Kazkommertsbank JSC (Kazakhstan) informed about results of its activities for the first half-year of year 2007

21.08.07 20:09
/KASE, August 21, 07/ - Kazkommertsbank JSC (Almaty), shares and bonds of which are traded in Kazakhstan stock exchange's (KASE) category "A" official list provided KASE with the press-release of next contention: quotation begin Almaty, Kazakhstan, August 20, 2007 - Kazkommertsbank JSC, the leading bank of Kazakhstan announces today its financial results for the first half- year of year 2007. Main indicators: - Net income increased by 56.4% from KZT17.208 m. in first half-year of year 2006 to KZT26.907 m. for the first half-year of year 2007. - Net income before taxation increased by 73.2% from KZT19.966 m. to KZT34.585 m.. - Net percentage income increased by 64.1% from KZT19.158 m. to KZT31.443 m.. - Net commission income increased by 67.4% from KZT6.500 m. to KZT10.882 m.. - Operation income increased by 77.3% from KZT27.518 m. to KZT48.777 m.. - Income per share increased by 33.6% from KZT43.89 to KZT58.62. - Total assets increased by 24.5% from KZT2.444 bn. as of December 31, 2006 to KZT3.043 bn. as of June 30, 2007. - Capital increased by 10.9% from KZT249 bn. to KZT276 bn. - Loans to clients minus provisions for losses from depreciation of cost increased by 41.3% from KZT1.679 bn. to KZT2.373 bn. - Remains on clients' accounts increased by 38.3% from KZT688 bn. to KZT951 bn.. - Volume of issued debt securities increased by 60.5% from KZT424 bn. to KZT681 bn.. - Coefficient of return on equity (ROE) as offend of first half-year of year 2007 makes 18.6. Notes: About Kazkommertsbank JSC Being founded in year 1990 Kazkommertsbank is one of the leading banks of Kazakhstan. As of July 30, 2007 Bank was the leader on size of assets, given loans and borrowed deposits. As of July 30, 2007 Bank has the subsidiary network, consisted from 24 subsidiaries and 124 departments. Also Bank has the wide spread network of sales of banking products, including Internet-banking, 658 cash dispensers, about 6000 POS-terminals and also the call-center. Quotation end Full version of mentioned press-release of Kazkommertsbank JSC, including results of business activity are available at http://www.kase.kz/emitters/scan/kkgb/kkgb_reliz_200807.pdf [2007-08-21]