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Pilot project on introduction of new express money transfers system

04.10.2006 / Press-service

"For the first time, large bank enters the money transfer market." – says Bolat Baimirov, Deputy Chairman. "Classis express transfers are still in demand, in spite of inter-card transactions. They have different target audiences and that is why they almost do not compete. In any case, new project of gratuitous transfers for individuals will be interesting for the bank as well as the customers. It is a good service with the lowest price" – he thinks. "Pilot project on introduction of the system is being realized in Kazakhstan. After "FASTER" testing period certain conclusions will be drawn. And depending on demand, feedback and reaction of the customers transfer geography will be expanded to CIS states with BTA presence, Middle and Far East. This is only beginning, as there are no analogues for the system in Kazakhstan" – says Mr.Baimirov in conclusion.
JSC "Bank TuranAlem" is the core of the financial group, present in all market segments. BTA is the system-making bank of Kazakhstan and the leader in creation of banking network in the CIS countries. Assets of BTA exceed USD 10 bn, its total capital exceed USD 1.7 bn. Among Kazakhstan's second tier banks, JSC "Bank TuranAlem" confidently holds the leading position in trade financing, SME lending and mortgage loans. Till 2008 BTA plans to become one of the largest private banks of CIS.

New strategy of Bank TuranAlem for 2006-2015, which was recently approved, includes taking of leading positions in Kazakhstan and CIS markets in corporate and retail banking, SME and increasing of BTA shares in Kazakhstan market at least up to 25%, at least 2%in Russia, and at least 5% in other countries of presence.

In the context of new strategy it is planned to acquire 51% of voting shares from JSC "Temirbank" present shareholders till the end of 2006.

For realization of all competitive advantages it is planned to increase till 2015 the assets in Kazakhstan up to 34 bn USD, capital – 3.8 bn USD, net profit – 615 mn USD, number of branch offices – 268, employees – 6963 people.

JSC "Temirbank" is the leading retail bank in the top ten Kazakhstan banks by the size of assets and equity capital. As of July 1, 2006 Temirbank's assets – 108.3 bn KZT, equity capital – 11.6 bn KZT.