/KASE, March 20, 2018/ – Kazkommertsbank (Almaty), whose securities are officially
listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following
press release dated March 20, 2018:
quote
Kazkommertsbank («KKB» or «Bank») announces results of its 12M2017 activities,
which are based on the data of the Bank’s consolidated financial statements
prepared in compliance with IFRS.
"The Y2017 negative financial result of Kazkommertsbank is the technical
reflection of the losses, which occurred during the previous reporting periods.
As a result of the major shareholder replacement and joining to the largest
financial group of the country — Kazkommertsbank experienced the record breaking
capital inflows in 2H2017, which enabled it to resume its activities in the bank
market. This allowed us to close the period from July 5, 2017 through December
31, 2017 with the revenue of KZT 16,6 bn. In addition, Qazkom is striving to
join Halyk Bank its Parent Bank in 2H2018 in order to continue development of
its leading products and high-tech banking services, to which our customers got
used", — Ulf Wokurka, CEO of JSC Kazkommertsbank commented.
unquote
Full version of the press release is posted on the KASE website (in Russian) –
http://www.kase.kz/files/emitters/KKGB/kkgb_reliz_200318_1.pdf
[2018-03-20]