News

Annual meeting of shareholders of JSC "Bank TuranAlem"

28.04.2006 / Press-service

Annual shareholders’ meeting took place on 28 April, 2006. During the meeting shareholders summed up Bank’s achievements in 2005 and defined development directions for the current year. The meeting acknowledged Bank’s results of financial activities and audited financial statements as satisfactory, approved annual report, annual accounts, income and losses report.

As a result of the annual meeting shareholders decided not to pay dividends on payouts and to capitalize the income from dividend remainders of preferred stock.

Konstantin Kolpakov was elected new member of the Board. Since 21 June he took a post of Deputy Chairman of JSC "Bank TuranAlem".

The meeting was conducted with all due formalities.

JSC "Bank TuranAlem" – the system-making bank of Kazakhstan, the leader in creation of banking network on the territory of CIS. Bank’s assets exceed $8.4 billion; equity capital exceeds $1.37 billion. Bank’s shareholders are the world largest institutions such as EBRD, RZB, IFC and FMO. In Kazakhstan the Bank confidently holds the leading position among the second-tier banks in the field of trade financing, SME loans and mortgage lending. Bank’s development strategy includes geographical diversification and the expansion of the range of provided services, as well as stable dynamic growth.