Kazkommertsbank announces 9M 2016 performance indicators

29.12.16 17:40
/KASE, December 29, 2016/ – Kazkommertsbank (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release: quote JSC Kazkommertsbank, one of the largest banks in Kazakhstan and Central Asia, today announces its audited consolidated IFRS financial results for the nine months ended 30 September 2016. Highlights of 9 months 2016 results: - Net income before taxation amounted to KZT 64.5 billion for the first 9 months of 2016 compared to net loss of KZT5.8 billion for the first nine months of 2015. - Total assets increased by 0.9% to KZT 5,139 billion compared to KZT 5,094 as at year end 2015. - Customer deposits increased by 4.4% to KZT 3,472 billion from KZT 3,325 billion as at year end 2015. - Capital Adequacy ratio based on NBK methodology at 13.1% compared to 11.5% as at year end 2015. - Non-performing loans in accordance with NBK methodology decreased to 7.99% as at 1 October 2016 from 8.9% as at year end 2015. unquote The full press release is available on KASE website (in Russian) – http://www.kase.kz/files/emitters/KKGB/kkgb_reliz_291216_2.pdf [2016-12-29]