Kazakhstan’s Eurasian bank operates at loss
Baku, Azerbaijan, May 2
By Elena Kosolapova – Trend:
Kazakhstan’s Eurasian bank had 6.259 billion tenges (314.4 tenges = $1) of net loss in 1Q2017 as compared to 5.029 billion tenges loss in the same period of 2016, according to the bank’s financial statements posted on the website of the Kazakhstan Stock Exchange (KASE).
The bank’s revenues in this period hit 291.81 million tenges compared to 789.32 million tenges in 1Q2016.
The bank’s assets increased from 1.006 trillion tenges in the beginning of 2017 to 1.035 trillion tenges at the end of March.
The capital of the bank decreased from 95.82 billion tenges to 89.85 billion tenges in January-March 2017. Its liabilities increased from 910.04 billion tenges to 945.5 billion tenges in the reporting period.
Eurasian bank founded in 1994 is one of the largest banks in Kazakhstan. It has offices in the regions of Kazakhstan and a subsidiary bank in Russia (Moscow) with branches in Novosibirsk, Omsk and Chelyabinsk.
Follow the author on Twitter: @E_Kosolapova