OREANDA-NEWS. BANK CASPIAN JSC (Almaty), shares and bonds of which are traded in Kazakhstan stock exchange's (KASE) category "A" official list, had issued a press-release in which the bank announced results of its activities for 9 months of year 2007.

Since the beginning of year bank's assets increased by 20% and by 10% for the last three months, making KZT238 bn. Credit portfolio increased by 39% since
the beginning of year and by 18% for the last three months and made KZT178 bn. Deposits of clients increased for the last three months by 9% and had reached KZT68 bn. Shareholders equity increased by 36% since the beginning of year and made KZT37 bn. Income for 9 months of year 2007 made KZT4.1 bn.

Principal results for 9 months of year 2007:

- Assets - KZT238 bn.

- Credit portfolio - KZT178 bn.

- Deposits of clients - KZT68 bn.

- Shareholders' equity - KZT37 bn.

- Net income - KZT4.1 bn.

Three last months of the year 2007 were characterized by especially high rates of growth for the bank. Starting from June 2007, credit portfolio of the bank increased by 18% to KZT178 bn, deposits increased by 10% to KZT68 bn.

"Considering the difficult situation on external capital markets we are very pleased to announce the successful results of Caspian bank for 9 months of
the year 2007," said Mikhail Lomtadze, chairman of the board of Bank Caspian JSC. - "The demand for our services had increased significantly, as a result,
the growth of retail crediting made 24% and our retail portfolio, including credits to small and middle enterprisers had reached KZT100 bn," he added.

"We are continuing to implement the strategy preplanned at the beginning of the year, aimed on stable and moderate growth and high reliability of our
bank," Mr. Lomtadze said.-"The important basis for achievement of our strategic goals are three factors. Firstly, we have one of the highest levels of
capital among Kazakhstan banks - more than 22%. Secondly, Caspian has the lowest level of external borrowings, which make only 34%. After
payment of more than $80 mln in September, we do not have any external payments left in this year." "Especially important is that the stability of our bank sees the reflection in the  trust of our clients," Mikhail Lomtadze continued.-"Deposits of our bank increased by 10% for the last three months and made more than KZT68 bn."

Investor to Bank Caspian JSC is the leading fund of direct investments Baring Vostok Private Equity III (BVPEF III).