Halyk Savings Bank Announced Financial Results for 1H
OREANDA-NEWS. September 02, 2010. Joint Stock Company 'Halyk Savings Bank of Kazakhstan' and its subsidiaries (together "the Bank") (LSE: HSBK) releases its condensed interim consolidated financial information for the six months ended 30 June 2010, reported the press-centre of KASE.
1H 2010 financial highlights
- Net income increased by 285.1 percent to KZT 16.6 billion from KZT 4.3 billion for 1H 2009
- Total assets increased by 7.8 percent
- Amounts due to customers increased by 15.8 percent
- Amounts due to individuals increased by 7.5 percent
- Current accounts increased by 27.7 percent
- Gross loans to customers decreased by 1.4 percent
- Total equity increased by 4.3 percent
- Net interest income (after impairment charge) increased to KZT 19.1 billion from net interest loss of KZT 5.5 billion for 1H 2009
- Net fees and commissions (excluding pension fund and asset management) increased by 9.6 percent for 1H 2010 compared to 1H 2009 and by 16.6 percent for 2Q 2010 compared to 1Q 2010
- Pension fund and asset management fees decreased by 63.2 percent to KZT 3.5 billion from KZT 9.4 billion for 1H 2009
- Other non-interest income decreased by 6.9 percent to KZT 11.1 billion from KZT 11.9 billion for 1H 2009 and increased by 5.0 percent for 2Q 2010 compared to 2Q 2009
- Operating expenses increased by 12.8 percent to KZT 20.2 billion from KZT 17.9 billion for 1H 2009.
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