Delta Bank announces increase in net income based on results of first half-year of 2014

/KASE, July 21, 14/ – Delta Bank JSC (Almaty, hereinafter – the Bank), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), today provided KASE with the following press-release: quote Delta Bank in the first half-year of 2014 received net income to the amount of KZT2.9 bn, which is 2.3 times higher than the indicator of the corresponding period of 2013, it is said in the non-audited financial statements of the bank according to the IFRS. The bank's net income before taxation in the reporting period increased 2.4 times making KZT3.379 bn. The equity for six months of 2014 increased by 37%, to KZT30.471 bn, with the share capital increasing by KZT5 bn, to KZT20.5 bn. The bank's assets since the beginning of the current year increased by 25.1% and reached as of July 1 KZT238.087 bn, liabilities – by 23.6%, to KZT207.615 bn. One of factors of increase in the assets was an increase in the loan portfolio to KZT45.6 bn (28.2%), to KZT207 bn, funded by an increase of 29% in liabilities towards clients and inter-bank loans, who balance as of the reporting date made up KZT177.6 bn. Ratios of profitability made up: ROAA – 2.69%, increasing compared to the similar period of 2013 by 57%; ROAE – 21.29% with an increase of 63%, accordingly; Cost-to-income made up 15%. Delta Bank is a joint-stock company, created and operating in Kazakhstan since 1993. Main shareholders are individuals. According to the FSC, the bank based on 2013 results occupied the 16th place among 38 Kazakhstan banks regarding the volume of assets, the 14th place regarding the volume of the loan portfolio. unquote [2014-07-21]