Alliance Bank (Kazakhstan) announces Y2011 H1 operating results

July 14. KASE

Alliance Bank (Kazakhstan) announces Y2011 H1 operating resultsAlliance Bank JSC is delighted to be able to advise you that according to results of the first half a year of 2011, the Bank received unallocated net income totals to KZT 990 million – according to data of unaudited unconsolidated reporting (Kazakhstan Accounting Standards) submitted to the Committee of Financial Supervision of the Kazakhstan National Bank.

According to results in first quarter of 2011 (as of April 1, 2011), the Bank had negative profit totals to KZT 1 billion 584 million.

According to results for 2010 (as of January 1, 2011), Alliance Bank received unallocated net income taking into account final turnovers made KZT 318 billion 826 million. Profit for 2010 was formed mainly due to conducted debt restructuring.

http://www.kase.kz/en

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