Kazkommertsbank Reports Its Activity Results
OREANDA-NEWS. On November 21, 2007 Kazkommertsbank JSC (Almaty), being the listing company of Kazakhstan stock exchange (KASE) had provided KASE with the press-release in which the following is informed, reported the press-centre of KASE:
Kazkommertsbank JSC - consolidated financial results for 9 months of year 2007.
Main indicators:
- Net income of the Bank for nine months of year 2007 increased by 96% compared to similar period of last year (growth from KZT21,827 m. for nine months, finished on September 30, 2006 to KZT42,777 m. for nine months finished on September 30, 2007).
- Net income before taxation increased by 87,43% against similar period of last year, from KZT29,424 m. to KZT55,150 m.
- Net interest income increased 2,1 times from KZT24,811 m. to KZT52,429 m.
- Net commission income increased by 50,42% from KZT10,706 m. to KZT16,104 m.
- Operation income increased by 78,34% from KZT43,410 m. to KZT77,418 m.
- Income per share increased by 38,91% from KZT51,14 to KZT71,04.
- Assets of Bank increased by 23,08% from KZT2,444 bn. as of December 31, 2006 to KZT3,008 bn. as of September 30, 2007.
- Shareholders capital of the Bank increased by 17,3% from KZT249 bn. to KZT292 bn..
- Volume of loans, provided to clients minus reserves fro depreciation of cost (net) increased by 44,4% from KZT1,679 bn. to KZT2,425 bn.
- Volume of funds on clients' accounts increased by 20,36% from KZT688 bn. to KZT828 bn.
- Volume of issued debt securities increased by 75,24% from KZT424 bn. to KZT743 bn.
- Return on equity coefficient as of September 30, 2007 made 19,5%.
Full version of press-release form Kazkommertsbank JSC, including results of business activity of Bank is available at http://www.kase.kz/emitters/scan/kkgb/kkgb_reliz_211107.pdf
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