London, June 13, 2005

US$125mn Syndicated trade related loan for JSC Bank CenterCredit arranged by Deutsche Bank and ING signs


Bank CenterCredit ("BCC") announced today the signing in Almaty of the US$125mn syndicated trade related loan arranged by Deutsche Bank AG London ("Deutsche Bank") and ING Bank N.V. ("ING").  Syndication of the facility, which represents the 12 month extension of last year's US$45mn loan, was highly successful and raised more than US$140mn. However the loan was scaled back to meet BCC's funding requirements.  The US$125mn loan, which carries a margin of 2.0% p.a., is the largest loan for a Kazakh bank outside the big top three.

As can be seen below the lenders make up a diverse list of syndicate banks.  At 39 banks, the syndicate is also by far the largest that BCC has raised.  The following banks participated in the transaction:

Mandated Lead Arrangers
Deutsche Bank AG London
ING Wholesale Banking

Senior Arrangers
Anglo-Romanian Bank Limited
Bankgesellschaft Berlin AG
Citigroup
Demir-Halk Bank (Nederland) N.V.
GarantiBank International N.V.
NATIONAL BANK OF EGYPT (UK) LIMITED

Arrangers
Alpha Bank A.E.
American Express Bank GmbH
HVB Group
(BANK AUSTRIA CREDITANSTALT
ZAO INTERNATIONAL MOSCOW BANK
Bayerische Hypo- und Vereinsbank AG)
Raiffeisen Zentralbank Osterreich Aktiengesellschaft
Sumitomo Mitsui Banking Corporation Europe Limited

Co-Arrangers
Emirates Bank International PJSC
Magyar Külkereskedelmi Bank RT

Lead Manager
Landesbank Baden-Württemberg - Group
(- Landesbank Baden-Württemberg, London Branch
- Landesbank Rheinland - Pfalz)

Managers
Arab Bank plc
The Arab Investment Company S.A.A. (TAIC)
Erste Bank
The Governor & Company of Bank of Ireland
Habib Bank OBU Bahrain
Mashreqbank psc
Natexis Banques Populaires
Wachovia Bank, National Association

Participants
Banca Monte dei Paschi di Siena
Banca Popolare di Verona e Novara S.c.r.l., London Branch
Bank of Montreal
BRE Bank SA, Warsaw
Dresdner Bank AG
First Commercial Bank, Offshore Banking Branch
HSH Nordbank AG Luxembourg Branch
Israel Discount Bank of New York
Nova Ljubljanska banka d.d., Ljubljana
SANPAOLO IMI S.p.A.
Swedbank
The Bank of Nova Scotia
Banco Espirito Santo
Finansbank (Holland) N.V.


BCC is the fifth largest bank in Kazakhstan with total assets at 31 December 2004 of eq. $1.12bn and total shareholders equity at the same date of eq. US$92mn. The Bank's primary business consists of corporate and retail banking.  Its corporate banking activities include a broad range of wholesale banking products to a diversified group of domestic customers, primarily small and medium sized companies.  The Bank's retail banking activities and products include retail lending and deposit taking and credit and debit cards.  The Bank is also an active participant in the fixed income securities market and foreign currency markets in Kazakhstan.
BCC is rated by Moody's Investors Services Inc. and Fitch Ratings Ltd.: Ba1 and B+ respectively.
As at 31 December 2004, the Bank, in addition to its head office in Almaty, had 19 full service branches and 100 limited service branches, or retail settlement units, throughout Kazakhstan and a network of 77 ATMs in principal cities in Kazakhstan.

   
For further information, please contact:


Deutsche Bank

Ben Dobson    (+44 20) 7545  8572 
Corporate and Investment Bank

Jo McCulloch  (+44 20) 7545  6941 
Press Office 

ING Bank N.V.

Jana Petkova  (+44 20) 7767 5216
Syndicated Finance

Charlotte Howell  (+44 20) 7767 5169
Syndicated Finance

 


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