KAZAKH “BANK TURANALEM” JSC TO OPEN OFFICE IN YEREVAN ON AUG 22

ARKA News Agency
Aug 18 2005

YEREVAN, August 18. /ARKA/. The “Bank TuranAlem” JSC (Kazakhstan)
is to open its office in Yerevan on August 22, 2005. The goal of
the office is rendering high-quality banking services to the bank’s
clients, contributing to the development of Armenian-Kazakh business
relations, monitoring the development of Armenia’s financial market
and finding the ways of developing the bank’s business in Armenia.
The Kazakh “Bank TuranAlem” is the first private banks implementing
a strategy of regional development in the CIS to form a common bank
space between Kazakhstan and the other CIS countries. The BTA’s assets
total $5.5bln, and the bank’s own capital exceeds $600mln. Among the
BTA’s strategic partners are Slavinvestbank, Omsk Bank, Agroincombank,
BTA-Kazan (Russia), BTA Transbank (Ukraine), Astana-Eximbank (Belarus),
BTA Silk Road Bank (Georgia), and BTA Investbank (Armenia). P.T. –0–