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RPT-Kazakh Kazommertsbank Q1 profit falls 70 oct

Thu Jun 25, 2009 6:05am EDT

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(Repeats to wider range of subscribers)

ALMATY, June 25 (Reuters) - Kazakh bank Kazkommertsbank (KKGByq.L) said on Thursday its net profit fell 69.5 percent year-on-year to $33 million in the first quarter of this year as it built up provisions against bad loans.

The provisioning rate grew to 13.2 percent of gross loans by the end of the first quarter from 11.9 percent at the beginning of this year, it said in a statement.

(Writing by Olzhas Auyezov)



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