April 21, 2022, Almaty

Eurasian Bank increased lending to customers in the first quarter of 2022, mainly in the retail business, despite the impact of the extraordinary events of January. The Bank loan portfolio grew by 11% and amounted to KZT 801 billion, according to preliminary management reporting data.

As a result of the growth in lending, the Bank interest income in the 1^st quarter of 2022 increased by 22%, non-interest income increased by 131% compared to the first quarter of 2021. The Bank assets amounted to KZT 1,414 billion. The Bank net profit increased by 6 billion tenge to 9.2 billion tenge compared to the same period last year.

The Bank has a large liquidity buffer and low dependence on market funding, which was confirmed by the Moody’s credit rating agency on 13 April 2022. As of 1 April 2022, the share of highly liquid assets was at the level of 43.4%.

The Bank fulfills all regulatory requirements. The Bank equity capital as of 1 April increased by 3% since the beginning of the year and reached 271.4 billion tenge. The return on equity amounted to 30%, which confirms the high efficiency of the Bank activities.

Eurasian Bank is a socially important commercial bank of Kazakhstan with a 28-year history of development. It is one of the ten largest banks in the country in terms of assets, occupies a leading position in the retail banking market, provides a wide range of services to corporate clients and SMEs. The Bank belongs to the ecosystem of the ERG Group (one of the largest companies in the world in the field of mining and processing of mineral resources).