/KASE, May 15, 2025/ – ForteBank JSC (ticker KASE – ASBN) reported the following:

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ForteBank releases interim financial statements for Q1 2025. Despite ongoing pressure from the macroeconomic environment, the bank demonstrates steady revenue growth, asset growth and high profitability

Financial results: stable dynamics

• Net profit amounted to 45.885 bn tenge, which is 33% more than for the same period last year (Q1 2024: KZT 34.571 bn). The increase in profit was made possible by the growth of interest income and effective management of operating expenses.
• Net interest income increased by 23% and amounted to KZT 71.759 bn (Q1 2024: KZT 58.240 bn), which was due to an increase in income from the loan portfolio and investment securities.
• Net income from foreign exchange transactions doubled to KZT 14.620 bn due to high volatility and positive revaluation of currency positions.
• Net commission income amounted to KZT 4.5 bn, almost at last year's level

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The full version of the press release is available at see more

[2025-05-15]