OREANDA-NEWS. On October 19, 2007 Kazkommertsbank JSC (Almaty), being the listing company of Kazakhstan stock exchange (KASE), provided KASE with the press-release of next contention, reported the press-centre of KASE:

October 18, 2007, Almaty - Non-consolidated non-audited (preliminary) statements of Kazkommertsbank for January - September of current year had confirmed the high indicators of work the leading bank of the country.

So, net income of the bank for 9 months of year 2007 made $331 m., while for the similar period of last year it made $165 m. Two times' growth was reached by the growth of net interest incomes by 145,6%, and also by growth of net commission incomes by 55,6%.

Along with net income, had increased significantly the other main indicators of bank's work. For example, growth of bank's assets for 9 months of current year made 27,3% ($23,166 bn. as of September 30, 2007 in comparison to $18,205 bn. as of December 31, 2006).

Growth of volumes of loans to clients minus reserves for devaluation made 52,4% ($18,276 bn. - by results of 9 months of year 2007 and $11,989 bn. as of beginning of year). By 28,8% ($6,551 bn. and $5,087 bn. correspondingly) had increased the volume of funds on accounts of clients.

Volume of capital of the bank increased by 23%, making as of September 30, 2007 $2,407 bn. against $1,957 bn. as of beginning of year. Return on equity as of September 30, 2007 was equal to 19,5%.

Commenting the results of Bank's work, chairman of Board of Kazkommertsbank JSC Nina Zhusupova told that "results of activity of Kazkommertsbank for 9 months of current year are better than any announcements showing that the state of Bank is stable, that corporate clients are believe in Bank and Bank do believe in them, that plans for developing of retail network are executing ion full measure".