Profit of Halyk Bank of Kazakhstan has increased 2.8 times as much in comparison with last year

/IRBIS, October 21, 02/ - Today press-service of Halyk Bank of Kazakhstan OJSC (Almaty) distributed press-release, in which it is said that the bank's net income as of October 1 of 2002, which was calculated in accordance with Kazakhstan accounting standards, increased 2.8 times as much to KZT1.132bn ($7.3m) in comparison with similar period of last year. Assets of Halyk Bank of Kazakhstan OJSC reached by October of the current year KZT185bn ($1.197bn), authorized capital, in comparison with the beginning of the year, rose by KZT2.25bn and equaled to KZT7.673bn ($49.7m). The bank's shareholders' equity increased by KZT6.789bn (63.4%) and equaled to KZT17.492bn ($113.2m). It is also informed in the press-release that the loan portfolio will continue to grow (by 24%) - volume of credits granted to clients increased to KZT104.7bn ($677.67m). The share of Halyk Bank of Kazakhstan OJSC among plastic cards users in the country has reached 76.3%. The bank has issued 1.089m payment cards Visa and MasterCard. The bank's governing body believes that one of the most important criteria of the progress in the bank's development is growth of deposit base. Out of total deposit base in the amount of KZT138.4bn ($895.8m) demand deposits reached KZT51.4bn ($332.8m), term deposits reached KZT87bn ($563m). Increase on term deposits equaled as compared with the beginning of the year to KZT11.5bn. Branch network of Halyk Bank of Kazakhstan OJSC as of October 1 of 2002 comprises 624 structural subdivisions, including 20 oblast and regional, 147 district branches and 457 cash-settlement offices. [2002-10-21]