Almaty, September 06, 2011 - Due to recent volatility on the local market in August, the management of Eurasian Bank has decided to release its August 2011 financial information on the Bank's website www.eubank.kz and to the press. Although the regular plan is only to release information quarterly, semi-annually and annually, releasing interim information is consistent with the Bank's goal of transparency.
All information is unaudited and according to KFN accounting standards.
After tax, net income for the month of August was KZT 776.1 million bringing the year to date results to a cumulative KZT 3.55 billion. This is compared to a cumulative loss of KZT 1.33 billion for the same eight-month period in 2010.
Other key financial highlights, all YTD:
- Loan growth of 16.4%
- Cost Income Ratio reduced further to 60.6%
- ROAE and ROAA has reached 19.1% and 1.5%, respectively
- Net Interest Margin has improved to 5.1%, and
- NPL coverage ratio is 122.2%.
When commenting on the eight-month financial results, Chairman of the Management Board of JSC Eurasian Bank Michael Eggleton said, "The Bank's financial results continue to improve as the management strategy continues to develop. The results are even more impressive given the difficult global market conditions encountered during most of August."
The unaudited financial statements of JSC Eurasian Bank can be found on the Bank's website at www.eubank.kz (http://eubank.kz/ru/about.php?id=130)
Press service of JSC Eurasian Bank
tel. +7 (727) 259 79 00 (3288)
Inna.Dubrovina@eubank.kz
