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Kazakhstan

BEST BANK
Kazkommertsbank

BEST DEBT HOUSE
ABN Amro

BEST EQUITY HOUSE
Bank TuranAlem

Kazkommertsbank wins best bank after a strong year in the booming domestic banking market. It made substantially more money than its nearest competitors. Its assets almost doubled, as did operating income, and net interest income rose by 70%.

TuranAlem Securities is the consistent leader in equities brokerage on the Kazakh stock exchange – it did the highest volume of trade last year, and managed to make a record profit in the second half of 2004.

ABN Amro wins the award for best debt house in Kazakhstan. It tops the league table in bond issues, having lead managed all corporate deals in 2004, including the most successful bond issue, TengizChevroil's $1.1 billion investment-grade deal.

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