Kazkommertsbank (Kazakhstan) announced results for nine months of 2012

07.12.12 15:00
/KASE, December 7, 12/ - Kazkommertsbank (Almaty), securities of which are officially listed on Kazakhstan Stock Exchange (KASE), provided to KASE the following press release of December 7, 2012: quotation Kazkommertsbank announced results for 9 months of 2012 based on consolidated financial statements, developed in compliance with IAS. Highlights - Net profit is up 9.4% to KZT19.6 billion from KZT17.9 billion as of the similar date of 2011. - Gross loans are up 4.8% year-to-date. - Retail deposits are up 8.9% year-to-date. - Adjusted Net Interest Margin increased to 3.8%. - Cost-to-income ratio made up 21.2% if compared with 25.9% in 2011. - Core Tier 1 ratio of 18.2%. - Equity capital is 22.0%. - Provisioning rate on clients loans increased to 25.1%. - NPLs made up 28.7% of gross loans. ends The press release full version is available on KASE website at http://www.kase.kz/files/emitters/KKGB/kkgb_reliz_071212.pdf [2012-12-07]