Creation of new financial group – NurGroup

Almaty /September, 15/ Interfax-Kazakhstan/

Kazakhstani commercial bank Nurbank has created financial group – NurGroup.

“All daughter organizations of Nurbank have joined the financial group – NurGroup. The group was established for our clientele convenience,” – reported Chairman of “Nurbank” Mr. Marat Zairov on the press conference held in the press centre of Interfax Kazakhstan last Tuesday.

According to his words, JSC “Nurbank”, JSC “Pension Fund “Atameken”, Insurance company “Nurpolis”, Leasing company “Nur Leasing”, Pension asset management company “Nur Trust”, JSC “Money Experts” (financial adviser, shares and bonds market-maker on KASE) have entered the Group.

“The Group provides banking, insurance, brokerage, leasing services as well as the services of pension fund and asset management. It was created for assisting our customers in realization of innovation business projects”, - highlighted Mr. Zairov.

In concordance with his words, the Group is planning to increase the growth of sales at least for 25 per cent.

According to the unaudited consolidated Bank’s financial statements as of 01.09.09 the Assets of the Group have made KZT 305,246 bln, net profit – KZT 1,7 bln”, - informed Mr. Zairov.

Current rate of exchange is KZT 150.92 /$1.

In accordance with the financial results as of 2008 Nurbank ranked 67th place among the banks of CIS and the 7th place among the banks of Kazakhstan in terms of assets in “Interfax-1000” ranking by “Interfax-CEA”.