OREANDA-NEWS. October 1, 2007. The Euromoney International Financial Magazine has assigned Alliance Bank with award "Best Retail Bank in Kazakhstan" in the category "World’s Leading Banks in Corporate Governance 2007". This news was announced by Alliance Bank and Euromoney top management at the press conference held on September 25.

The Euromoney Magazine on annual basis conducts expert assessment of the banks throughout the world for introduction and application of the world corporate governance practice. The following aspects are reviewed by the Euromoney experts in the course of consideration of the banks questionnaires:  shareholders structure transparency, financial transparency, management structure, relationships between the related parties and management concerns.

Awarding Alliance Bank a title of the “Best Retail Bank in Kazakhstan” in the category “Leading Banks in Corporate Governance 2007” the Euromoney experts underlined Alliance Bank’s achievements in retail business: widespread branch network, extensive client base, diversified competitive products range and high quality customer services. 

 “The banks awarded by the Euromoney Awards for the best corporate governance are the strongest financial institutions in the world. The Euromoney Magazine awards the banks for their stable position on the market, high quality services, development potential and management efficiency. These banks provide high quality financial services indeed and therefore deserve trust – said Martin Born, The Euromoney CEE & CIS Area Director.

“We are delighted that the achievements of Alliance Bank in retail banking have been appreciated by the competent international experts. A title of the “Best Retail Bank in Kazakhstan” evidences the reliability of our positions on the regional and international financial markets and the attractiveness of Alliance Bank’s securities both for Kazakhstan and foreign investors,” – remarked Dauren Kereibayev, Chairman of Alliance Bank Board.

It worth to mention that this is not the first time when Alliance Bank awarded by the worldwide recognized international magazine the Euromoney. In 2005 Alliance Bank was awarded in two categories the “Leading Bank in Corporate Governance in Kazakhstan" and the “Best Retail Bank in Kazakhstan” by the Euromoney. In 2006 the Euromoney Magazine granted Alliance Bank a reward of the “Leading Bank in Corporate Governance in Emerging Europe”. Thus the Euromoney experts every year prove the leadership of Alliance Bank in governance transparency and management efficiency.