Nurbank Demonstrates Growth in Key Financial Indicators
According to management reports as of September 1, 2024, Nurbank's assets reached 497.4 billion tenge, up 6.8% from the start of the year. The net income for eight months amounted to 9 billion tenge, almost doubling the same period last year.
Since the beginning of the year, the bank's deposit portfolio has grown. As of September 1, 2024, customer deposits increased by 7.6%. Corporate customer deposits and accounts grew by 24.3%, while retail deposits increased by 3.1%. Nurbank's deposits help corporate clients utilize temporarily available funds effectively, creating additional opportunities for business growth and development. Legal entities demand flexible deposits with replenishment and withdrawal options within the minimum balance framework. In working with corporate clients, Nurbank has been a reliable financial partner for 32 years, offering personalized service and flexible placement terms for temporarily available funds.
Nurbank's operations are based on applying a balanced risk assessment approach aimed at ensuring sufficient liquidity and maintaining asset quality. The bank is focused on improving IT in banking operations and enhancing internal operational efficiency.
"We see that Nurbank displayed quality growth over the first eight months of this year. We continue to expand our deposit base and focus on maintaining asset quality. As of now, I, as the majority shareholder, am not considering selling my stake, and furthermore, net profit, as before, will be directed towards the development of the financial institution," commented Nurbank's shareholder Eldar Sarsenov.