Bank CenterCredit Informed of Results of its Activity
OREANDA-NEWS. On August 14, 2007 Bank CenterCredit JSC (Almaty), shares and bonds of which are traded in the official list of Kazakhstan stock exchange (KASE) under "A" category, presented KASE the press release, saying, reported the press-centre of KASE:
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According to the non-consolidated financial statements, assets of Bank CenterCredit JSC as of July 1 2007 totaled KZT808,626 bn., being increased in comparison with the beginning of 2007 by KZT237,671 bn. or by 41,6%.
Net income of the bank for the first half-year of 2007 made KZT5,093 bn. That exceeds the income for the analogical period of 2006 by KZT1,877 bn. or by 58,4% (KZT3,216 bn.)
The equity capital of Bank CenterCredit JSC by the end of the second quarter of year 2007 totaled KZT50.836 bn., being increased in comparison to the beginning of the year by KZT11,067 bn. or 27,8%.
Credit portfolio of the bank has increased by KZT188,511 bn. (by 45,6%) over six months and totaled KZT601,476 bn.
A significant growth of deposits' base of the bank has been observed since the beginning of the year; the volume of attracted clients' accounts for the first half-year increased by KZT110,608 bn. (by 51%) and totaled KZT326,890 bn.; from them, KZT229.026 bn. is short term deposits, KZT11,559 bn. is to be called for.
As of April 1, 2007, Bank CenterCredit JSC is the sixth commercial bank in Kazakhstan with a wide branch network that has 20 structural departments and 144 centers of financial and retail services over the whole territory of the Republic. The bank has international ratings from the following agencies: Moody's: "Aa1" rating, and "AA-", Stable forecast from Fitch Ratings.
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