Baku, Azerbaijan, Nov. 26
By Elena Kosolapova - Trend: Kazakhstan's Eurasian Bank increased its net profit by 30 percent to 8.7 billion tenge (152.77 tenge = $1) in the first nine month of 2013 compared to the same period of 2013, the bank said on November 26.
The bank's consolidated financial statements under International Financial Reporting Standards (IFRS) contain this data.
The bank's assets rose by 18.6 percent to 558.2 billion tenge in January- September, loan portfolio grew by 20.7 percent to 428.1 billion tenge.
The Eurasian Bank increased its equity by 14 percent to 54.5 billion tenge in the reporting period.
The volume of loans granted to population increased by 73.5 billion tenge in this period. The deposits base of individuals has increased by 1.3 times to 127.9 billion tenge.
The client base of Eurasian Bank exceeded 814,000 people in Kazakhstan as of the end of September 2013.
Eurasian Bank is a universal commercial bank offering products and services to clients in all segments. The Bank was founded in 1994. It covers all regions of Kazakhstan with almost 1700 points of sales including 20 full-service branches and 121 outlets.
Kazakhstan’s Eurasian Bank ups net profit
Kazakhstan’s Eurasian Bank increased its net profit by 30 percent to 8.7 billion tenge (152.77 tenge = $1) in the first nine month of 2013 compared to the same period of 2013