OREANDA-NEWS. August 07, 2009. Nurbank (Almaty), securities of which are present in Kazakhstan Stock Exchange (KASE) official list, informed KASE that by results of six months of 2009, Nurbank demonstrated the quality growth on some financial indicators. Thus, as of July 1, 2009 in size of assets the bank took the 9th place among all STB; clients loans - 7th place, reported the press-centre of KASE.

The most significant results the bank showed in the net profit size: if in January 2009 Nurbank was on the 11th  place, then now it is on the 8th place among 38 banks, working in Kazakhstan and on the 4th place among Kazakhstan banks. The net profit for six months of 2009 increased almost by 4.5 times - from KZT129 m as of January 1, 09 to KZT570 m as of July 1, 09
                                                                   
Due to timely fulfillment of obligations on both the internal and the external loans, Nurbank significantly improved its funding structure. Thus, after repayment in April of the last syndicated loan to the amount of US100 m and repayment of the 4th coupon bonds issue to the amount of KZT10 bn, the largest stake in the bank funding structure is formed by deposits (62%). On eurobonds, the maturity period becomes in 2011, the bank timely pays the coupon interest  every 6 months to the amount of US 7 m. on credits within the trading funding for six months of 2009 were repaid KZT12,738 m. in addition, in April of 2009 the bank signed the Agreement with Islamic Trade Financial Corporation to the amount of US 5 m.

One of the important achievements is the confidence increase: the increase of clients deposits proves this. Given this deposits with fixed period increased by 16%: individuals by 58% (KZT9,068 m), and legal entities by 14% (KZT17,097 m).

The loan portfolio increased by 7.8% (KZT19,798 m), including 73.6% crediting of SMB. From July of 2008 to July of 2009 it increased by 70%. This became possible at the expense of the bank own funds in the amount of KZT69 bn, and resources allocated within the Fund Damu program in the amount of KZT14 bn.

In general the clients base increased from January 1 to July 1, 2009 by 4.5%, at this the number of clients - individuals increased by 10.3%, and legal entities by 14.2%.

The bank continues opening affiliates, including 17 additional affiliates in Kazakhstan main regions.

Nurbank invests to the card business development: the number of cash dispensers increased by 15%. At present the bank signed the agreement for procurement of 100 cash dispensers with five-year funding through European banks.

At present the bank is launching the Nur Zhausyn hypothecary loans program. The Nur Zhausyn hypothecary loans program intends allocation of funds for real estate procurement. Loans will be issued for 20 years with the maximum loan amount up to 70% from the real estate cost. The nominal rate as of the current date is 12.6% APR.