Azerbaijan, Baku, Sep.3 / Trend E. Kosolapova/
Kazakhstan's Halyk bank plans to increase its net profit by 5.7 per cent in 2013, the bank's board chairman Umut Shayakhmetova told journalists on Tuesday, Novosti-Kazakhstan reported.
The bank's net profit amounted to 70 billion tenge (153.23 tenge=$1) in 2012.
"A net profit is expected at 74 billion tenge this year. It is expected by the revised budget for the second half of the year," she said.
According to the bank's forecast, its loan portfolio will grow by 12 per cent, with a net interest margin reaching five per cent and return on equity (ROE) hitting about 20 per cent in 2013.
The bank's assets grew by 5.9 per cent in 2012 and the net interest margin increased to 4.9 per cent per annum compared to 4.4 per cent per annum in 2011. The return on average equity increased to 24 per cent per year compared to 12.3 per cent in 2011.
Halyk Bank is a leading financial group and the largest retail bank in Kazakhstan.
The main shareholder of the bank is the ALMEX holding group controlled by daughter of the Kazakh President Dinara Nazarbayeva and her husband Timur Kulibayev.
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