• Most Popular
  • Most Shared

Kazakhstan's Halyk Bank H1 net profit up 110 pct

Tue Aug 28, 2007 8:34am EDT

Stocks

   

ALMATY, Aug 28 (Reuters) - Kazakhstan's No. 4 bank Halyk Bank (HSBKq.L) said on Tuesday its consolidated net profit rose 110 percent to 21.3 billion tenge ($169 million) in the first half of the year.

The announcement followed a statement a month ago showing non-consolidated net profit had more than doubled to 17.7 billion tenge in the same period.

The increase in net income was mainly attributable to a 76 percent increase in net interest income, the bank said. It also reported rises in net fee and commission income.

Halyk said in a statement its loan portfolio increased by 31 percent thanks to rising retail and mortgage lending during the period to 780 billion tenge, 61 percent of its total assets.

The bank said its tier 1 capital adequacy ratio stood at 14 percent on June 30.

($=126.05 tenge)

((Writing by Michael Steen, editing by David Holmes; Reuters Messaging: michael.steen.reuters.com@reuters.net, almaty.newsroom@reuters.com; +7 727 2508 500)) Keywords: KAZAKHSTAN HALYK/

(C) Reuters 2007. All rights reserved. Republication or redistribution ofReuters content, including by caching, framing or similar means, is expresslyprohibited without the prior written consent of Reuters. Reuters and the Reuterssphere logo are registered trademarks and trademarks of the Reuters group ofcompanies around the world.nL28340127


More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    PICTURES
    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    Oddly Enough
    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

    Global Markets