ForteBank announces H1 2015 consolidated financial results

/KASE, September 1, 15/ – ForteBank JSC (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release: quote According to the interim condensed consolidated financial statements of JSC ForteBank in the first six months of 2015 the Bank's net profit amounted to KZT 5,707 mln compared to a negative financial result for the same period in 2014. Capital of the Bank increased by 7.5% for six months of 2015 and amounted to KZT 166,266 mln. Assets of the Bank decreased by KZT 64,362 mln since January 1, 2015 and amounted to KZT 844,884 mln., mainly due to sale of JSC "National Welfare Fund "Samruk-Kazyna" bonds for the amount of KZT 105 bln. in June this year. The Bank's loan portfolio decreased by 2.9% in comparison with the beginning of the year and amounted to KZT 544,901 mln. The Bank's liabilities decreased by KZT 75,922 mln. or 10.1% compared to the beginning of 2015 and amounted to KZT 678,618 mln. Deposit portfolio of the Bank decreased slightly - by 2.8% and totaled to KZT 499,124 mln. For the additional information, please contact: PR service of ForteBank JSC +7 (727) 258 40 40 (ext. 52854) e-mail: pr@fortebank.com unquote [2015-09-01]