/KASE, May 15, 2025/ – ForteBank JSC (ticker KASE – ASBN) reported the
following:
quote
ForteBank releases interim financial statements for Q1 2025. Despite ongoing
pressure from the macroeconomic environment, the bank demonstrates steady
revenue growth, asset growth and high profitability
Financial results: stable dynamics
- Net profit amounted to 45.885 bn tenge, which is 33% more than for the same
period last year (Q1 2024: KZT 34.571 bn). The increase in profit was made
possible by the growth of interest income and effective management of
operating expenses.
- Net interest income increased by 23% and amounted to KZT 71.759 bn (Q1
2024: KZT 58.240 bn), which was due to an increase in income from the loan
portfolio and investment securities.
- Net income from foreign exchange transactions doubled to KZT 14.620 bn due
to high volatility and positive revaluation of currency positions.
- Net commission income amounted to KZT 4.5 bn, almost at last year's level
unquote
The full version of the press release is available at
https://kase.kz/files/emitters/ASBN/asbn_relizs_150525_1.pdf
[2025-05-15]