Almaty: JSC Bank TuranAlem among the Top 1000 world banks 200525.07.2005 / Botagoz Alzhanova, Head of International Division
The Banker’s listing, which covers the world’s largest banks based on Tier One capital in 85 countries, showed this year that banks were more profitable than ever before, returning an aggregate return on capital of 19.86%, significantly higher than the previous year’s 17.56%.
This year a trustworthy and an esteemed Bank TuranAlem is included in to the TOP 1000 world banks 2005 by receiving a 792 Ranking Listing with Tier One capital of USD323mln.
"For us being in TOP 1000 listing was not all of a sudden matter, BTA has grown twice in the year of 2004 according to its development strategy", says Zhamilya Sarsembayeva, Executive Director of BTA.
In addition, BTA is in the listing of New Arrivals to the TOP 1000 from the CEE Region.Among the new entrants into the Top 1000 from the CEE region (including CIS) Bank TuranAlem with Tier One - USD323mln was the only bank from Kazakhstan, the rest ranks were occupied by banks from Russia and Ukraine.
"Bank Turan Alem's place in the ranking of the Top 1000 largest banks in the world reflects its consistently good performance over the past few years. The bank has increased domestic market share and is busy expanding overseas in Russia, the Ukraine, Belarus and the rest of CIS. The management's successful strategy has turned the bank into one of the largest and most successful banks in the CIS region," says Brian Caplen, Editor of the Banker.
The Bankeris the global monthly banking magazine of the Financial Times Group and was first published in 1926.
Bank TuranAlem is a leading commercial bank in Kazakhstan, establishing its banking network throughout the CIS. Currently BTA's assets exceed U.S.$5.5bln, total equity exceeds U.S. $600mln. The world’s largest development institutions (IFC, EBRD, FMO and RZB) are the shareholders of BTA. Bank TuranAlem strongly maintains a leading position among the commercial banks in Kazakhstan, with significant dominance in trade finance, SME and corporate finance and mortgage lending. Development strategy of BTA is focused on geographic diversification within the CIS and the broadening the scope of banking products, as well as stable dynamic growth.
If you have any questions, please contact:
Botagoz Alzhanova, Head of International Division, JSC "BTA"
tel.: +7(3272) 504074, fax: 500662; e-mail: firstname.lastname@example.org