/KASE, September 30, 14/ – Kazkommertsbank JSC (Almaty), whose securities are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
the following press-release of September 30, 2014:
quote
JSC Kazkommertsbank ("KKB" or the "Bank") (LSE: KKB; KASE: KKGB), one of the
largest banks in Kazakhstan and Central Asia, today announces its audited
consolidated IFRS financial results for the six months ended 30 June 2014.
Highlights of the 1H 2014 results:
- Kazkommertsbank completed the purchase of 46.5% of BTA common shares.
Meanwhile, JSC NWF Samruk-Kazyna transferred its remaining 4.26% in JSC BTA
Bank to the Bank under a trust agreement providing the Bank with operational
control of JSC BTA Bank.
- As the transaction was completed on the last day of the reporting period, it
affected only the balance sheet of consolidated financial statements for the
period ended 30 June 2014.
- Total assets increased by 67.9% to KZT 4,341 billion from KZT 2,586 billion
as at year end 2013
- Total deposits increased by 46.2% year-to-date to KZT 2,459 billion
- Tier 1 Capital Adequacy ratio at 13.1%
- Total Capital Adequacy ratio at 14.7%
- Adjusted Net Interest Margin at 3.9%
- Net income amounted to KZT 13.9 billion in 1H 2014 compared to KZT 14.8
billion in 1H 2013
- Provisioning rate on loan portfolio at 59.7%
unquote
The full version of the press-release is available on KASE website at:
-
http://www.kase.kz/files/emitters/KKGB/kkgb_reliz_300914.pdf – in Russian;
-
http://www.kase.kz/files/emitters/KKGB/kkgb_reliz_300914_en.pdf – in English.
[2014-09-30]