/KASE, April 19, 2018/ – Qazaq Banki (Almaty), whose securities are officially
listed on Kazakhstan Stock Exchange (KASE), has provided the following press
release to KASE:
quote
Qazaq Banki joint-stock company (hereinafter, the Bank) informs as follows
about the meeting on the activities of the National Bank of Kazakhstan held on
April 18, 2018.
As at April 1, 2018, assets of Qazaq Banki amounted to KZT 339 bn including
credit portfolio of KZT 273 bn. Liabilities amounted to KZT 290 bn including
clients’ funds of KZT 190 bn. The Bank's shareholders' equity amounted to KZT
48 bn including share capital of KZT 39 bn. Operating revenue for 3 months of
2018 amounted to KZT 2,551 mln.
Deterioration of some indicators of the Bank was primarily a consequence of
poor quality of loans issued during the period from 2013 to 2016 when the Bank
was managed by the persons appointed by Zh.Zh. Yertayev and B.Zh. Ibragim
(major participant). Most of these loans were provided to borrowers that are
directly related to the above persons. Also, there was an outflow of liquidity
from the Bank at the end of 2017 amid developments with Bank RBK JSC, which was
also managed by persons connected with Zh.Zh. Yertayev.
unquote
Full version of the press release is posted on the KASE website (in Russian) –
http://kase.kz/files/emitters/SNBN/snbn_reliz_190418_1_.pdf
[2018-04-19]