Baku, Azerbaijan, Oct. 20
By Elena Kosolapova – Trend:
Kazakhstan’s Delta Bank 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 7.63 billion tenges (332.18 tenges = $1) in this period as compared to 5.21 billion tenges in the same period of 2015. Delta Bank’s operating revenues hit 23.43 billion tenges in January – September 2016 compared to 17.18 billion tenges in the same period of 2015.
The bank’s assets increased from 398.03 billion tenges in the beginning of 2016 to 509.73 billion tenges as of Oct. 1.
The capital of the bank increased from 48.35 billion tenges to 61.36 billion tenges in January-September.
Delta Bank’s liabilities rose from 349.68 billion tenges in the beginning of 2016 to 448.36 billion tenges in the end of September.
Delta Bank was founded in 1993. Initially it was focused on oil companies but in 2007 the bank adopted a new strategy aimed at developing retail and small and medium business. Delta Bank has 11 branches in different regions of Kazakhstan.
Follow the author on Twitter: @E_Kosolapova