OREANDA-NEWS. On March 16, 2009 Alliance Bank announced that it has retained Lazard Freres as its financial advisor to assist it addressing the implications of recent events relating to the Bank. Further announcements will be made in due course when our advisors have familiarised themselves with our business, reported the press-centre of Alliance Bank.

About Alliance Bank
Alliance Bank is one of the leading banks in Kazakhstan. Established in 1993, the Bank is among the five top Kazakhstani banks in terms of both assets and equity size.
Alliance Bank has been developing as a universal financial institution in all business segments, focusing primarily on the retail market, including card business and SME lending. The Bank has a wide regional network of 21 branches and 176 outlets in 63 cities and rural settlements with a customer base over 2 million people.

About Lazard
Lazard Freres, one of the world’s preeminent financial advisory and asset management firms, operates from 39 cities across 21 countries in North America, Europe, Australia, Asia, Central and South America. The firm provides advice on mergers and acquisitions, restructuring and capital raising, as well as asset management services, to corporations, partnerships, institutions, governments and individuals.