Eurasian Bank Announces 8 Months 2011 Results
OREANDA-NEWS. September 08, 2011. Due to recent volatility on the local market in August, the management of Eurasian Bank has decided to release its August 2011 financial information on the Bank's website www.eubank.kz and to the press. Although the regular plan is only to release information quarterly, semi-annually and annually, releasing interim information is consistent with the Bank's goal of transparency, reported the press-centre of KASE.
All information is unaudited and according to KFN accounting standards.
After tax, net income for the month of August was KZT 776.1 million bringing the year to date results to a cumulative KZT 3.55 billion. This is compared to a cumulative loss of KZT 1.33 billion for the same eight-month period in 2010.
Other key financial highlights, all YTD:
- Loan growth of 16.4%
- Cost Income Ratio reduced further to 60.6%
- ROAE and ROAA has reached 19.1% and 1.5%, respectively
- Net Interest Margin has improved to 5.1%
- NPL coverage ratio is 122.2%.
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