/KASE, August 28, 09/ - Kazkommertsbank (Almaty), a company listed on
Kazakhstan Stock Exchange (KASE), provided KASE with a press release dated
August 28, 2009:
Quotation beginning
Kazkommertsbank announces today its operational results for H1 2009, based on
consolidated financial statements compiled in accordance with IFRS with
auditor's review.
Highlights
- Net interest income (before impairment charges for provisioning) increased
by 7.2 % against the H1 of last year - to KZT106.2 bn.
- Net profit decreased by 71.1 % against the H1 2008 and reached KZT9.9 bn.
- Assets increased 7.2 % in KZT terms and decreased 13.9 % in USD terms
against the beginning of the year.
- Client's account balance increased in H1 2009 by 18.9 % in KZT terms and
decreased 4.5 % in USD terms.
- Ratio "operating expenses to operating incomes before provisioning" reached
9.9 %.
- Adequacy ratio of tier-1 reached 13.9 %.
- Adequacy ratio of own capital grew to 18.1 %.
- Ration of "credits to deposits" reduced to 208 % from 219 % as at YE2008
- Provisioning rate increased to 15.3 %.
- Net interest margin reached 8.4 %.
- Net profit per share reduced from KZT47.9 to KZT13.7
- National wellbeing fund Samruk-Kazyna acquired 21 % shares
- EBRD increased its shareholding from 8.5 % to 9.8 %
- The bank increases its participation in the government stabilization program.
Contact:
Aliya Nursipalatova, Investor Relations
Tel.: +7 (727) 258-51-25, E-mail: investor_relations@kkb.kz
Larissa Kokovinets, Public Relations
Tel.: +7 (727) 258-54-56, E-mail: pr@kkb.kz
Quotation end
The full version of press release is available at the KASE website at:
http://www.kase.kz/files/emitters/KKGB/kkgb_reliz_280809.pdf
[2009-08-28]