OREANDA-NEWS. Bank TuranAlem has won top honor in Central Asia Regional Awards in 2007 within the Euromoney Awards for Excellence.

The award by reputable Euromoney that embraces almost 100 various editions focusing on finances and banking is a further proof of strong positions of Bank TuranAlem on the world financial market and attraction of its securities for local and foreign investors.

It is worthwhile to say that for the first time Bank TuranAlem chalked up the top honor in the Euromoney Central Asia Regional Awards in 2005.

Bank TuranAlem has proved itself in the Awards for Excellence as a leading financial institution despite all objective challenges in conducting banking business in the present-day world.

"Banks winning Euromoney awards indeed render superior services and deserve trust of their clients. Our magazine recommends them to you," said Mr. Martin Born, the Euromoney Director, Russia, CIS, Central & Eastern Europe.

Picking the outstanding financial institutions, Euromoney experts have considered their market power, market share, new banking products, management system, professional skills of the staff, innovation nature of activities, financial highlights and equity capital. Bank TuranAlem JSC (BTA) is among biggest 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 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 the United Arab Emirates. In Kazakhstan, BTA’s network consists of 22 branches and 249 cash settlement units.