Baku, Azerbaijan, Oct. 20
By Elena Kosolapova – Trend:
Kazakhstan’s Tengri Bank considerably improved financial indicators in January-September 2016, according to the bank’s financial statements posted on the website of the Kazakhstan Stock Exchange (KASE) Oct. 20.
The bank had a net profit of 1.04 billion tenges (332.18 tenges = $1) in this period as compared to 184.64 million tenges in the same period of 2015.
The bank’s assets increased from 54.61 billion tenges in the beginning of 2016 to 92.03 billion tenges in the end of September.
The capital of the bank increased from 22.01 billion tenges to 22.94 billion tenges in January-September.
Tengri Bank’s liabilities rose from 32.6 billion tenges in the beginning of 2016 to 69.09 billion tenges in the end of September.
Tengri Bank is a commercial bank providing a wide range of banking services to legal entities as well as individuals. The bank is focused on providing services to small and medium-sized business entities, as well as individuals with high and average income.
The bank was founded in 1992 under the name of Danabank. In 2010 it was renamed to Punjab National Bank – Kazakhstan and later to PNB Kazakhstan Bank.
In March 2016, the bank changed its name to Tengri Bank.
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