AS Akciju komercbanka Baltikums opened its representative office in Almaty. It is the beginning of an international network of representative offices to be established by the Bank.

Extending such network of international regional branches and representative offices is one of AS Akciju komercbanka Baltikums strategic tasks.

AS Akciju komercbanka Baltikums believes that Central Asia has a huge development potential. Latvia and Kazakhstan enhance their business contacts continuously, especially in the area of transit business.

Kazakhstan is even more attractive to the Bank because it specialises in export and import business in international trade and financing of shipping companies. The Bank’s offer in private banking services and wealth management (management of private capital and asset management) will also be interesting.

The new office will represent the Bank’s interests and work on extension of our customer base in the area, provide information support on the services and products of AS Akciju komercbanka Baltikums and its associated companies for current and potential customers, and improve our correspondent relations with banks of Central Asia. The representative office will make research of the business environment, financial market and investment climate in Central Asia as well.

AS Akciju komercbanka Baltikums representative office in Kazakhstan is located in a new office in a modern and convenient business centre at Al-Farabi Avenue in downtown Almaty.

The representative office in Almaty (Kazakhstan) is the first representative office of the Bank. In the nearest future AS Akciju komercbanka Baltikums plans to establish a substantial network of representative offices to provide information on the Bank’s services for its potential customers. Currently, the relevant documents have been filed for registration and opening a representative office in Kiev (Ukraine).

The Bank has subsidiaries that represent its interests in Moscow and S. Petersburg (Russia), Kiev (Ukraine).

Information
Kazakhstan is located in the central part of Eurasia, south of the Urals. In the south-west it is washed by the Caspian Sea. The geographical position of Kazakhstan in the centre of Eurasia determines its considerable transport potential in the area of transit business. Construction of the Druzhba – Alashankou border railway pass between Kazakhstan and China and launching the Serakhs – Meshhed railway pass between Turkmenistan and Iran opened new transit corridors along the Silk Road route: from Chinese ports on the Pacific Lianyungang, Qingdao, Tianjin to Kazakhstan, Kyrgyzstan, Uzbekistan, Turkmenistan, Iran, Turkey, towards the ports of the Mediterranean and the Persian Gulf. Today, cargo moves at full speed along this route. The present highway network allows going to Russia and former Soviet republics, as well as to China, Turkey and Iran, and provides a link with the ports of the Black Sea, Mediterranean and the Indian Ocean. Shipping is carried on in the Caspian Sea (port Aktau) with exit to the Black and Baltic Seas via Russian river ways.

The infrastructure of the region and its business environment contribute to development of business activities of both local entrepreneurs and foreign investors. Oil and oil products account for most of Kazakh export (35%), other important groups of goods are non-ferrous (17%) and ferrous (16%) metals, ores (12%), part of its export being grain (9%). The key imported products are machinery and equipment, vehicles, various appliances and automated facilities, chemical products, mineral fuel, foodstuffs, ready-made and consumer goods. From year to year, the structure of Kazakh export and import changes towards diversification of business contacts. Trade with the traditional partners - the CIS and Baltic countries accounts for about 59% of export and up to 63% of import. At the same time, Russia continues to be its key trade partner. As far as countries outside the former Soviet Union are concerned, great success is achieved in developing trade contacts between Kazakhstan and Germany, Turkey, Switzerland, the Czech Republic, Italy, China, USA, UK, South Korea, etc.


Address of the representative office:

Prospekt Al-Farabi 7, Nurli - Tau pavilion 4A, office 7, Almaty, 050000, Kazakhstan
Tel.: +7 727 3110458
Fax: + 7 727 3110442

Tatjana Gaivoronska

Head of the Product Development and Marketing Department
AS Akciju komercbanka Baltikums
Tel.: +371 67 031 343
Mob. tel.: +371 29 253 515
E-mail: tatjana.gaivoronska@bank.baltikums.com