Kazakh Bank RBK sharply increases assets in 2012
Azerbaijan, Baku, June 6 / Trend E. Kosolapova/
Kazakh Bank RBK increased its assets by 2.3 times to 88.7 billion tenge (151.35 tenge = $1) in 2012, the bank reported on Thursday.
"Due to the adopted successful strategy, the bank's assets increased by 128 percent or by 49.8 billion tenge - to 88.7 billion tenge in the reporting period," the bank said.
The bank's net interest income increased by more than 4 times up to 4.1 billion tenge in 2012. Net non-interest income grew by 3.75 percent to 1.2 billion tenge. The bank's profit hit 400.6 million tenge.
The total amount of cash, cash equivalents and marketable securities portfolio hit 20.9 billion tenge or 24 percent of the bank's assets at the end of the reporting period.
The volume of bank's gross loans to economy increased by 3.2 percent and hit 67.3 billion tenge as of Dec. 31 2013. The share of outstanding loans with over late payments over 30 days hit 1.6 percent.
The bank's authorized stock capital almost tippled in the reporting period and hit 14.5 billion tenge.
Bank RBK is the Kazakh bank connected with the mining and smelting sector of the economy.