Nurbank likely to increase deposit base ? Chairman of the Board of Directors

ALMATY. March 3. KAZINFORM. /Daniyar Sikhimbayev/ ?Nurbank? JSC takes an active part in implementation of a number of state programs. Newly appointed ?Nurbank? Chairman of the Board of Directors Marat Zairov has made it public at a special press conference in Almaty today.

Over a year the Bank?s small and medium business loan portfolio increased by 109%. The cooperation with ?Damu? Entrepreneurship Development Fund greatly contributed to a rapid breakthrough. According to the general agreement as of February 14, 2009, Nurbank will get additional KZT 8 billion for the support and development of small and medium business. Nurbank was among the first to restrict external borrowings from 4% to 11%. Nurbank is planned to repay USD 100 million syndicated loan in April 2009 and USD 150 million Eurobond in 2011 from own funds. Household deposits increased by 104% following the results of 2008. M. Zairov noted that out of KZT 8 billion 2 billion will be disbursed in March-April.