Bank CenterCredit JSC (Kazakhstan) informed about results of its activities for Q3 of year 2007

29.10.07 12:39
/KASE, October 29, 07/ - Bank CenterCredit JSC (Almaty), shares and bonds of which are traded in Kazakhstan stock exchange's (KASE) category "A" official list had provided KASE with the press-release in which the following is informed: Quotation begin According to non-consolidated financial statement of Bank CenterCredit JSC for the third quarter of year 2007 financial indicators of the bank in the current year had demonstrated good rates of growth. Assets of Bank CenterCredit JSC for 9 months of year 2007 increased by KZT336.498 bn. or 58.9%, and as of October 1 made KZT907.452 bn. At that loan portfolio of the bank since the beginning of current year increased by KZT247.141 bn. or 61.2%, and reached the level of KZT651.068 bn. Shareholders equity of the bank as of October 1, 2007 made KZT64.440 bn., having increased in comparison to beginning of year by KZT24.671 bn. or 62%. By rates of growth of assets and shareholders equity Bank CenterCredit JSC takes one of the leading places among big banks of Kazakhstan. Net income of the bank for 9 months of year 2007 made KZT9.541 bn., what is significantly - by KZT4.169 bn. or 77.6% - exceeds the income for similar period of year 2006 (KZT5.372 bn.). Bank obtains the wide subsidiary network, including as of October 1, 2007 20 subsidiaries and 160 structure subdivisions on the territory of Republic of Kazakhstan. International rating agencies Moody's Investors Service and Fitch Ratings remained without changes the long-term credit ratings of Bank CenterCredit JSC ("Ва1" and "ВВ-" correspondingly), and also forecasts on them ("stable" for each rating). Bank CenterCredit JSC enters the 6 largest banks of republic. Additional information is available at PR manager of Bank CenterCredit JSC Mambetova Zhannaby tel. 259-86-03 e-mail: zmambeto@centercredit.kz Quotation end [2007-10-29]