Income for the first eight months of 2024 amounted to 9 billion tenge. According to management reports as of September 1, 2024, Nurbank's assets reached 497.4 billion tenge, which is 6.8% more than at the beginning of the year. Net income for eight months was 9 billion, almost twice the figure for the previous year.
Since the beginning of the year, the bank's deposit portfolio has grown. As of September 1, 2024, client deposits increased by 7.6%. Corporate client deposits and accounts grew by 24.3%, and retail deposits by 3.1%. Nurbank's deposits help corporate clients use temporarily available funds effectively, creating additional opportunities for growth and business development.
Legal entities demand flexible deposits with the possibility of replenishment and withdrawal within the minimum balance. In working with corporate clients, Nurbank has been a reliable financial partner for 32 years, offering personalized service and flexible terms for placing temporarily available funds.
Nurbank's activities are based on a balanced approach to risk assessment, aimed at ensuring sufficient liquidity and maintaining asset quality. The bank has set a course to improve IT in banking and increase internal operational efficiency.
"We see that Nurbank has shown quality growth over the eight months of 2024. We continue to build up the deposit base and maintain asset quality. Currently, as a majority shareholder, I do not consider selling my stake; moreover, net profit, as before, will be directed towards the development of the financial institution," commented Nurbank shareholder Eldar Sarsenov.
Source: https://bes.media