Halyk bank intends to increase this year net profit by 50%

/INTERFAX-KAZAKHSTAN, Almaty, July 20, 05/ - Commercial Halyk bank (HB) of Kazakhstan planned by the results of the current year to get net profit in the amount more than KZT12 bn. (current 136.12/$1). "Taking into account, that we in the first half of the year are coming with big overfulfillment on many financial indexes, we hope, that annual indexes we are able to overfulfill. Particularly, this year we are planning to get net profit in the amount more than KZT12 bn.", - announced chairman of the board of HB Grigoriy Marchenko at press conference on Wednesday in Almaty. As it was informed, by the results of 2004 bank's net profit equaled to KZT8.1 bn. - with growth by 61.5% to the level of 2003. Growth of net profit this year, as announced first deputy chairwoman of the board of HB Asiya Syrgabekova, who participated at press conference, the bank intends to provide due to increase of bank's loan portfolio on corporate clients, and also "very good credits on retail and small and medium size business". Along with this she considers, that increase of bank's assets will "correspond this year to planned growth of profit". Characterizing results of bank's main financial indexes in the first half of this year, A.Syrgabekova informed, that during the above period net profit of HB equaled to KZT4.6 bn. (in the I half of 2004 - KZT6.7 bn.), what by 44% exceeds planned for this period. Also A.Syrgabekova explained, that in the reporting period there is no decrease of this index in real expression, as bank's main profit in the first half of the year was "spent for reserves, particularly, connected with financing of project of energy company Almaty Powers Consolidated, and also contracts on projects of national companies Kazakhstan temir zholy (railroad) and KazMunaiGas (oil production, transportation, processing). "That is why we cannot say that there is decrease of profit in the first half of the year, because total dynamics of growth of main financial indexes are very good. Moreover, we have good start, and we now comfortably feel ourselves on provisions", - she stressed. Along with this, according to A.Syrgabekova, during the first half of the year assets of HB grew by a quarter and equaled by the end June KZT498.5 bn. Main part of growth of this index - by 86.7% - provided increase of loan portfolio, total volume of which increased from the beginning of the year by 32.9% - to KZT351.2 bn. According to her information, for crediting of companies and enterprises at present 68.3% bank's total loan portfolio is pent. Along with this, she stressed, "rapidly" in the reporting period portfolio of population crediting grew, having increased by 58.6% to KZT112.1 bn. "Successfully", she stressed, in the first half of the year also developed program of mortgage crediting in the bank. So, bank's liabilities on these credits in comparison with the beginning of the year increased by 25.8% and equaled by the end of June to KZT457.6 bn. During passed six months of the current year growth of deposits from population in HB equaled to 13.4%, and by the end of June equaled to KZT125 bn. Banks' balance own capital during six months of the current year grew by 19.1%, and equaled by the end of June to KZT40.9 bn. Growth of own capital, according to A.Syrgabekova, was provided by successful floatation of shares emission and due to bank's current profit. HB is one of three big banks of the republic. [2005-07-20]