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The Banker rates Bank TuranAlem among World's TOP 300 BANKS

16.07.2007 / Press-service

It is a second year in a row, when Bank TuranAlem JSC appears in the TOP 1000 WORLD BANKS rating of The Banker. This year Bank TuranAlem ranks the 295th in the listing.

Bank TuranAlem JSC also took 3rd place in "Highest Movers" rating after Arab Foreign Bank, Libya, and Intercontinental Bank, Nigeria.

The Banker’s rating criteria for the best banks are sustainable financial development, efficient capital management, IT utilization, development of bank’s infrastructure and strategic market achievements.

"We are delighted that the bank from Kazakhstan has gained a ranking in this prestigious listing that awards ratings to the rapid-growing world financial institutions. Bank TuranAlem has long ago proved itself as a fast-growing bank with stable growth indicators. Bank’s rating in the TOP 300 and the third ranking among "Highest Movers" was the further proofs. We are steadily moving onward both in terms of service quality and management and innovation technologies. And we have deserved a right to be proud of these achievements. This high recognition obliges us to much, therefore we will endeavor our best efforts to have our ranking upgraded in this influential rating," said Roman Solodchenko, the Chairman of Bank TuranAlem

Established in 1926, The Banker is the premier magazine and acknowledged journal of record for the world's investment, retail and commercial banking sectors. Being part of the Financial Times group and published on a monthly basis, the magazine offers an unrivalled combination of authoritative news, features, surveys and heavyweight interviews. The TOP 1000 WORLD BANKS rates biggest banks by Tier One capital in 140 countries.

Bank TuranAlem JSC is among largest banks in the CIS with leading positions in creation of a banking network. As of May 1, 2007 its assets amounted to $20.4 billion, equity capital made almost $2 billion. In 2007, the Bank intends to consolidate its assets in the CIS making it $50 billion by 2015. The Bank envisages a geographic diversification, broader range of banking services and boom of its financial highlights.
Bank TuranAlem operating in the CIS and far-abroad countries is expanding into the CIS countries. Activities of its strategic bank partners cover Ukraine, 4 regions in Russia, Belarus, Georgia, Armenia and Kyrgyzstan. BTA runs its representative offices in Russia, Belarus, China and United Arab Emirates.
In Kazakhstan, BTA’s network consists of 22 branches and 244 cash settlement units.