Kazakhstan’s Delta Bank Reports Net Loss Of 1.3 Bln Tenge In 2016 vs Profit One Year Earlier

Kazakh Delta Bank Will Not Accept Deposits Or Open Accounts Until November

In 2016, Kazakhstan’s Delta Bank incurred a net loss of $ 1.294 billion tenge (311.46 tenge/$1) against a profit of 2.138 billion tenge in 2015 году, according to the bank’s financial reports under IFRS.

 

As at April 1 As at April 1
2017 2016
KZT’000 KZT’000
Interest income 13,212,042 12,364,328
Interest expense (4,901,165) (5,802,762)
8,310,877 6,561,566
Net interest income
Fee and commission income 234,936 500,506
Fee and commission expense (46,688) (62,558)
Net fee and commission income 188,248 437,948
Net loss on financial instruments at fair value through profit or loss (178,918) (125,965)
(270,575) 370,350
Net foreign exchange gain
616,964 (38,952)
Оther expenses, net
Operating income 8,666,596 7,204,947
Impairment losses (9,043,441) (4,097,319)
General administrative expenses (746,138) (699,633)
(LOSS)/Profit before taxes (1,122,983) 2,407,995
Income tax expense (170,598) (269,967)
(NET LOSS)/Net profit (1,293,581) 2,138,028
Loss/Earnings per share -56 107
Basic and diluted loss/earnings per share, in KZT

 

Asat April 1
2017
KZT’000
As at January 1
2017
KZT’000
ASSETS:
Cash and cash equivalents 5,516,614 6,092,836
Accounts and deposits in banks 221,768 3,854,103
Financial instruments at fair value through profit or loss 4,645,380 6,316,154
Loans to customers 333,698,877 343,259,083
Available-for-sale financial assets 7,728,400 11,419,193
Investments held to maturity 29,817,923 29,530,883
Property, equipment and intangible assets 1,645,030 1,682,358
Other assets 7,244,588 7,260,322
Total assets 390,518,580 409,414,932
LIABILITIES AND CAPITAL:
LIABILITIES:
Due to banks and other financial institutions 187,419,623 145,842,746
Current accounts and deposits from customers 127,222,081 156,640,476
Debt securities issued 29,123,298
Financial liabilities at fair value through incomes or losses 4,390,382 5,612,077
Deferred tax liability 24,003 24,003
Other liabilities 16,295,705 15,140,703
Total liabilities 335,351,794 352,383,303
EQUITY:
Share capital 35,028,296 35,484,761
Reserve capital 2,369,823 2,369,823
Revaluation reserve for available-for-sale financial assets 107,379 222,176
Retained earnings 17,661,288 18,954,869
Total equity 55,166,786 57,031,629
Total liabilities and equity 390,518,580 409,414,932
Book value per one share, in KZT 2,383 2,432

 

Share capital Reserve capital Revaluation reserve for available-for-sale financial assets Retained earnings Total
30,459,970 2,369,823 (165,462) 15,681,280 48,345,611
Balance as at 01 January 2016
Net profit 2,138,028 2,138,028
Other comprehensive income
Net change in fair value of available-for-sale financial assets 208,409 208,409
Total comprehensive income 208,409 2,138,028 2,346,437
30,459,970 2,369,823 42,947 17,819,308 50,692,048
Balance as at April 1st 2016
Balance as at January 1st 2017 35,484,761 2,369,823 222,176 18,954,869 57,031,629
Net loss (1,293,581) (1,293,581)
Other comprehensive income
Net change in fair value of (114,797) (114,797)
available-for-sale financial assets
Repurchase of own share (456,465) (456,465)
Total comprehensive income (456,465) (114,797) (1,293,581) (1,864,843)
as at April 1st 2017 35,028,296 2,369,823 107,379 17,661,288 55,166,786
As at April 1 As at April 1
2017 2016
KZT’000 KZT’000
CASH FLOWS FROM OPERATING ACTIVITIES
Interest receipts 1,805,395 11,787,803
Interest payments (5,841,848) (5,758,394)
Fee and commission receipts 57,154 449,246
Fee and commission payments (46,688) (62,558)
Net receipts from foreign exchange (1,154,823) 327,363
Other receipts, net 616,964 (38,952)
General administrative payments (712,793) (667,588)
Decrease/(Increase) in operating assets
Placements with banks and other financial institutions 3,626,199 (606,212)
Financial instruments at fair value through profit or loss for period 148,955 129,241
Loans to customers 6,354,237 (20,771,536)
Other assets (2,376,865) (4,753,213)
Increase of operating liabilities
Due to banks and other financial institutions 45,824,485 1,912,977
Current accounts and deposits from customers (24,393,823) 25,353,941
Other liabilities 2,052,911 4,300,189
Cash from operating activities before taxes paid 25,959,460 11,602,307
Income tax paid (172,191) (269,708)
Cash flows from operating activities 25,787,269 11,332,599
CASH FLOWS FROM INVESTMENT ACTIVITIES
Sale and repayment of available-for-sale financial assets 3,471,318 56,967
Disposal of fixed assets and intangible assets 542 66
Purchases of fixed assets and intangible assets (32,226) (54,357)
Cash flows received from investment activities 3,439,634 2,676
CASH FLOWS FROM FINANCING ACTIVITIES
Buyout of equity capital (9,889,000)
Buyout of debt securities (456,465)
Repayment of debt securities (19,148,710) (4,290)
Utilization of cash in financing activities (29,494,175) (4,290)
Effect of changes in foreign exchange rates on cash and cash equivalent (308,950) (459,764)
Net decrease in cash and cash equivalents (576,222) 10,871,221
Cash and cash equivalents as at the beginning of the period 6,092,836 14,556,742
Cash and cash equivalents as at the end of the period 5,516,614 25,427,963
On the behalf of the management:
Nurbol Samzayev Galiya Kainarbekova
Chairman of the Management Board Deputy Chairperson – Chief accountant
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