OREANDA-NEWS. On May 31, 2007 JSC Kazkommertsbank, Kazakhstan’s leading bank, announced its financial results for the first quarter of 2007, reported the press-centre of  JSC Kazkommertsbank.

Highlights
Net profit increased by 61,6% from KZT 7,741 million in the first quarter 2006 to KZT 12,507 million in the first quarter 2007

Net profit before income tax increased by 62,4% from KZT 10,729 million to KZT 17,421 million

Net interest income increased by 60,6% from KZT 11,018 million to KZT 17,692 million

Net commission income grew by 59,9% from KZT 2,893 million to KZT 4,626 million

Operating income increased by 68,9% from KZT 15,004 million to KZT 25,336 million

Earnings per share increased by 6,7% from KZT 19,56 to KZT 20,87

Total assets increased by 4,5% from KZT 2,444 billion as at 31 December 2006 to KZT 2,555 billion as at 31 March 2007

Total equity increased by 4,4% from KZT 249 billion to KZT 260 billion

Loans to customers less allowance for impairment losses increased by 9,4% from KZT 1,679 billion to KZT 1,836 billion

Customer accounts increased by 6,7% from KZT 688 billion to KZT 734 billion

Debt securities issued increased by 52,4% from KZT 424 billion to KZT 646 billion.