Kazkommertsbank reports results for nine months of 2014

10.12.14 16:43
/KASE, December 10, 14/ – Kazkommertsbank JSC (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release: quote JSC Kazkommertsbank announces its consolidated IFRS financial results for the nine months ended 30 September 2014. Highlights of the 9 months 2014 results: - Total assets increased by 59.8% to KZT 4,134 billion from KZT 2,586 billion as at year end 2013. - Total deposits increased by 37.2% year-to-date to KZT 2,308 billion. - Tier 1 Capital Adequacy ratio at 11.9%. - Total Capital Adequacy ratio at 13.6%. - Adjusted Net Interest Margin at 4.2%. - Net income amounted to KZT 20.0 billion for 9 months 2014 compared to KZT 22.4 billion for 9 months 2013 - Provisioning rate on loan portfolio at 59.0%. unquote The full press-release is available on KASE website in Russian at http://www.kase.kz/files/emitters/KKGB/kkgb_reliz_101214.pdf [2014-12-10]