Financial Performance Presentation 1H 2011 by yaosaigeng

VIEWS: 5 PAGES: 20

									Financial Performance
    Presentation
      1H 2011
Content


          Kazakhstan…………………..………………………….                     3
          Bank history…….…………………………………….                     4
          Banking sector………..………………………………..                  5
          Financial performance……………..…………………                6
          Shareholders………….………………………………..                    7
          Strategy………………………………………….………                       8
          Asset structure………………………………….……..                  9
          Loan portfolio………………………………..…………                   10-11
          Asset quality…………………….………….................        12
          Retail business…………………………………………                    13
          Investments……….………………………….…………                     14
          Support from the shareholders………..……………            15
          Funding….………………………………......................        16-17
          Net profit……..…………………………………….........              18
          Key performance indicators………………................   19
     Kazakhstan
              Kazakhstan ratings                                                       Macroeconomic indicators
                                                                                       1H 2011     2010      2009      2008      2007
     Moody’s: Baa2/Stable (April 2010)
                                                                  GDP                  181 1971   145 857   107 017   131 691   106 816
     Fitch: BBB-/Positive (December 2010)
                                                                  (nominal, US$ mln)
     S&P: BBB/Stable (December 2010)
                                                                  Direct investments     4 5652     2 155    10 653    13 118     7 965
                   Strengths                                      (US$ mln)

    • Macroeconomic backdrop is supportive                        Export                44 900     60 837    43 972    71 971    48 351
      of sovereign credit                                         (US$ mln)
    • Government‘ s position as an external net                   Import                16 600     31 956    28 813    38 452    33 260
      creditor                                                    (US$ mln)
    • Improving situation in the public finances
    • Low gross government debt                                   Foreign currency      31 200     25 239    20 591    17 871    15 777
                                                                  reserves
                                                                  (US$ mln)
                 Weaknesses
                                                                  Gold                   3 415      3 052     2 501     2 001     1 853
    • Banking system (problem loans remain a                      (US$ mln)
    material source of risk)
    • Poor governance                                             National Fund         38 506     30 578    24 368    27 486    21 006
    • Exposure to commodity prices                                assets (US$ mln)

                                                                  Inflation (%)             8.4       7.8       6.2       9.5      18.8

                                                                  National Bank         145.83     147.50    148.46    120.79    120.30
                                                                  exchange rate
                                                                  (US$ 1 = KZT)
Source: Ministry of economic development and trade of the RK;
        National Bank of the RK; Agency of Statistics of the RK
        1 data as of 01.04.2011;                                                                                                          3
        2 preliminary estimate
 Bank history
1993                                               2005                                                2009
• Bank’s incorporation by Kazakhstan largest oil   • Member of money transfer system «BYSTRAYA         • Share capital increase by 9,9 mln USD
and gas companies – Mangistaumunaygaz,             POCHTA» for individuals                             • Bank’s ordinary shares transferred to KASE 2 nd category
Aktau and Uzenmunaygaz, Zhanaozen with             • Bank’s ordinary shares transferred to KASE        • KazAgro limit for the Bank reached 77,3 mln USD
shareholders’ equity of 2,0 mln KZT                category «A» from «B» category                      • Money transfer system «ANELIK» participant
1994                                               • Bank’s subordinated bonds included to KASE        • Launch of action «Delta-internet» for legal entities
• Opening of the first branch in Zhanaozen         category «A»
• Membership in Kazakhstan Banks’ Association
                                                                                                       January 2010
1995                                               2006
                                                                                                       • Entrepreneurship Development Fund DAMU set up a limit
• Opening of branch in Uralsk                      • First Credit Bureau participant
                                                                                                       for the Bank for 4,0 mln USD
1997                                               • Opening of branches in Kostanay and
                                                   Ust –Kamenogorsk                                    February 2010
• SWIFT Membership                                                                                     • KazAgro limit for the Bank amounted to 47,5 mln USD
                                                   • Head office moving from Aktay to Almaty
• Opening of branches in Аlmaty and Аtyrau                                                             • Bank participates in DAMU program for female
                                                   • Opening of Astana branch
1998                                                                                                   entrepreneurship financing
                                                   2007
• Bank’s ordinary shares included into KASE                                                            April 2010
category «A»                                       • Share capital increase by 28,1 mln USD
                                                                                                       • Bank - financial operator for DAMU program on small
• Opening of Aktobe branch                         • Branch opening in Karaganda
                                                                                                       business financing in Zhanaozen
                                                   • Bank re-branding (changing the name of
1999                                               Neftebank to Delta Bank)
                                                                                                       • Increase of share capital by 1,6 mln USD
• Bank’s ordinary shares transferred to KASE       • Taraz branch opening                              May 2010
category «B» from category «A»                                                                         • Share capital increase by 3,0 mln USD
• Membership in the Financial Institutions’
Association of Kazakhstan                                                                              June 2010
                                                   2008                                                • Increase of share capital by 1,4 mln USD
2000                                               • Member of money transfer systems «LEADER»
                                                                                                       • Opening of branches in Pavlodar and Petropavlovsk
• Kazakhstan Deposit Insurance Fund                and «BLIZKO» for individuals
Membership                                         • Bank’s ordinary shares transferred to KASE        July 2010
                                                   3 d category of «Shares» sector                     • Increase of share capital by 0,8 mln USD
2001
                                                   • Subordinate bonds transferred to 2 nd             August 2010
• Participation in RIAS / Rabobank Technical       sub-category of «Debt securities without ratings»
Assistance Program for Bank’s transition to                                                            • Bank takes part in “DAMU regions II " program
                                                   category
IFRS financed by IFC                                                                                   December 2010
                                                   • Assigning of first credit ratings by Moody’s
• Subordinated loan for 2,5 mln USD from IFC       B3/NP/E+ with “STABLE” outlook                      • Share capital increased by 20,3 mln USD
2002
• Western Union participant
• Status of Visa International Associated Member                                                                                                                    4
Banking sector
Banking sector as of 1 July 2011                                                                                    Assets
                                                                  AsiaCredit Bank     0,1%

Assets/GDP                           48,2%                          ICB of China             0,2%
Liabilities/GDP                      42,8%
Loans/GDP                            35,4%                        Metrocombank               0,2%
Deposits/GDP                         28,1%
                                                                      Delta Bank                            0,5%
39 banks, 21 banks with foreign participation
                                                                   Kazinvestbank                            0,5%
Assets : 87,3 bln USD (in foreign currency: 33,1%)

Loan portfolio : 64,1 bln USD (interbank loans including)    Eximbank Kazakhstan                                          0,7%
Standard loans : 25,7% (Y2010E: 26,4%)
Doubtful loans : 53,7% (Y2010E: 53,6%)                                 Alfa-Bank                                          0,7%
Bad loans : 20,6% (Y2010E: 20,0%)
NPL1 : 33,3% (Y2010E: 32,5%)                                                   0,0%     0,2%        0,4%      0,6%           0,8%          1,0%

Loans loss reserves : 19,9 bln USD (31,1% of total loans)
                                                                                                                   Total capital
Liabilities : 77,5 bln USD (in foreign currency: 40,5%)           Kazinvestbank                                       0,6%

Deposits: 50,8 bln USD (in foreign currency: 33,2%)               Metrocombank                                        0,6%
Legal entities deposits: 33,8 bln USD
(in foreign currency: 28,6%)
                                                                 AsiaCredit Bank                                             0,7%
Individuals’ deposits: 17,0 bln USD
(in foreign currency: 42,3%)
                                                                    ICB of China                                             0,7%
Total income: 11,2 bln USD
Total expenses: 11,0 bln USD                                           Alfa-Bank                                             0,7%


                                                                      Delta Bank                                                    0,8%


                                                            Eximbank Kazakhstan                                                            0,9%
1   Including provisions for homogeneous loans
                                                                                                                                                     5
                                                                               0,0%      0,2%        0,4%          0,6%          0,8%         1,0%
  Financial performance
                                                                           1H 2011*   2010       2009       2008       2007
For the year of 2010 the Bank’s share
                                            Assets (US$’000)                461 476   351 846    205 115    206 231    165 594
capital increased by USD 27,3 mln as a
result of placement of 2 331 580 common     Loans (US$’000)                 369 584   279 026    138 700    131 780    126 917
shares
                                            Equity (US$’000)                 80 412    78 673     49 101     47 085     47 557
The Bank participates in programs of
Entrepreneurship Development Fund           Share capital (US$’000)          75 246    74 394     47 003     45 792     45 929
DAMU:                                       Current accounts and
                                            deposits (US$’000)              332 964   229 401    119 454    125 315     81 502
- female entrepreneurship financing
(280 mln KZT)                               Net income (US$’000)
                                                                                754      869        536        543       1 331
- Zhanaozen small business financing (90
mln KZT)                                    Number of plastic cards           6 839     6 779      6 110      5 588      4 515
- financing regional priority projects      Number of branches                   11       11            9       13         13
«DAMU regions II» (220 mln KZT)
                                            Number of representative              8          8          4          5       10
                                            offices + additional offices
For 2010 2 new branches in Pavlodar and
Petropavlovsk and 4 additional offices in   Number of clients incl:          14 889    16 391     16 023     18 172     15 107
Aktau, Aktobe, Almaty and Karaganda
were registered                                      Individuals
                                                                             13 324    14 124     14 558     16 627     13 413
                                                     Legal entities
In June 2011 Standard & Poor’s assigned                                       1 565     2 267      1 465      1 545      1 694
«B/B» long- and short-term counterparty
credit ratings, Outlook «Stable»;           Number of employees incl:
Kazakhstan national scale rating «kzBB+»                                        344      315        317        373        462
                                                      Branches
                                                                                213      202        202        261        316
                                                      Head office
                                                                                131      113        115        112        146



 * data as of 1H 2011 unaudited
                                                                                                                                 6
Shareholders having 5 % and more of total amount of shares placed
as of 1 July 2011

                 Name of shareholders           Share (%)


                  Yessenova Shagizat              25,2

                    Medeuov Murat                  9,5

                    Usmanov Ruslan                 9,2

                   Veretnov Yevgeniy               9,0

                   Kazybayev Darkhan               8,4

                    Tymbayev Yerbol                6,6

                   Abdykalykova Dina               5,7




                                                                    7
Bank Strategy

 Mission of the Bank

 Delta Bank sees its mission in encouraging economic development of corporate clients and improving wellbeing of
 private customers to fully satisfy their needs in high quality banking products and services.

 Main strategic objectives of the Bank:

 1. Strengthening the Bank’s positions as a universal financial institution;
 2. Maintaining long term partnership with corporate and individual clients;
 3. Expanding branches’ network.

                                         Strategic targets for Y2011E
                                                                                   (US$’000)

                        Indicators                                        2011

                          Assets                                        392 031
                         Liabilities                                    299 771
                       Share capital                                     85 034
              Current accounts and deposits                             262 086
                          Loans                                         268 737
                      Financial result                                     3 440


                                                                                                                   8
 Asset structure
                                                   US$’000                              Asset growth
                                               500 000                                                            461 476           100%
As of 01.07.11 the share of high liquid
assets (cash, correspondent accounts,                                                                                         80,1%
demand deposits with other banks,              400 000                                                                             80%
                                                                                                                          369 584
                                                                                                      351 846 79,3%
government securities) was 14,5%                            76,6%
                                                                                              67,6%
of total assets (Y2010E : 17,7%)               300 000                          63,9%
                                                                                                           279 026                  60%


For the first half of 2011 the Bank’s assets                              206 231       205 115
                                               200 000                                                                              40%
increased by 31% (29% in KZT terms)                        165 594
                                                                                             138 700
                                                                               131 780
2010: 70%                                                        126 917
2009: 22%                                      100 000                                                                              20%


Loan book increased by 32% (30% in KZT              0                                                                               0%
terms) for the first half of 2011                             2007          2008           2009          2010         1H 2011
2010: 99%                                                     Assets                Loans                Loans/Assets
2009: 29%
                                                                                     Asset structure                     July 1, 2011
Share of government securities was 97%
as of 01.07.2011 (Y2010E: 97%)                                               Securities                           Corr.
                                                                               16%                              accounts
                                                                                                                  2%

                                                                                                                         Fixed
                                                                                                                        assets
                                                                                                                          1%
                                                         Loan portfolio
                                                             80%                                                      Other
                                                                                                                     assets
                                                                                                                       1%                 9
 Loan portfolio: business segments
                                                                     Breakdown by business segments
Corporate business                                                                                                         82%
                                                                                                        80%
The Bank is an active financial partner for the                                       72%
companies of agroindustrial complex,
                                                                      61%
consisting of a number of priority sectors of
Kazakhstan economy
                                                          39%
                                                  35%
SME including:
                                                        26%                  25%
SM (small business)                                                       14%               16%
                                                                                                  12%           11%                   9%
                                                                                                              9%                 9%
• Number of employees ≤ 50
• Average annual value of assets not more
  than 90,7 mln KZT (60 000 MCI*)                   2007                  2008           2009              2010              1H 2011
                                                              Corporate                     SME                       Individuals
MB (medium business)
• Number of employees 51 -250                                                Industry breakdown
• Average annual value of assets not more                                                                             July 1, 2011
  than 491,4 mln KZT (325 000 MCI)                                                 Industry
                                                                                                        Non-production
                                                          Trade                      10%
                                                                                                            sector
                                                           13%
Retail business (including individual                                                                        5%
entrepreneurs)                                                                                                Construction
• Mortgages                                                                                                      2%
• Consumer loans
• Car loans                                                                                                 Transport
• Credit cards                                                                                                 1%
                                                   Agriculture
                                                      60%                                               Individuals
                                                                                                            9%
* Monthly Calculation Index = 1 512 KZT
                                                                                                                                       10
  Loan portfolio
 Collateralised loans (as % to total loans):                                        Maturity profile
                                                                                                       84%

 1H 2011:   99%                                                                         70%
                                                                                                                        72%
 Y2010E:    96%
 Y2009E:    99%
 Y2008E:    92%                                       46%                46%
 Y2007E:    85%
                                                            29%                   31%
 Overdue loans (as % to total loans):                             25%          23%          21%                                21%

 1H 2011:   0,7%                                                                                  9%     10%
                                                                                                                6%
                                                                                                                                 7%
 Y2010E:    1,0%
 Y2009E:    3,2%
 Y2008E:    0,3%                                        2007               2008            2009          2010             1H 2011
 Y2007E:    1,0%                                              < 1 year                   1-5 year                > 5 year



            Average weighted rates (%)                                         Currency composition             July 1, 2011


            2007   2008    2009    2010     1H 2011
                                                                                                                USD
Corporate 16.6     19.1     17.7    16.9    15.7                                                                 3%

SME         16.4    18.4    16.6     18.3   13.7                  KZT
                                                                  96%
Individuals 16.8   17.2     13.9     13.8   11.9                                                             Other
                                                                                                              1%


                                                                                                                                     11
  Asset quality
 NPL = Doubtful 5 category + Bad debts                         NPL and provisions as a % of gross loans*

 Loans classification according to audited data
                                                  9%

 Y2010E:                                                                                    7,4%
 Standard – 98,5%                                 6%
 90 - days overdue – 1,5%                                                                   4,8%

 90+ days overdue – 0,0%                                                       3,3%
                                                           2,5%                                                                3,3%
 Y2009E:                                          3%                    1,9%                           2,0%
 Standard – 96,8%                                       1,8%
                                                                                                                              1,0%
 90 - days overdue – 0,6%                                                                                     1,3%
 90+ days overdue – 2,6%                          0%
 Y2008E:                                                   2007            2008          2009           2010             1H 2011

 Standard – 89,3%                                          Provision/Total loans          NPL/Total loans
 90 - days overdue – 10,0%
 90+ days overdue – 0,7%                                            Loan portfolio classification by KFN*
                                                                                                                       July 1, 2011
 Y2007E:
 Standard – 97,1%                                                                                           Standard
                                                                                                             73,7%
 90- days overdue – 2,4%
 90+days overdue – 0,5%

 The share of loans to related parties :
 1H 2011: 2,51%                                        Bad debts
 Y2010E: 0,48%                                           0,9%
 Y2009E: 0,05%
 Y2008E: 0,21%
 Y2007E: 5,46%
                                                       Doubtful 3           Doubtful 2                 Doubtful 1
                                                         4,4%                 6,8%                      14,0%
                                                                                                                                      12
*Data are unaudited
 Retail business
                                          US$’000                                Breakdown by product
Credit cards balances:                    49 802             32 298                     17 190                29 520                32 974
1H 2011: 121 387 USD
                                                                                                              85%                       85%
Y2010E: 28 217 USD
Y2009E: 145 635 USD                       72%
                                                                  67%
Y2008E: 77 291 USD                                                                      60%
Y2007E:     3 059 USD
                                                                                              36%
As of 1 July 2011 there were 29 salary
                                                22%                     26%
projects in the following branches with
1 678 cards issued :                                6%                                                              9%                        8% 5%
                                                                          7%                     4%                      1%4% 1%                1%  1%
Aktay, Aktobe, Аlmaty, Astana, Atyrau,
Zhanaozen, Karaganda, Pavlodar,                  2007                    2008                  2009                    2010               1H 2011
Petropavlovsk                               Consumer loans              Mortgages        Car loans         Individ. Entrep. (Damu)            Individ. Entrep.

Total number of cards issued – 6 839                                          Secured and unsecured loans
                                          US$'000
                                                                                                             99,9%              99,7%
                                             40 000      37 612                                                                           100,0%
Mortgage loans as of 01.07.11:                                                                    99,0%                    32 865
                                                                                                           29 490                         80,0%
                                             30 000                              79,6%
Primary market – 21%                                              75,5% 25 695
Secondary market – 79%                                                                                                                    60,0%
                                             20 000                                      17 043
                                                                                                                                          40,0%
up to 5 years: 4%                                               12 190
above 5 years: 96%                           10 000                             6 603                                                     20,0%
                                                                                                 147                30           109
                                                    0                                                                                     0,0%
                                                           2007               2008            2009           2010             1H 2011

                                                      Secured                 Unsecured                   Secured/Loans to individuals                   13
Investments
                      January 1, 2011                                         July 1, 2011

    Type securities          Book value     Yield         Type securities     Book value       Yield
                             (US$’000)    (% year)                            (US$’000)      (% year)
Government securities,                               Government securities,
including:                   55 685,54               including:                71 698,90
Ministry of Finance                                  Ministry of Finance
coupon bonds                 51 627,76     2,64%     coupon bonds              49 805,07      2,80%

National Bank notes           4 057,78     1,24%     National Bank notes       21 893,83      1,22%

Corporate securities,                                Corporate securities,
including:                    1 893,97               including:                1 928,19

Bonds                                                Bonds
                              801,52       7,70%                                812,36        9,10%
Bank CenterCredit                                    Bank CenterCredit

Halyk Bank Bonds               901,69      8,00%     Halyk Bank Bonds           909,10        6,50%

Bonds                                                Bonds
Kazakhstan Mortgage           190,74       7,20%     Kazakhstan Mortgage        206,71        9,10%
Company                                              Company

Kazcat Bonds                    0,02      10,00%     Kazcat Bonds                0,02        10,00%




Total                        57 579,51               Total                     73 627,09                14
 Support from the shareholders
Share capital increase:                                               Liabilities & Equity structure                      July 1, 2011
December 2010                                                                                              Equity
Increase for USD 20,3 mln                                  Subordinated                                     17%
Placement of 2 000 000 common shares                          debt
July 2010                                                      2%                                                            REPO
increase for USD 0,8 mln                                                                                                      6%
placement of 39 626 common shares
June 2010
increase for about USD 1,5 mln
                                                                                                                        Banks' deposits
placement of 69 535 common shares
                                                                                                                           & loans
May 2010
                                                                                                                             2%
increase by USD 3,0 mln                                   Customers'
placement of 143 297 common shares                         accounts
April 2010                                                   72%                                               Others
increase by about USD 1,7 mln                                                                                   1%
placement of 79 122 common shares            US$’ 000                               Capital
                                             35%                                                                                100 000
Bank’s capital adequacy ratios
significantly higher than KFN requirements              29,70%          30,10%
                                             30%                                                                    80 412
(K1 - 6%, K2 - 12%)                                27,50%                                          78 673                       80 000
                                                                                                    25,80%
                                             25%                                 23,60%23,90%
Dividends                                                         22,60%                        21,80%
Bank did not pay dividends in 2007 - 2010                                                                                       60 000
                                             20%
                                                                                                            17,00% 18,10%
                                                                                        49 101
Total liabilities: (000’USD)                 15%         47 557            47 085                                               40 000
1H 2011: 381 064
Y2010E : 273 173                             10%
Y2009E : 156 014                                                                                                                20 000
                                              5%
Y2008E : 159 146
Y2007E : 118 037
                                              0%                                                                                0
                                                        2007          2008           2009          2010          1H 2011
                                                                                                                                          15
                                                                  Tier I CAR         Total CAR            Total capital
Funding base
                                                                       Funding diversification dynamics
For the first half of 2011 the balances                                                                                         87%
                                                                                                           84%
on current and deposit accounts                                 79%                 76%
increased by 45% (43% in KZT terms),      69%
deposit portfolio grew by 61% (59% in
KZT terms)

The increase of deposit portfolio for
2010 by 227% in KZT terms was driven            20%
                                                                      15%                       15%
by offering new deposit products and                  8%                    5%             8%                         7%   6%          2% 7% 4%
                                                           3%                    1%                   1%         3%
more flexible terms
                                                2007                  2008                  2009                 2010                 1H 2011
Number of deposits :
1H 2011: 2 872                                Customer accounts                 Debt securities issued            REPO           Other liabilities
Y2010E : 2 429
Y2009E : 2 116                                                         Current accounts and term deposits
Y2008E : 2 548                            US$’000   81 502            125 315             119 454           229 401             332 964
Y2007E : 2 704
                                                                        11%                 14%              11%                  9%
                                                       12%
Other liabilities mainly include
loans/deposits of other financial                      35%                                 29%
institutions                                                            60%                                  63%                 73%
1H 2011: 3%
2010:     5%                                                                                57%
                                                       53%                                                   26%
                                                                        29%
                                                                                                                                 18%


                                                       2007             2008               2009              2010            1H 2011
                                                      Term retail deposits          Term corporate deposits             Current accounts        16
   Funding (continued)
                                Term deposits                                                                        Maturity profile
    US$’000
300 000                                                                           40%                              1%
                                                                    273 715             100%
                                                                                                    18%         11%              21%
                                       33%
250 000                                                                                                                                    28%         28%
                                                                                  30%    80%
              26%                                                                                                                14%
200 000
                                                      169 506                                       36%
                                                                                         60%
150 000                                                                           20%
                                16%                         15%                                                    88%
100 000                88 824                                                            40%
                                                                                                                                           72%         72%
                                                                          11%                                                    65%
                                      51 426                                      10%
 50 000   37 951                                                         31 050          20%        46%
                            14 030           17 170        25 393
               9 808
     0                                                                            0%
                                                                                            0%
              2007       2008           2009            2010         1H 2011
          Deposits                                                                                  2007        2008             2009      2010       1H 2011
          Individuals deposits                                                                       < 1 year                1-5 years            > 5 years
          % individuals deposits to total deposits
                                 Currency profile                                            At Y2010E and 1H 2011 the share of long term deposits was 0,07%

               1%         1%                            1%             1%
100%                                                                                                       Average weighted rates (%)
              5%                            7%          7%             5%
                         10%

 80%                                    23%
                                                                                                            2007         2008      2009    2010      1H 2011

 60%                                                                              Corporate clients (%)     8.28         10.14      6.59    8.32      7.61
                                                        92%
              94%                                                     94%
                         88%                                                      SME (%)                   5.60          2.50      5.90    1.53      6.44
 40%                                    70%
                                                                                  Individuals (%)           9.39         10.24     10.35   10.71     10.40
 20%


  0%
              2007       2008           2009            2010        1H 2011
                                                                                                                                                              17
               KZT                    USD                   Other
 Net profit
                                                      Net income                           US$’000    Operating income composition
Modest net income              US$’000
                            2 000    4,7%                                           5% 30 000
generating is due to
provisions increasing.
                                                                                    4%
                                    1 331                                                                                            3 722
1H 2011: 12,1 mln USD                                                                    20 000                 3 820
Y 2010E: 5,6 mln USD                                                                3%                                   4 111
                                                                                                                                                 913
 Y2009E: 6,7 mln USD        1 000                                 869      754
 Y2008E: 4,3 mln USD                                                       1,9%     2%               8 796
                                               543       536
                                                                  1,4%                   10 000                17 944               20 554
                                    1,1%        1,1%     1,2%                                                                                   17 099
                                                                                                                        16 813
Cost-to-Income ratio                                                                1%
to reach 43,9% at Y2011E                       0,3%      0,3%      0,3%
                                                                           0,3%                      8 969

                               0                                                    0%       0
Successful measures on              2007       2008      2009     2010    1H 2011                    2007       2008     2009        2010      1H 2011
debt recovery resulted in                   Net income          ROАE       ROАA
                                                                                              Net interest income               Net non-interest income
increasing the share of
reserves recovery income                       Сost/Income                                                    Income structure
                                                                                                                                         July 1, 2011
1H 2011: 28%                                                                                                 Dealing     Commission
2010:    23%                                                                                                 operat.        5%           Revaluation
                             80%                                                                              3%                            1%
2009:    17%
                                                                                             Securities
                             60%               71%                                             2%                                            Reserves
                                     69%
                                                                                                                                             recovery
                             40%                                                                                                               28%
                                                         52%      47%

                             20%                                          33%
                                                                                             Loans                                           Other
                                                                                              60%                                           income
                               0%                                                                                                             1%
                                     2007      2008      2009    2010      1H
                                                                                           Interest income - 62%        Non-interest income – 38%
                                                                          2011                                                                         18
Key performance indicators
                                               2007         2008      2009         2010      1H 2011    2011F
Balance (US$’000)
Total capital                                   47 557       47 086    49 101       78 673     80 412    92 260
Liabilities                                    118 037      159 146   156 014      273 173    381 064   299 771
Total Assets                                   165 594      206 231   205 115      351 846    461 476   392 031
Income (US$000)
Interest income                                 16 239       29 570    25 671       30 296     27 061    44 089
Interest expenses                                7 270       11 626     8 858        9 742      9 962    15 915
Net interest income                              8 969       17 944    16 813       20 554     17 099    28 174
Net income                                       1 331          543       536          869        754     3 440
Main indicators
ROAA (%)                                           1.1          0.3       0.3          0.3        0.3       0.9
ROAE (%)                                           4.7          1.1       1.2          1.4        1.9       4.0
Cost / Income (Operating expenses/Net             68.6         70.6      51.5         46.7       32.8      43.9
operating income (%)
SPREAD (%)                                            4.9       9.0          9.1       7.1        7.8       6.5
Operating income /Total Assets (%)                10.7         10.6      10.2          6.9        7.8       8.9
Net Interest Margin (%)                            6.2         10.6      10.0          7.9        8.8       7.2
Retail term deposits/Total term deposits (%)      25.8         15.8      33.4         15.0       11.3      25.0
Fixed assets / Assets (%)                             3.5       2.8          1.8       0.9        0.7       0.8
K1 (>= 0.06)                                      0.27         0.22      0.23         0.21       0.17           -
K2 (>= 0.12)                                      0.29         0.30      0.23         0.25       0.18           -
K4 (>=0.30) (current liquidity)                   0.38            -      0.45         0.73       1.19           -
K4-1(> = 1,0) up to 7 days                           -         49.5      2.07         3.14       2.31           -
K4-2 (> = 0,9) up to 1 month                                   22.7      1.82         4.25       2.11
K4-3 (> = 0,8) up to 3 months                                  10.5      1.82         2.92       1.83
Loans / Customers’ accounts                       1.56         1.05      1.16         1.22       1.11       1.1
                                                                                                                    19
Contacts




Elena Skufalyaridy                                                       Dusenbaeva Gulnara
Head                                                                         Chief specialist
FI Division                                                                      FI Division


Tеl.: + 7 (727) 244 85 48                                     Tеl.: + 7 (727) 244 85 41, ext. 1272
E-mail: elena@deltabank.kz                                   E-mail: dusenbaeva@deltabank.kz




                                           Delta Bank
                                Тоlе bi str., 73a, Аlmaty, 050000
                                   Republic of Kazakhstan
                       теl: + 7 (727) 244 85 41, fax: + 7 (727) 244 85 57
                                       www.deltabank.kz

								
To top