Temirbank to boost IFRS net profit 6% to 3.7 bln tenge in 2013
ALMATY. April 30 (Interfax) - Kazakhstan's Temirbank plans to post its net profit to International Financial Reporting Standards (IFRS) by 6% to over 3.7 billion tenge in 2013.
"The profit in 2013 will be over 3.7 billion tenge," Deputy Chairman of Temirbank's Management Board Daulet Karimbayev told journalists at the Interfax press center on Tuesday in Almaty.
Meanwhile, Chairman of Temirbank's Management Board Murat Baisynov told the press conference that the bank registered 3.5 billion tenge in net profit last year, up 150% over 2011.
"We achieved the profit target set by the shareholder and even exceeded it by 10%. According to Kazakhstan standards, our profit was even more - about 11 billion tenge," Baisynov said.
In 2012, the bank's assets rose 12.2% to 287.1 billion tenge, equity was up 6% to 60.4 billion tenge and the loan portfolio jumped 13.4% to 283.5 billion tenge.
According to Karimbayev, this year Temirbank plans to provide 105 billion tenge worth of loans, including 55 million tenge in loans to companies. According to the forecast, retail deposits will total 16 billion tenge.
"To date, the ratio of loans provided to companies to loans provided to individuals is 60% : 40%. In the mid term, by 2015, we plan to provide 70% of loans to individuals and 30% to companies," he said.
Samruk-Kazyna is Temirbank's major shareholder, with 79.88%.
According to the Financial Supervision Committee of Kazakhstan's National Bank, in 2012 Temirbank was ranked 12th by assets among the 38 second-tier banks operating in Kazakhstan.
The official exchange rate on April 30 was 151.24 tenge/$1.
