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JSC "Bank TuranAlem" Mukhtar Ablyazov and Chief Executive Officer of ORIX corporation Yoshihiko Miyauchi have signed the Memorandum

27.06.2007 / Press-service

On 20th June, 2007, The Chairman of the Board of Directors, JSC "Bank TuranAlem" Mukhtar Ablyazov and Chief Executive Officer of ORIX corporation Yoshihiko Miyauchi have signed the Memorandum on mutual cooperation (Agreement on Alliance) in the office of ORIX corporation (Tokyo).

Parties have appreciated mutual interest to the development of joint business taking into account innovation technologies and best international experience and also have determined common directions of bilateral partnership in the signed document.

Particularly, the partnership includes mutual support in development of BTA business group in Japan and ORIX Corporation in Kazakhstan. Furthermore, the parties have discussed an opportunity of realization of joint projects within the territory of CIS.

Thus, during the negotiations the representatives of Japan expressed a particular interest in the investment in post-soviet real estate market and also in development of providing such services as private equity and leasing.

The parties also have noted with satisfaction achieved positive results of bilateral cooperation that started in 2005, when ORIX Corporation became the shareholder of "BTA Leasing" company (today "BTA Orix Leasing"). This project is the first work experience within the territory of СIS for ORIX. It is also the single case of Japanese side’s participation in share capital of Kazakhstani companies.

JSC "Bank TuranAlem" (BTA) is one of the largest banks and a leader on establishment of the banking network in the territory of CIS countries. As of Q1 2007, bank’s consolidated assets comprised more than $19.4 bln, total equity capital - $2 bln. Bank’s CIS assets consolidation is planned for 2007 with the increase up to $50 bln till 2015. The bank plans a geographical diversification and enlarging of banking products range as well as stable and dynamic growth of the main indices.
Bank TuranAlem is presented in CIS and foreign countries and expands its presence in CIS; there is a network of banks – BTA’s strategic partners which expands to Ukraine, 4 regions of Russia, Belarus, Georgia and Armenia. BTA’s representative offices are operating in Russia, Belarus, China, Kyrgyzstan and United Arab Emirates.
Bank TuranAlem has a wide branching network within the Republic of Kazakhstan (22 branches and 244 cash-settlement units).

The ORIX Corporation was established in 1964 in Japan as company, which provides financial services around more than 20 worldwide markets. ORIX Company was a pioneer in market development to provide leasing services in Japan. And, as the result, became the Leader that can offer a wide range of productions and services.
In 1971, ORIX Corporation founded the first foreign office in Hong Kong, since that times, it has been developing an international operations among such markets as North America, Europe, Asia, Middle East and North Africa. The business directions consist of leasing, rent, investments with fixed income, services in financing of aviation and shipping, services of mortgage lending and real estate development.