OREANDA-NEWS. November 22, 2010. ATFBank (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), provided to KASE a press release about UniCredit Group's performance results for nine months of 2010б reported the press-centre of KASE:

CONSOLIDATED FINANCIAL STATEMENTS FOR NINE MONTHS OF 2010: NET INCOME MADE UP EUR1.165 BN (WHICH IS 12.5% LESS THAN LAST YEAR), EARNINGS BEFORE TAXATION ROSE TO EUR2.713 BN (+1.2% COMPARED WITH LAST YEAR), WITH GOODWILL'S 2ND QUARTER  AMORTIZATION (EUR162 M) SUBTRACTED.

POSITIVE TREND IS TO ASSUME FOR (COMPARED WITH LAST YEAR) FOR NET FEE INCOME, OPERATING COSTS AND BAD LOAN RESERVES. NET INTEREST INCOME IS STABLE DESPITE PERSISTING UNFAVOURABLE ENVIRONMENT.

STRONG BALANCE SHEET AND REGULATORY CAPITAL ARE SUSTAINABLE (1ST LEVEL FIXED CAPITAL RATION MAKES UP 8.61%, WHICH IS 20 B.P. HIGHER THAN PREVIOUS QUARTER).

FIRST NINE MONTHS 2010:

- The Group's net income share is EUR1.003 bn, being EUR1.165 bn minus goodwill   amortization in 2nd quarter 2010 (EUR162 m), which is a slight decrease versus last year (-EUR166 m compared with last year), despite a tax rate increase

- Earnings before taxation were not affected by increased taxes and rose (with goodwill amortization subtracted) by 1.2% compared with last year, effectively reaching EUR2.713 bn

- Operating income makes up EUR19.793 bn, decreasing by 7.9% compared with last  year on the same basis under currency fluctuations and changing consolidation perimeter; trading revenues went down by 39.5%

- A positive trend is to detect with regard to operating costs (+0.7% compared with last year on the same basis under currency fluctuations and changing consolidation perimeter) and bad loan reserves (-18.6% compared with last year on the same basis under currency fluctuations and changing consolidation perimeter)

- A noticeable strengthening of the balance sheet and regulative capital: 1st level capital sufficiency ratio makes up 8.61%, 1st level capital's benchmark reached 9.67%