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Bank TuranAlem supports the development of financial instruments to minimize the risks

06.06.2006 / Press-service

For the second year in a row Bank TuranAlem sponsors "Central Asia Trade & Export Finance Forum". Participants of the Forum 2006 will discuss the issues of trade financing development in Central Asia: growth and perspectives, political and other risks of investment, support of export-credit agencies in CIS, possibilities for structure and trade financing, and tendencies of its development, state insurance corporation activities in the field of insurance of credits and investments, legal aspects of trade financing.

"Bank TuranAlem supports the development of financial instruments that will minimize the risks. We support the organizers of the conference and their goals. Development and establishment of new contacts with different members of trade financing and finance markets, exchange of experience and information, new partners and clients are necessary for successful performance." – says Roman Solodchenko, Deputy Chairman.

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 $9.2 billion; equity capital exceeds $1.5 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.

In 2005-2006 Bank TuranAlem sponsored Russian-Chinese-Kazakhstan Oil Forum, opening of international cultural centre of Kurmangazy, art-project "Concert in Motherland", return of Kazakhstan film "Gold Collection" to audience, publication of the book by Olzhas Suleimenov in Ukrainian, "A-Studio" concert in Ajaria and other charity events.

Conference organizers – British company "Exporta Group". More than 300 delegates participate in the conference. Among them representatives of National Bank of Kazakhstan, kazakhstna banks, insurance companies, export credit agencies, Kazakhstan business, legal and consulting agencies.

Trade financing - set of instruments, which allow Kazakhstan companies to finance what they do not have means for: modernization of technology, diversification of its activities, and creation of new fields of activities. Foreign capital markets are the source of means. Moreover, trade finance scheme allows minimizing the risks in fulfillment of agreement conditions. Trade financing scheme includes four sides: bank and its client-buyer, as well as foreign bank and its client-seller. Kazakhstan bank attracts the means of foreign credit organization for the purchase of goods for its client as a part of credit limit.