OREANDA-NEWS. April 07, 2011. Kazkommertsbank announced results of its activities in 2010, based on consolidated financial statements prepared in accordance with IFRS, reported the press-centre of KASE.

2010 highlights

- Net profit is up 15.6% from KZT 19 bln in 2009 to KZT 22 bln.

- Total Bank assets increased by 3.9%.

- Gross loans to customers increased by 3% year-to-date to KZT 2,747 bln from KZT 2,666 bln at the beginning of the year.
                                                                                               
- Net loans to customers increased by 0.6% to KZT 2,175 bln as at 31 December 2010 from KZT 2,161 bln as at 31 December 2009.

- Deposits (excluding deposits under the Kazakh Government's stabilization programmes) increased 23.2% compared to Q4 2009.

- Retail deposits are up 37.8% year-to-date.

- Adjusted Net Interest Margin is 3.8%.

- Cost-to-income ratio of 22.4% (11.9% in 2009).

- Core Tier 1 ratio of 16.2% (15.9% in 2009).

- Total capital ratio of 20.1% (20.1% in 2009).

- Provisioning rate at 20.8% of gross loans.

- NPLs are 25.4% of gross loans.