OREANDA-NEWS. February 20, 2012. At a regular meeting of JSC "Nurbank" Board of Directors, Mukhtar Idrisov was appointed the new Chairman of Management Board, reported the press-centre of KASE.

Mr. Idrisov expressed his gratitude to the Board of Directors for the trust shown and pointed out that Nurbank's operating principles will remain unchanged and  based on the bank's mission and merits - transparency, openness, and professionalism.

Currently, Nurbank keeps sticking to a moderately conservative policy of development, focusing on internal funding sources, moderate increase of assets, investing in the development of high-quality products and services for its clients.

As of now, the Bank does not have large external borrowings, and the portion of external debt in the Bank's funding sources is one of the lowest amongst the 10 largest bank of Kazakhstan. In 2011, JSC "Nurbank", whose shares and bonds are traded at Kazakhstan Stock Exchange (KASE) in category "A", made a regular full repayment of five-year Eurobonds, issued in 2006 to the amount of USD150 m, with a half-year coupon interest of 9.375 % APR. That repayment was made out of own proceeds of the Bank.

According to consolidated financial statements, upon the results of Y2011 H1, the net income made up KZT794.7 m. Assets as of July 1, 2011 made up KZT308.8 bn, net worth - KZT71.2 bn.

Nurbank has 16 branches and 54 universal banking service centers and additional branch spaces in all regional centers of the country.