Baku, Azerbaijan, Nov. 14
By Elena Kosolapova – Trend:
Kazakhstan’s ForteBank had a profit of 9.15 billion tenges (340.63 tenges = $1) in January-September 2016, according to the bank’s financial statements posted on the website of the Kazakhstan Stock Exchange (KASE).
The net profit of the bank hit 10 billion tenges in the same period of 2015.
The bank’s assets increased from 1.07 trillion tenges in early 2016 to 1.18 trillion tenges in late September 2016.
The capital of the bank increased from 167.03 billion tenges to 176.44 billion tenges in January-September 2016.
The bank’s liabilities rose from 902.11 billion tenges to 1.01 trillion tenges during the period.
ForteBank is one of the largest banks in Kazakhstan, which was created in 2015 through the merger of Alliance Bank, Temirbank and ForteBank.
The bank has 19 branches and 150 offices in all the regions of Kazakhstan which provide services both to individuals and legal entities.
Follow the author on Twitter: @E_Kosolapova
