Eurasian Bank Increased its Net Profit under IFRS by 30%
OREANDA-NEWS. December 03, 2013. Eurasian Bank earned KZT 8.7 bln of Net Profit during 9 months of 2013 (comparing to KZT 6.7 bln for the same period 2012) according to IFRS Consolidated Financial Statements. All key indicators keep on growing successfully: the Bank’s assets have risen by 18.6% during three quarters of the current year to KZT 558.2 bln, loan portfolio has grown by 20.7% to KZT 428.1 bln.
At the same time Eurasian Bank has increased its equity by 14.0% to KZT 54.5 bln.
Eurasian Bank demonstrated substantial growth of loans to population which exceeded KZT 73.5 bln for 9 months of 2013. The deposits base of individuals has increased 1.3 times to KZT 127.9 bln from January to September 2013 (KZT 99.0 bln as of December 31, 2012).
“Growth dynamics complies with the development strategy aimed at maintaining and strengthening of leading positions. We continue moving forward which is confirmed with sustainable growth of the client base and key indicators of the Bank”, - emphasized Michael Eggleton, CEO of Eurasian Bank.
The client base of Eurasian Bank in Kazakhstan exceeded 814,000 at the end of 3 quarter 2013.
Due to continuous expansion of SMARTBANK internet banking functions, the clients of Eurasian bank can manage their finance remotely, including operations with deposits, loan repayments, transfers and conversion. The registration in the system has been simplified and can be performed via ATM. In the nearest future the Bank plans to launch mobile banking.