- Language: English
- Published: August 2012
- Region: Asia, Kazakhstan
Summary: Kazkommertsbank (JSC)
- Published: June 2010
- Standard & Poors
The ratings on Kazakhstan-based Kazkommertsbank (JSC) (KKB) reflect the high-risk economic and banking environment in the Republic of Kazakhstan (foreign currency BBB-/Stable/A-3, local currency BBB/Stable/A-3), increased pressure on the bank's asset quality, significant refinancing risk, limited capitalization, and single-name concentrations in corporate loans and deposits. On the other hand, KKB has a good market position, particularly among large Kazakh corporate clients, and adequate core revenue generation, supported by aggressive cost management. In addition, the bank's cautious and fairly efficient business and operational adjustments and deleveraging are helping it adapt to the tough operating environment. KKB is one of the largest banks in Kazakhstan, with total assets of Kazakhstani tenge (KZT) 2.6 trillion ($17.3 billion) on March 31, 2010. Standard &...
Companies mentioned in this report are: Kazkommertsbank (JSC),BTA Bank J.S.C.,Alliance Bank JSC
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Kazkommertsbank (JSC),BTA Bank J.S.C.,Alliance Bank JSC