NPL level in Housing construction saving bank of Kazakhstan was reduced to 0.25%
1 October 2018
Over the first half of the year HCSBK issued 62% of Kazakhstan mortgage. From 224.8 billions of KZT, which the banks issued to Kazakhstan citizens for purchasing of housing, 139,8 billions of KZT fall on HCSBK. 16 090 depositors of HCSBK received loans.
This has become known at the meeting of the bank Board of directors, which was held in Astana and chaired by Aidar Arifkhanov – chief of Baiterek holding.
Lyazzat Ibragimova – chairperson of HCSBK Board of directors when reporting on the work performed over the first half of the year, has mentioned that deposit base in the bank has grown by 5.6%. According to results of reporting period HCSBK takes the 1 place on the market of long-term contributions of population. Total amount of savings makes 549 billions of KZT or 26% of total deposit portfolio share among second tier banks. 204 915 new agreements on housing construction savings were signed in the bank over 6 months of current year.
Credit portfolio in the bank grew over the first half of the year. As of the 1st of July 2018 it is equal to 527.8 billions of KZT, this is by 63,3 millions of KZT more comparing with the beginning of the year. Whereas NPL level decreased with the bank by 0.05% (loans with delay of more than 90 days) and as of reporting date it was equal to 0.25%. As per 2017 results NPL level was equal to 0.30%.
According to the report HCSBK has solid reserve of liquidity. The bank has three times higher indicators (reserves of prudential standards), which shall be complied with as per National bank requirement for ensuring stability of financial institute.
Also at the meeting of the Board of directors the report was considered and approved on compliance with the budget and bank profitability indicators, the report on management of financial risks and several other reports according to HCSBK operation results.
This has become known at the meeting of the bank Board of directors, which was held in Astana and chaired by Aidar Arifkhanov – chief of Baiterek holding.
Lyazzat Ibragimova – chairperson of HCSBK Board of directors when reporting on the work performed over the first half of the year, has mentioned that deposit base in the bank has grown by 5.6%. According to results of reporting period HCSBK takes the 1 place on the market of long-term contributions of population. Total amount of savings makes 549 billions of KZT or 26% of total deposit portfolio share among second tier banks. 204 915 new agreements on housing construction savings were signed in the bank over 6 months of current year.
Credit portfolio in the bank grew over the first half of the year. As of the 1st of July 2018 it is equal to 527.8 billions of KZT, this is by 63,3 millions of KZT more comparing with the beginning of the year. Whereas NPL level decreased with the bank by 0.05% (loans with delay of more than 90 days) and as of reporting date it was equal to 0.25%. As per 2017 results NPL level was equal to 0.30%.
According to the report HCSBK has solid reserve of liquidity. The bank has three times higher indicators (reserves of prudential standards), which shall be complied with as per National bank requirement for ensuring stability of financial institute.
Also at the meeting of the Board of directors the report was considered and approved on compliance with the budget and bank profitability indicators, the report on management of financial risks and several other reports according to HCSBK operation results.
