Baku, Azerbaijan, Aug. 18
By Elena Kosolapova - Trend:
Joint Stock Company 'Halyk Savings Bank of Kazakhstan' and its subsidiaries in the first half of 2015 decreased net income by 13.7 percent compared to the same period in 2014, to 55.3 billion tenge, said the message of the bank. (188.35 tenge=$1)
Net interest margin is up to 6.7 percent per annum (5.6 percent per annum for the first half of 2014), said the message.
Cost-to-income ratio is at 30.3 percent (26.8 percent for the first half of 2014), according to the message.
Return on average equity (RoAE) is at 23.3 percent per annum (32.1 percent per annum for the first half of 2014), said the bank.
Return on average assets (RoAA) is at 3.9 percent per annum (4.7 percent per annum for the first half of 2014), the bank said.
Total assets of the bank increased by 5.2 percent compared to late 2014 mainly in amounts due from credit institutions (70.7 percent), cash and cash equivalents (14.8 percent), property and equipment (14.2 percent) and loans to customers (6.7 percent), partially offset by decrease in available-for-sale investment securities (-20.4 percent).
Loans to customers increased by 5.5 percent on a gross basis and by 6.7 percent on a net basis compared to late 2014. The decrease in term deposits was due to partial withdrawal of funds by some corporate clients in the first quarter of 2015 to finance their on-going business needs.
Term deposits of individuals decreased by 10.4 percent and current accounts of individuals increased by 4.0 percent compared to late 2014. The decrease in term deposits was due to partial withdrawal of funds by some clients in the first quarter of 2015 and the second quarter of 2015.
Amounts due to credit institutions increased by 11.1 percent compared to late 2014 mainly due to loans drawn by the bank from government entities within the framework of economy state support programs.
Total equity of the bank remained flat compared to late 2014, said the message.
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