First Heartland Jýsan Bank reports completion of audit of financial statements for 2018

31.07.19 20:11
/KASE, July 31, 2019/ – First Heartland Jýsan Bank (Nur-Sultan), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE as follows: quote First Heartland Jýsan Bank reports completion of audit of financial statements for 2018 conducted by KPMG, an international audit firm. According to the consolidated financial statements, the Bank’s assets according to the 2018 results (then Tsesnabank) decreased by 26% compared to 2017 and came to KZT1,689.1 bn. The Bank’s liabilities decreased by 29% compared to 2017 and came to KZT1,472 bn. The Bank’s equity decreased by 1% compared to 2017 and came to KZT217.2 bn. Tsesnabank’s losses for 2018 amounted to KZT6.6 bn while net profit received in 2017 amounted to KZT50.6 bn. However, the auditors expressed adverse opinion on Tsesnabank’s financial statements for the last year. Inadequate provisions formed on the Bank’s assets in 2018 that could be material for December 31, 2018 and December 31, 2017 served as the basis for this opinion of the auditors. unquote This information is available (in Kazakh and Russian) at – http://kase.kz/en/issuers/TSBN/y2019g7 [2019-07-31]