Development Bank of Kazakhstan ups profit
Baku, Azerbaijan, Nov. 21
By Elena Kosolapova - Trend: Development Bank of Kazakhstan increased its net profit from 18.1 billion tenge ($1=153 tenge) in January-September 2012 to 27.2 billion tenge in the same period of 2013, Novosti-Kazakhstan reported today.
This was stressed in the company's consolidated financial statements under International Financial Reporting Standards (IFRS).
The bank's assets in the period decreased by 3.3 percent to 1.031 trillion tenge, the loan portfolio grew by 17 percent to 401.8 billion tenge. The bank's liabilities reduced by 4.7 percent to 780.8 billion tenge.
The bank's equity hit 250.1 billion tenge as of October 1, 2013 (a 1.2 percent increase compared to early 2013).