Baku, Azerbaijan, Oct. 28
By Elena Kosolapova – Trend:
Financial performance indicators of Kazakhstan’s Nurbank worsened in January-September 2016, according to the bank’s financial statements posted on the website of the Kazakhstan Stock Exchange (KASE) Oct. 28.
The bank’s profit in this period went down to hit 722.84 million tenges (332.6 tenges = $1) from 2.91 billion tenges in the same period of 2015.
Meanwhile, Nurbank’s operating revenue rose to 37.38 billion tenges in January-September 2016 as compared to 9.02 billion tenges in the same period of 2015.
The bank’s assets increased from 321.18 billion tenges at the beginning of 2016 to 397.35 billion tenges in late September 2016. The capital of the bank increased from 39.93 billion tenges to 41.75 billion tenges in January-September 2016.
Nurbank’s liabilities rose from 281.26 billion tenges to 355.61 billion tenges in this period.
Nurbank is one of the largest private banks in Kazakhstan. It provides a wide range of banking and other financial services to corporate clients, SMEs and individuals.
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