OREANDA-NEWS. On April 02, 2008 subsidiary of Bank TuranAlem joint stock company - Temirbank joint stock company (Almaty, in the headline - Temirbank JSC), being the listed company of Kazakhstan Stock Exchange (KASE), provided KASE with the press release, in which informs that on April 1, 2008, the bank implemented the press-conference, where reported results of the bank activities for 2007 and presented the assessment of the current situation in the banking sector of Kazakhstan, reported the press-centre of KASE. 

"The bank portion in the retail segment increased from 6,4% at the beginning of 2007 and to 7,8% at the end of 2007. Until the end of 2008, the planned market portion will make up not less 9%. According to the Chairman of the Temirbank Board Ablakhat Kebirov, the bank's sustainable position on the market and excellent growth of all indicators of financial and economical activities, even in under unfavorable conditions of the financial instability, emerged during the first half of 2007, proved the correctness of chosen in the previous years strategy aimed at development of the retail course", - informs the press release.

The press release reports that according to the audited consolidated financial statements on the International Accounting Standard for 2007, the bank assets increased by 64,5 % up to KZT333,9 bn. The bank's net profit for 2007 made up KZT7,4 bn., the own capital increased up to KZT48,3 bn. ROA (return on assets) made up 2,75 %, ROE (return on equity) - 21 %. The loan portfolio volume at the end of 2007 increased by 80,9 % and made up KZT274,8 bn., the volume of issued loans - KZT203,9 bn.

"The bank managers emphasized that in the second half of the year, the volume of loans issue was lower than in the second half due to the general situation on the financial market in Kazakhstan and abroad", - reports the press release.

According to the bank's information, in the last year the focus was made on extension of the credit and deposit bar, development of innovative technologies (Internet - and mobile banking, cards). In addition, in 2007 was increased the number of affiliates up to 21, banking centers - up to 119.

The full version of the press release is available on the KASE site at http://www.kase.kz/emitters/scan/tebn/tebn_reliz_010408.pdf