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Kazakh banks’ assets decrease

Kazakh banks’ assets decrease
19:12 8 Avqust 2015
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Baku, Azerbaijan, Aug. 7

By Elena Kosolapova – Trend:

The assets portfolio of Kazakh second-tier banks in June decreased by 276 billion tenge (187, 67 tenge = $1) and amounted to 17.59 trillion tenge, the analytical service Ranking.kz said August 7.

“The main reason for the decrease is a large-scale purge of the loan portfolio in problem banks,” said the message. “In June alone, the total volume of bad debts in banks decreased by almost half.”

Some 23 banks out of 35 reported the increase in assets in June.

The biggest growth was showed by the banks that are part of “Halyk Group” - Halyk Bank and Altyn bank.

Halyk Bank increased its total assets volume by 90.4 billion tenge to 2.72 trillion tenge. The share of the financial institution on the market grew by 0.7 percent to 15.4 percent.

The second bank, Altyn bank’s asset growth for the month was 46.9 billion tenge to 182.8 billion tenge.

The combined share of the group of banks on the market for the month increased from 15.5 percent to 16.5 percent.

ATF Bank wraps up the top three banks with an increase of 40.7 billion tenge to 989.7 billion tenge.

Edited by CN

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Follow the author on Twitter: @E_Kosolapova

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Xəbərin orijinal ünvanı: http://en.trend.az/business/economy/2423134.html

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