KazKommertsBank Vs Halyk Bank Of Kazakhstan On The Size Of Profits Leadership
On a positive note it ended the first half of the banking sector of Kazakhstan, showing an increase in June, the key indicators of its activity.
Everything is growing, but only as a whole is not without its intrigue in the form of rivalry Kazkommertsbank and Halyk Bank of Kazakhstan for the leadership on the size of profits, or more precisely, the excess amount of current revenues over expenses after income tax. If at the beginning of the summer there was the undisputed leader of Kazkommertsbank, whose profit for June increased a further 6.4% to 59.7 billion tenge, now with him almost on an equal footing is the People’s Bank of Kazakhstan, has made great strides in the 20.8 to 59% 1 bn. Share leaders in the aggregate profit of the banking sector to the beginning of the second half of the year reached 58.1%. By the way, it has increased for the first month of summer in the 16.8% to 204.6 billion tag. Planck is 10 billion tenge are managed to cross except the leaders still only three market participant – Citibank Kazakhstan (14.7% to 14.8 billion tenge), Kaspi Bank (5,1% to 12,4 billion tenge) and the Housing Construction Savings Bank of Kazakhstan ( 20.2% to 11.9 billion tenge). In addition, three members by July 1, “sitting” in the statement – Eurasian Bank (minus 6.3 billion tenge), VTB Bank (Kazakhstan) (minus 2.4 billion tenge) and the Bank Kassa Nova (minus 0.1 billion tenge) .
Total assets of the banking sector increased for the first month of summer is still 2.1% to 24 trillion 425.5 billion tenge, in absolute terms – to 492.5 billion tenge. But while leading on the size of Kazkommertsbank’s assets in June was very significant – 3.4% – decline to 4 trillion 815.7 billion tenge. It allowed closer to the leader of the People’s Bank of Kazakhstan, second coming, as its assets grew by an impressive 11.8% to 4 trillion 472.8 billion tenge. Other members of the group “trillionnikov” still kept the leaders at a respectful distance. Besides, coming third TSB in June there was a decrease the size of assets by 2% to 1 trillion 995 billion tenge. Next settled child Sberbank of Russia, which showed an increase of 7% to 1 trillion 586.8 billion KZT, CenterCredit Bank (a decrease of 1.3% to 1 trillion 310.7 billion KZT), ATF Bank (1.4% to 1 trillion 278, 2 billion tenge), Kaspi Bank (1.4% increase to 1 trillion 180.6 billion KZT), ForteBank (6,8% to 1 trillion 153.1 billion KZT) and the Eurasian Bank with a decline of 1.2% to 1 trillion. 12.8 billion tenge. Has closed the top ten banking sector in this indicator Bank RBK, whose assets rose in June by 1.9% to 921 billion tenge.
The total capital of the banking sector increased for the first month of summer in the 1.1% to 2 trillion 639.2 billion tenge. It dominates here Halyk Bank of Kazakhstan, which added to the “weight” in June of 2.4% to 548.1 billion tenge. Second place is still occupied by “Kazkommertsbank” with 438.2 billion tenge – 2% more compared to the beginning of the first month of summer. At a respectful distance from the leaders is ranked third ForteBank (0,5% to 169.3 billion tenge). Bracket 100 billion tenge overcome here as a child, “Sberbank of Russia” (1.7% to 146.8 billion tenge), TSB (0.4% to 141.5 billion tenge), Housing Construction Savings Bank of Kazakhstan, who lost in the “champion” 5 1% to 119.3 billion tenge, Kaspi Bank to increase by 1.1% to 115.1 billion tenge, and Citibank Kazakhstan (1.9% to 110.8 billion tenge).
“Lint” change banks?
It is very pronounced positive distinguished in June, and the deposit base of the banking sector. As in May, here while continuing growth in household deposits and corporate clients.
The total volume of deposits increased in June by 2.1% to 9 trillion 253.4 billion tenge, in absolute terms – to 189.6 billion tenge. By the end of the first month of summer here delineated a new intrigue in the form of aggravated rivalry between the “Kazkommertsbank” for a long time dominated the market, and the “People’s Bank of Kazakhstan”. The first one, in June the volume of corporate deposits decreased by 12.2% to 1 trillion 646.1 billion KZT in absolute terms – to 228.4 billion tenge. And they rose in the People in the past month more than a third (38.8%), or 450.9 billion KZT to 1 trillion 612.4 billion. Tenge! Third place is occupied by “Tsesnabank” lost in June, 9.3% of deposits of legal entities, with the result that their value had dropped to 880.8 billion tenge. This is followed by “ATF Bank” with a decrease of 4.0% to 601.9 billion tenge, a subsidiary of “Sberbank of Russia” (10.8% growth to 561.0 billion tenge), «Bank RBK» (2,4 % up to 504 9 billion tenge), «ForteBank» (11,9% to 456 billion tenge), “Bank CenterCredit” (decrease by 5.3% to 427.5 billion tenge), “Citibank Kazakhstan” (an increase of 3.5% to 412.6 billion tenge) and “Eurasian Bank, which lost 4.6% in June to 352.2 billion tenge. As is evident from these calculations, in the first month of the summer there were significant flows of funds between banks, corporate clients, about the reasons for which the controller is not reported.
The total volume of individuals’ deposits increased in June by 1.8% to 7 trillion 102.4 billion KZT in absolute terms – to 127.2 billion tenge. The market leader here is “Halyk Bank of Kazakhstan” to 1 trillion 470.6 billion tenge, but it does for the first month of summer was a decrease of 0.7%, whereas the second coming “Kazkommertsbank” added 0,3% to 1 trillion 393, 8 billion tenge. Market concentration is high and, as a share of the tandem accounted 40.3% of total deposits. The top ten banking sector in this indicator also includes “Kaspi Bank”, an increase of 3.9% to 638.1 billion tenge, “Tsesnabank” (2.4% to 565.1 billion tenge), a subsidiary of “Sberbank of Russia” ( 2.7% to 534.2 billion tenge), “Bank CenterCredit” (1.5% to 514.6 billion tenge), “ATF Bank” with a decrease of 1.4% to 373.6 billion tenge, “Housing Construction Savings Bank of Kazakhstan” (8.5% growth to 356.4 billion tenge), «ForteBank» (3,1% to 330.3 billion tenge) and “Eurasian Bank” (3.5% to 268.1 billion tenge).
We also note that according to the National Bank for the first month of the summer the Kazakh currency weakened to the US only 0.8%. And since the bank deposit volumes grew at a higher rate, it can be assumed that the accrued exchange differences on foreign currency deposits has had a smaller impact on this positive trend, compared with the inflow of funds into the banks of the second level.