ATFBank Announces 1H Operation Results of UniCredit Group
OREANDA-NEWS. August 23, 2010. Almaty-based ATFBank, listing on Kazakhstan Stock Exchange (KASE), provided KASE with the press release, reported the press-centre of KASE:
FIRST HALF OF Y2010:
- The group's net profit reached EUR669 m, EUR831 m net of EUR162 m in depreciation of intangible assets with insignificant reduction against the same period last year (-EUR106 m) despite high tax rates (+5.0 points to 41.2%, calculated without account to depreciation of intangible assets)
- Operational profit at EUR13299 m, -9.0 % on year-to-year basis, based on the constant currency rate and values received after reduction of the revenues from commercial activities by 36.6 %
- Positive trend in current expenses (+0.7% on YTY basis, based on the permanent currency rate and available values) and reserves for possible losses on loans (-14.4% against the same period last year, based on the permanent currency rate and available values)
- Manifest strengthening in assets vs liabilities structure and capital sufficiency coefficients against June 2009: First tier basic capital at 8.41% and first tier capital at 9.38%.
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