Kaspi Bank doubles net profit in H1
ALMATY. July 30 (Interfax) - Kaspi Bank posted net profit of 12.999 billion tenge in the first half of 2013, double that of its net earnings in the same period last year, the bank said in its unconsolidated financial statement to International Financial Reporting Standards (IFRS).
Kaspi Bank's assets rose 17.1% to 657.230 billion tenge, liabilities grew 19.6% to 595.155 billion tenge, equity capital declined 2.7% to 62.075 billion tenge, and share capital stood unchanged at 17.266 billion tenge.
According to the State Financial Supervision Committee of the National Bank of Kazakhstan, in 2011 Kaspi Bank was ranked ninth by assets among the 38 second-tier banks operating in the country.
The official exchange rate on July 30 was 153.24 tenge/$1.