Baku, Azerbaijan, Oct. 24
By Elena Kosolapova - Trend:
Net profit of Kazakh Eurasian Bank decreased by 6.8 percent in the first three quarters of 2014 compared to the same period of 2013, said the bank's message.
The bank's net profit hit 7.9 billion tenge (180.87 tenge =$1) in the mentioned period.
As of Oct. 1, the Eurasian Bank's assets increased by 30.7 percent and reached 726.7 billion tenge
The deposit portfolio of the bank grew by 26.2 percent since the beginning of the year. Operating income before provisions increased by 13.1 percent to 42.9 billion tenge, compared to 37.9 billion tenge in the same period of 2013.
The loan portfolio increased by 28.5 percent and reached 568.8 billion tenge. The share of unsecured loans in the total loan portfolio reached 22.4 percent as of October 1, 2014.
The share of loans overdue by 90 days (NPL) in the bank's loan portfolio increased from 8.9 percent to 9 percent in the reporting period. Meanwhile it is one of the lowest rates of problem loans in the country.
Eurasian Bank is a universal commercial bank offering products and services to clients in all segments. The Bank was founded in 1994. It covers all regions of Kazakhstan with 20 branches and 145 departments.
Edited by S.I.
...
