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Bank TuranAlem gets two awards from the leading international magazines: "The deal of the year - 2006" from the TRADE FINANCE magazine and "The best deals - 2006" from the GLOBAL TRADE REVIEW magazine

12.04.2007 / Press-service

The awards are given for a unique financing structure of the Silicium Kazakhstan Company’s project which is aimed at construction of metallurgic works to produce metal silicon in Karaganda region.

The loan for BTA was organized by Deutsche Bank. The total value of the loan which was given in two tranches comprised €65.000.000. The first tranche as an advance payment given for seven years was €8.000.800, the second €56.200.000 tranche for 10 years was given under guarantee of Export Credit Agency (ECA) Euler Hermes.

The project was recognized unprecedented for the Kazakh banking sector on several reasons: to implement this project Euler Hermes increased credit limit for Kazakhstan from €70.000.000 to €150.000.000 and the amount of the "buyer’s loan" which was €56.200.000 exceeded Euler Hermes’ limit for one Kazakh transaction.

"The €65.000.000 loan organized by Deutsche Bank for BTA in November 2006 is a remarkable event for Kazakhstan – said Ruper Saier, the editor of the Global Trade Review. – This deal means extension of loan periods for Kazakh banks with BTA as a leader and increase of investors’ goodwill to the economic and political stability of Kazakhstan. BTA gave opportunity for many other Kazakh and Central Asian banks to follow its way".

"The loan terms are adjusted to the peculiarities and the project business plan and let us provide the customer with a long grace period and a possibility to capitalize interest rate for the work’s construction period. The project is innovative, up-to-date, strategically and socially important for Kazakhstan economy", said Timur Sabirbayev, head of International and Trade Finance Division of the Bank.

The Trade Finance magazine’s "The Deal of the Year" is a wider analysis of a great quantity of deals in the sectors of trade finance and state property. The deals that win reflect changes in the trade finance market. The Trade Finance magazine is published by "Euromoney Institutional Investor plc." (Great Britain).

The "Global Trade Review" magazine’s "The Best Deals of the Year" are awarded from year to year. The "Global Trade Review" magazine is published by "Exporta Publishing & Events Ltd." (Great Britain).

JSC "Bank TuranAlem" (BTA) is the core of the financial group existing in all segments of the financial market. BTA financial group embodies insurance, leasing, mortgage companies, pension fund and other financial institutions. The network of the banks which are BTA strategic partners is spread over Ukraine, 4 regions of Russia, Byelorussia, Georgia and Armenia. Representative offices are operating in Russia, Byelorussia, China, Kyrgyzstan, Tajikistan and United Arab Emirates. The assets of the BTA group as at the beginning of 2007 comprise $16,3 bln, aggregate shareholders’ equity $2 bln. Consolidation of the aggregate assets is planned for 2007 with increase up to $50 bln by 2015.

For the last two years Bank TuranAlem was awarded several times. The "Euromoney" magazine recognized BTA as "the Best Bank in Central Asia", "the Best Bank in CIS" and "the Best Borrower in the Developing Markets", The Banker magazine recognized BTA as "The bank of the Year - 2005" in Kazakhstan. The Consumers National league named BTA "Perfect Bank" twice. The organizational committee of the public national award "Golden Altyn" gave the highest appreciation "Grand Prix" in nomination – "The best bank of 2006"

The international magazine Trade Finance awarded "The deal of the Year - 2005" to BTA for long-term finance of oil-loading tankers import from Russia to Kazakhstan.