OREANDA-NEWS. December 02, 2010. Kazkommertsbank announced its operating results for nine months 2010 based on consolidated financial statements drawn up in accordance with the IFRS, reported the press-centre of KASE.

Major indicators

- Net profit of KZT 15.7 bn (USD 106.8 mn) up 7.7% from KZT 14.6 bn in the first nine months of 2009

- Total Bank assets increased by 4.3% in KZT terms compared to Q4 2009

- Gross loans to customers increased by 1.7% year-to-date to KZT 2,710 bn

- Net loans to customers were stable totaling to KZT 2,161 bn as at 30 September 2010

- Deposits (excluding deposits received under the Kazakh Government's stabilisation programmes) increased 15.0% compared to Q4 2009

- Retail deposits increased by 29.2% year-to-date

- Net Interest Margin of 3.7% (adjusted)

- Cost-to-income ratio increased to 22.8%  from 12.2% in 2009

- Core Tier 1 ratio of 16.0% (15.9% in 2009)

- Total capital ratio increased to  20.6% (20.1% in 2009)

- Provisioning rate of 20.3% of gross loans

- NPLs at 26,7% of gross loans

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The full pres-release is available on KASE website, at http://www.kase.kz/files/emitters/KKGB/kkgb_reliz_301110_.pdf