45XV Fortebank 14% S

TIDM45XV TIDMTTM

RNS Number : 7548X

Fortebank Joint Stock Company

01 September 2015

Net income of ForteBank comprised KZT5,707 mln for the first six months of 2015

According to the interim condensed consolidated financial statements of JSC ForteBank in the first six months of 2015 the Bank's net profit amounted to KZT 5,707 mln compared to a negative financial result for the same period in 2014. Capital of the Bank increased by 7.5% for six months of 2015 and amounted to KZT 166,266 mln.

Assets of the Bank decreased by KZT 64,362 mln since January 1, 2015 and amounted to KZT 844,884 mln., mainly due to sale of JSC "National Welfare Fund "Samruk-Kazyna" bonds for the amount of KZT 105 bln. in June this year. The Bank's loan portfolio decreased by 2.9% in comparison with the beginning of the year and amounted to KZT 544,901 mln.

The Bank's liabilities decreased by KZT 75,922 mln. or 10.1% compared to the beginning of 2015 and amounted to KZT 678,618 mln. Deposit portfolio of the Bank decreased slightly - by 2.8% and totaled to KZT 499,124 mln.

The report is available, in electronic form, for download on the Bank's website: http://www.fortebank.com/en/investor_relations/

For the additional information, please contact:

Investor relations

+7 (727) 2584040 (ext. 52034)

e-mail: IR@alb.kz

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

September 01, 2015 11:14 ET (15:14 GMT)

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