BTA INVEST BANK PRESENTATION HELD IN YEREVAN

YEREVAN, August 22. /ARKA/. BTA Invest Bank presentation took place
in Yerevan on Monday. Rasul Kosanov, Chair of the BTA Invest Bank’s
Board, said at the presentation that the bank intends to make its
contribution in the development of Armenia’s financial sectors, to
introduce innovative banking products, to advance Armenian companies
and Armenia as a whole in the international investment community,
stimulating offshore investments flows into the country. In his
words, one of the most important directions in the bank’s activity in
Armenia will be mortgage lending and small- and middle-scale business
crediting. In particular, the bank is planning to create joint
co-branded and discount program implementation (offering discounts in
the best restaurants and shops of Yerevan to BTA Invest plastic cards
owners). The bank will offer its clients to make their payments for
utilities and cellular communication services through cash machines.
The bank also intends to offer one of advanced banking technologies
for regional internet-banking network development.
Yerik Sultankulov, Chairman of the Bank’s Council and Financial
Director of Bank TuranAlem, said presumed amount of BTA Invest Bank
investments for 2005 will make about $ 30mln. Mortgage lending is
planned to total $10mln.
Bank TuranAlem, one of Kazakhstan’s biggest banks, acquired 48.9%
shares in authorized capital of International Investment Bank later
renamed into BTA Invest Bank. The bank’s other shareholders are ZRL
Austrian company (31.1%) and MOBILEX Kazakh-Armenian company (20%).
According to the bank’s regular reports, BTA Invest Bank’s assets
totaled AMD 1118.9mln as of June 30, 2005, total capital made AMD
878.8mln and authorized capital AMD 1105mln. Credit investments made
AMD 181.7mln as of June 30, 2005.
TuranAlem is a system-making bank of Kazakhstan and the leader in
creating banking network in CIS member countries. The bank’s assets
reach $5.5bn and own capital exceeds $600mln. The network of the
bank’s strategic partners includes Slavinvestbank, Omsk-bank,
Agroincombank, BTA Kazan (Russia), BTA Transbank (Ukraine),
Astana-Eximbank (Belarus), BTA Silk Road Bank (Georgia) and BTA
Investbank (Armenia). M.V. -0–