OREANDA-NEWS. April 18, 2011. Eurasian Bank announced its operating results for Y2010 in accordance with the audited non-consolidated IFRS statements. In harsh economic conditions of the post-crisis period the Bank managed to show positive dynamics on main financial ratios, reported the press-centre of KASE.

The Bank's assets rose by 11% in the reporting period reaching KZT355.5 bn by end of 2010. The Bank's aggregated capital went up 7% on 2009 making up KZT25.9 bn.

The increase in the Bank's assets is in many ways down to the growing loan portfolio which grew by 36% against 2009 reaching KZT212.7 bn. As a whole, the loan portfolio across commercial banking in Kazakhstan went down by 5.9% in 2010.

Loans to the corporate sector rose by 68% and made up 59% of the total loan portfolio as of January 1, 2011. Just for comparison, at the beginning of 2010 the corporate sector's share equaled 48% of the Bank's total loan portfolio. A significant rise in corporate loans was brought about by the Bank's focusing on major corporate customers with outstanding credit history. Such step was caused by the need to minimize risks associated with financing small and medium businesses (11% of the total loans outstanding), and loans to the retail sector (30% of the total amount of the loan portfolio) in time of financial turmoil.

Consequently, the aggregated indebtedness of the corporate sector in 2010 made up KZT129.0 bn, with the share of the retail sector at KZT59.1 bn and SME loans portfolio amounting to KZT24.6 bn.