Eurasian Bank Doubles Profit from Current Operations in 2020
19 May 2021, Almaty – The consolidated profit of Eurasian Bank for 2020 increased from 4.5 to 6.8 billion tenge, taking into account a single-time loss of 2.1 billion tenge due to the sale of the subsidiary bank in Russia. Consolidated assets increased by 13% to KZT 1.2 trillion. Capital increased by 10% to 109 billion tenge.
The Bank has published its internationally audited financial statements. Excluding the sale of the Russian subsidiary, the profit received by the Bank as a result of its current operations in 2020 doubled compared to the same indicator a year earlier.
“The 2020 year financial results confirm the stability of the Bank business-model even in the previously unthinkable conditions of the pandemic. On behalf of the shareholders, I would like to thank our customers for their continued and valuable trust, as well as the team for the outstanding result. The investments made in this difficult year in team strengthening and technological re-equipment allow us to look forward to the future with optimism!” said the Chairman of the Board of Directors of the Bank Alexander Mashkevich.
The Eurasian Bank group in addition to the Bank includes subsidiaries – Eurasian Project 1 LLP and Eurasian Project 2 LLP. The sale of the Eurasian Bank subsidiary bank (Moscow) took place on 29 December 2020. The Eurasian Financial Company JSC is the parent company of the Bank and owns 100% of the Bank shares.
Eurasian Bank PR-Service
+7 (727) 259-95-99, Ext.: 4401.