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Changes to the Management Board of JSC "Bank TuranAlem"

22.02.2007 / Press-service

As a result of Board of Directors meeting on February 22, several changes to the structure of the Board were made.

Two positions of Deputy Chairman of the Board were introduced for practical implementation of strategic plans of BTA development, effective investor relations and performance of high-level representative functions. Saduakas Mameshtegi and Yerkin Tatishev were unanimously confirmed to these positions.

Due to appointment to the position of Deputy Chairman of the Board of Directors and in order to fully fulfill his duties, Mr. Mameshtegi left the position of the Chairman of the Management Board.

According to the decision of the Board of Directors, Roman Solodchenko, previously Deputy Chairman, was approved for this position.

Besides, Indira Izteleuova, Executive Director of BTA, responsible for personnel work, was included to the Management Board as a Managing Director. This appointment will allow to increase the efficiency of work with personnel and to focus on expanding of human capital of Bank

JSC "Bank TuranAlem" is the core of the financial group, present in all market segments. Network of strategic partner-banks includes Ukraine, 4 regions of Russia, Belarus, Georgia and Armenia. International representatives can be found in Russia, Belarus, China, Kyrgyzstan, Tajikistan and UAE. BTA’s non-consolidated assets exceed 14.4 billion USD at the beginning of 2007, while its total equity capital exceeds 2 billion USD. In 2007 the Bank is planning to consolidate assets in CIS and to increase them up to $50 billion USD till 2015.