E. Shaykenov appointed as Chairman of BTA Bank subsidiary-Temirbank (Kazakhstan)

KASE, May 8, 09

BTA Bank subsidiary-Temirbank (Almaty), a company listed on the Kazakhstan Stock Exchange (KASE), provided KASE with a press release:

May 4, 2009 directors of Temirbank held absent voting in regard of election of line-up of bank management.

Directors decided to appoint Erzhan Shaykenov as a new chairman of Temirbank. Shaykenov has been executing functions of a bank chairman since February 24 this year. Besides, according to a decision of directors, the new line-up will include Daulet Karymbaev and Mansur Moldakhmetov. Ablakhat Kebirov and Askhat Estaev were ousted from the board.

Erzhan Shaykenov was born July 26, 1978 in Almaty. Graduated from Kazakh state management academy, faculty “International economical relations”, majored in “Banking and International finance in Cass Business School, City University, (London, Great Britain). Earlier he worked in ABN AMRO Bank Kazakhstan and ATFBank supervising project and corporate financing, later he was a managing director of Temirbank supervising corporate crediting; he was acting as Termibank’s chairman since February 24.

Daulet Karymbaev was born in 1971. Graduated from Kazakh consumer cooperation institute, faculty “Finance and credit” (Karaganda); and Russian state service academy with Russian President, faculty “State and municipal administration” (Moscow, RF). Earlier he worked in OAO BTA Bank (Kazakhstan) heading development of subsidiary CIS banks, in OAO Agroincombank (Astrakhan, RF) as a board chairman and OAO BTA Bank (Moscow, RF) as an executive director.

Mansur Moldakhmetov was born July 13, 1974 in Almaty. He graduated from Kazakhstan Almaty based Inner affairs high school. Earlier he worked in Halyk Savings Bank of Kazakhstan, and Nurbank supervising bad credits, in Temirbank as an advisor to chairman, and a bad credit department director, in BTA Bank he headed bad credit department.

Temirbank is among ten largest Kazakhstan banks. The bank has branches in 21 regions. As on March 31, 2009 bank assets reached over KZT327 bn., own capital equaled over KZT30 bn.

Stable and reliable, Temirbank renders full range of bank services and partakes in the state program for mortgage loans refinancing. As on May 7 the bank refinanced over KZT2.1 bn. credits.