Almaty: Press Release: Changes in the Composition of the Management Board
The Meeting of the Board of Directors of Bank TuranAlem was held on January 21, 2005, whereby the following decisions were made: 1. To appoint Saduakas MAMESHTEGI the Chairman of the Management Board of Bank TuranAlem; 2. To appoint Yerkin TATISHEV the First Deputy Chairman of the Management Board of Bank TuranAlem.
Almaty: Press Release: BTA borrowing plans for 2005
Given the recent various press articles, Bank TuranAlem feels a necessity to outline and clarify its international borrowing plans for 2005. As stated by our late chairman, Mr. Tatishev, in St. Petersburg on December 16, 2004, the Bank intends to borrow up to U.S.$1.5bn in foreign markets through various financial instruments, including Eurobonds, syndicated loans, and a RUR-denominated bond offering. As a result, the Bank's total foreign debt is not expected to exceed a total of U.S.$3bn at the end of 2005. There has been no change in the Bank's foreign borrowing budget or strategy since the announcement in St. Petersburg