"Bank TuranAlem" JSC is recognized as "Best trade finance provider in Kazakhstan"
According to exclusive survey of "Global Finance" financial edition "Bank TuranAlem" JSC is recognized as "Best Trade Finance Provider 2008 in Kazakhstan".
Fitch Changes Outlooks for Seven Kazakh Banks to Negative
Fitch Ratings-London/Moscow-17 December 2007: Fitch Ratings has today changed the Outlooks for the Long-term Issuer Default Ratings (IDRs) of seven Kazakhstani banks (listed below) to Negative from Stable.
JSC "Bank TuranAlem" receives Kazyna deposit
On December 6, 2007 Finance Ministry, Astana akimat, Kazyna Sustainable Development Fund ("Kazyna"), Kazakhstan Mortgage Company JSC ("KMC") and Kazakhstani commercial banks (so called second tier banks) signed the partnership agreement in the frameworks of the realization of an action plan on provision of stability to the socio-economic development of Kazakhstan.
JSC "Bank TuranAlem" doubles its net profit and surges capitalization
As of October 01, 2007 the assets of JSC "Bank TuranAlem" grew by 47% (US$7.7 bln) to US$24.1 bln. Assets growth was mainly driven by the growth of the loan portfolio by 76% from US$10.6 bln in the beginning of the year to US$18.6 bln as of October 1, 2007.
SC "Bank TuranAlem" has completed the transaction with Japan Bank for Interntaional Cooperation (JBIC)
Joint-stock company "Bank TuranAlem" became the first commercial bank in the CIS, realized the transaction with Japan Bank for International Cooperation, (JBIC).
S and P Revises Outlook On Eight Kazakh Banks To Negative
PARIS (Standard and Poor's) Dec. 11, 2007--Standard and Poor's Ratings Services said today that it had revised its outlook to negative from stable on eight Kazakh banks: Kazkommertsbank (JSC) (KKB), Bank TuranAlem, Halyk Savings Bank of Kazakhstan, Alliance Bank JSC, Temirbank JSC, BTA Ipoteka Mortgage Co., JSC Nurbank, and JSC Eurasian Bank.
Bank TuranAlem launches new settlement centers in Almaty as more clients flock in
On December 5, Bank TuranAlem JSC launches four new cash settlement centers in key business venues of Almaty. These are Alatau at 50/54 Tole bi Street corner Tulebayev Street, tel: 312 23 66; Esentay in Koktem 2, building 2, tel: 295 49 77; Sheber at 127/99 A Abay Street corner Zharokov Street, tel: 312 23 17; and Taraz in Aksay 2 housing estate, building 12, tel: 256 77 96.
Fitch Assigns BTA-Kazan ‘B’ IDR; Places on Rating Watch Positive
Fitch Ratings-London/Moscow-23 November 2007: Fitch Ratings has today assigned Russian bank BTA-Kazan ratings of Long-term Issuer Default (IDR) ‘B’, National Long-term ‘BBB+(rus)’ Short-term IDR ‘B’, Individual ‘D/E’ and Support ‘4’. The Long-term IDR and National Long-term rating are placed on Rating Watch Positive.
Fitch Affirms Kazakhstan's Temirbank at 'BB-'; Outlook Stable
Fitch Ratings-London/Moscow-23 November 2007: Fitch Ratings has today affirmed Kazakhstan-based Temirbank’s (Temir) ratings at Long-term Issuer Default (IDR) 'BB-' (BB minus), Short-term IDR ‘B’, Individual 'D/E' and Support ‘3’. The Outlook for the Long-term IDR remains stable. The rating action follows the affirmation today of the ratings of Temir’s majority owner, Bank TuranAlem (BTA) (see separate announcement).
Fitch Affirms Kazakhstan’s Kazkommertsbank and Bank TuranAlem at ‘BB+’/‘C/D’
Fitch Ratings-London/Moscow-23 November 2007: Fitch Ratings has today affirmed the ratings of Kazakhstan-based banks Bank TuranAlem (BTA) and Kazkommertsbank (KKB) (see below for full list of ratings). The agency has also affirmed the ratings of BTA subsidiary Temirbank and assigned ratings to BTA’s affiliate in Russia, BTA-Kazan (see separate announcements for details).
JSC "Bank TuranAlem" informs that, in accordance with the stock listing rules, on November 13, 2007, JSC "Bank TuranAlem" notified KASE (Kazakhstan Stock Exchange) about its intention to purchase 71% of "Investment Export-Import Bank" ("Ineximbank"), Kyrgyzstan.
For the period from December 31, 2006 to October 1, 2007, according to preliminary data, consolidated assets of JSC Bank TuranAlem grew by 47.4% to US$24.1 bln., total equity grew by 2.3 times to US$3.6 bln. Net income of the BTA Group was US$492 mln. which is twice more comparing to the same period of the previous year and exceeded net income for the whole year 2006 by 60 %.