Baku, Azerbaijan, May 7
Trend:
The volume of assets of Kazakh commercial bank ForteBank in 2018 increased by 17 percent and amount to 1.689 trillion, Trend reports via financial report of the bank.
The net profit in 2018 increased by 47 percent and amounted to 29.108 billion tenge, the profit before tax increased by 37 percent and equals 94 billion tenge,” the report said.
“The bank’s liabilities increased by 19 percent in a year and amount to 1.488 trillion tenge, whereas the own capital of the bank increased by 3.3 percent and stands at 200.639 billion tenge,” the statement said.
“ForteBank has taken the fourth place by the volume of assets among 28 banks of Kazakhstan based on the results of 1Q2019,” reads the message.
1USD = 380.58 tenge on May 7, 2019