AKIPRESS.COM - Kazkommertsbank announced today that net profit in 2013 increased up to 52.5 billion tenge, the bank's website reported.

The net income for 2013 amounted to 52.5 billion tenge compared to net loss of 132.3 billion tenge in 2012, the message says.

Also, the total assets increased by 6.6% to 2.586 billion tenge; total deposits - 10.5% to 1.682 billion tenge.

The other highlights for 2013 included:

- Total Capital Adequacy ratio at 17.8%

- Adjusted Net Interest Margin at 4.9%

- Net fees and commissions income increased by 18.3% compared to 2012

- Operating expenses reduced by 3.4% compared to 2012

- Cost-to-income ratio improved to 18.9% from 21.5% in 2012

- Provisioning rate on loan portfolio at 34.0%

The Bank’s key operating indicators have improved and net profit for the year 2013 doubled compared to the net profit in 2011, said Nina Zhussupova, CEO of Kazkommertsbank.