2 July 2020, Almaty

Eurasian Bank announced the consolidated results of the Bank and its subsidiaries activities (hereinafter — the Bank) for the 12 months of 2019.

“I am pleased to present the Bank’s audited IFRS results for 2019. We finished the year with a record performance. The Bank’s operating income increased by 25% from 72.9 billion tenge to 91.6 billion tenge. The number of customers who made their choice in favor of Eurasian Bank increased by 20% and approached 4 million people. The cost-to-income ratio fell from 44.4% to 38.7%. The Bank’s capitalization has grown: K1 – from 9.5% to 10%, K2 -from 23.8% to 26.2%. We entered a challenging year for the entire market in 2020 with an impressive margin of liquidity: the share of highly liquid assets on the Bank’s balance sheet at the end of 2019 was 31.8% and is maintained above this level to this day. Moody’s assigned B2 rating to the Bank.

In 2019, our Bank celebrated its 25^th anniversary. We have gone through all the ups and downs with our country and continue to be a reliable partner for our customers no matter what,” commented Mr. Aleksandr Mashkevich, Head of the Bank Board of Directors, on the results of 2019.

In addition to the Bank, the Eurasian Bank JSC  Group includes the subsidiaries – Eurasian Bank PJSC (Moscow), Eurasian Project 1 LLP and Eurasian Project 2 LLP.  Eurasian Financial Company JSC ” is the parent company of the Bank and owns 100% of the Bank’s shares.

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