Profit of Kazakhstan’s Altyn Bank slightly down
Baku, Azerbaijan, Nov. 3
By Elena Kosolapova – Trend:
Kazakhstan’s Altyn Bank had 5.58 billion tenges (337.66 tenges = $1) of net profit in January-September 2016, according to the bank’s financial statements posted on the website of the Kazakhstan Stock Exchange (KASE).
The bank’s net profit reached 5.67 billion tenges in the same period of 2015.
The bank’s assets decreased from 324.32 billion tenges at the beginning of 2016 to 315.98 billion tenges in late September 2016. The capital of the bank increased from 34.05 billion tenges to 39.67 billion tenges in January-September 2016.
Altyn Bank’s liabilities reduced from 290.27 billion tenges to 276.32 billion tenges in this period.
Altyn Bank, a subsidiary of Kazakhstan’s Halyk Bank, previously known as HSBC Bank Kazakhstan, was established in Kazakhstan in 1998. With offices in four major cities in Kazakhstan and being a universal bank, Altyn Bank provides full range of products and services to corporate and retail clients across the country.
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