OREANDA-NEWS. June 09, 2011. Joint Stock Company "Halyk Savings Bank of Kazakhstan" and its subsidiaries (together "the Bank") (LSE: HSBK) releases its condensed interim consolidated financial information for the three months ended 31 March 2011, reported the press-centre of KASE.

1Q 2011 financial highlights

- Net income was KZT 10.6 billion for 1Q 2011, up by 4.2 percent from KZT 10.2 billion for  4Q 2010 and down by 6.4 percent from KZT 11.4 billion for 1Q 2010

- Total assets increased by 7.2 percent

- Amounts due to customers increased by 10.3 percent, including amounts due to legal entities by 12.8 percent and amounts due to individuals  by 5.5 percent

- Current accounts increased by 41.0 percent, including current accounts of legal entities by 50.2 percent and current accounts of individuals by 6.3 percent

- Gross loans to customers remained almost flat as compared to YE 2010

- Debt securities issued increased by 29.4 percent

- Total equity decreased by 7.8 percent

- Net interest income decreased by 2.6 percent to KZT 10.5 billion from KZT 10.8 billion for 1Q 2010

- Impairment charge decreased by 15.3 percent to KZT 11.3 billion from KZT 13.3 billion for 1Q 2010

- Fee and commission income (excluding pension fund and asset management) increased by   24.0 percent to KZT 6.6 billion from KZT 5.3 billion for 1Q 2010

- Pension fund and asset management fees increased by 46.4 percent to KZT 5.0 billion from KZT 3.4 billion for 1Q 2010 and by 18.4 percent from KZT4.3 billion for 4Q 2010

- Operating expenses increased by 1.1 percent to KZT 10.5 billion for 1Q 2011 from KZT 10.4 billion for 1Q 2010 and decreased by 22.4 percent from KZT 13.6 billion for 4Q 2010

- Net interest margin before allowance for impairment losses decreased to 4.4 percent from 5.2 percent for 1Q 2010

- Cost-to-income ratio was 28.7 percent for 1Q 2011 compared to 28.6 percent for 1Q 2010 and 34.8 percent for 4Q 2010

- Basel Tier 1 capital adequacy ratio at 16.8 percent

- Basel Total capital adequacy ratio at 20.6 percent

- Loan-to-deposit ratio decreased to 0.69х from 0.77x as at YE 2010

- Provisioning rate at 19.5 percent

- Return on average common shareholders' equity was 13.6 percent for 1Q 2011 (annualized) compared to 11.8 percent for 2010

- Return on average total assets was 1.9 percent for 1Q 2011 (annualized) compared to 1.7 percent for 2010.