14.10.2015, 09:27
Kazkommertsbank provides KZT147.0 bn to finance local entrepreneurs
OREANDA-NEWS. Kazkommertsbank JSC (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release:
"...In the third quarter of 2015 Kazkommertsbank allocated around KZT 147 billion to finance client projects, which is twice as much as for the second quarter of 2015.
“Upon completion of large-scale project on integration and deconsolidation of BTA in the second half of the year, KKB focused on traditional banking activities, including client service, growth of “healthy” loan book and of the business in general”, commented Chief Executive Officer of the Bank Mr. Magzhan Auezov.
The major funding volume, more than KZT 74 billion (KZT 37.6 billion in the second quarter of 2015) of the loans issued in the 3rd quarter of 2015 have been allocated to corporate clients, while another KZT 46 billion (KZT 23.2 billion in the 2Q15) and KZT 27 billion (KZT 17.1 billion in the 2Q15) loans were issued to SME and retail customers, respectively".
"...In the third quarter of 2015 Kazkommertsbank allocated around KZT 147 billion to finance client projects, which is twice as much as for the second quarter of 2015.
“Upon completion of large-scale project on integration and deconsolidation of BTA in the second half of the year, KKB focused on traditional banking activities, including client service, growth of “healthy” loan book and of the business in general”, commented Chief Executive Officer of the Bank Mr. Magzhan Auezov.
The major funding volume, more than KZT 74 billion (KZT 37.6 billion in the second quarter of 2015) of the loans issued in the 3rd quarter of 2015 have been allocated to corporate clients, while another KZT 46 billion (KZT 23.2 billion in the 2Q15) and KZT 27 billion (KZT 17.1 billion in the 2Q15) loans were issued to SME and retail customers, respectively".
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