OREANDA-NEWS. April 18, 2012. Alliance Bank JSC has published audited consolidated financial statements under international financial reporting standards (IFRS) for the year-end 2011. These financial statements are subject to approval at the Annual general meeting of shareholders of Alliance Bank JSC, reported the press-centre of KASE.

As of December 31, 2011, equity of Alliance Bank totalled KZT 1 bn. 32 mln., an increase of KZT 106 bn. 67 mln. in comparison with the result of 2010 (as  of December 31, 2010, capital deficit under IFRS totalled KZT 105 bn. 35 mln.).

Assets of Alliance Bank JSC as of December 31, 2011 equalled to KZT 529 bn. 888 mln., an increase of KZT 102.3 bn. or of 24% in comparison with the result of 2010  (KZT 427 bn. 584 mln.).

Meanwhile the loan portfolio of the Bank (excluding provisions) increased by KZT 77 bn. or by 30% - from KZT 251 bn. 827 mln. as of year-end 2010 to KZT 328 bn. 784 mln. as of year-end 2011.

Liabilities decreased from KZT 532 bn. 619 mln. in 2010 to KZT 528 bn. 856 mln. in 2011, i.e. by KZT 3 bn. 763 mln. or by 0.7%. This occurred mainly due to decrease in the amount of subordinated debt and liabilities on debt securities issued.

Meanwhile the amount of current accounts and deposits from customers increased from KZT 208 bn. 798 mln. in 2010 to KZT 294 bn. 237 mln in 2011, i.e. by KZT 85.4 bn. or by 41%.