Jýsan Bank Has Announced Its Preliminary Operating Results for 2019

January 22, 2020, Almaty. – According to the preliminary results, Jýsan Bank ended the fiscal year of 2019 with profits of 35 billion Tenge and took the second place among the Kazakhstani second-tier banks by the size of its equity.

As of the beginning of 2020, the equity of Jýsan Bank amounted to 344 billion Tenge, i.e. grew by 60%. It is the Kazakhstani banking sector's second large equity, as the share of Jýsan Bank is about 9.3% of the second-tier banks' equities. As of the beginning of 2019, the Bank's equity had been approximately 215 billion Tenge.

"Such favorable results are achieved due to active efforts made by the Bank's new management last year. We have optimized business processes, merged with First Heartland Bank, launched Mobile Banking and successfully introduced new card products to the market. Much has also been done to improve the credit portfolio. Ultimately, in the fourth quarter 2019 we gained profits of 35 billion Tenge and reduced provisions to 71% by the end of the year," Aibek Kayip, Chairman of the Management Board of Jýsan Bank, commented on the Bank's performance.

As of January 1, 2020, the Bank's assets were 1,330 billion Tenge. As of the beginning of 2020, the current liquidity ratio, k4, was 7.133, versus the statutory ratio established by the regulator at 0.3. Thus, current liquidity is 23 times higher than the required minimum ratio, or is the highest one among the Kazakhstan's largest ten banks.

"The high liquidity cushion and capital adequacy indicators prove stability and reliability of Jýsan Bank, as well as its potency to improve its market standing, to increase its market share and to ensure healthy growth in its portfolio," Mr. Kayip concluded.

As of the beginning of 2020, the Bank's loan portfolio made up 846 billion Tenge, whereas its total provisions amounted to 603 billion Tenge (71%), or were twice as high as its current NPL of 326 billion Tenge (38% of the portfolio).

According to the annual results, clients' deposits amounted to 649 billion Tenge, including 230 billion Tenge of corporate bodies and 419 billion Tenge of individuals.

The given figures are preliminary and based on the 2019 unaudited financial statements.

For your information:

First Heartland Jýsan Bank JSC (formerly Tsesnabank) has been operating in Kazakhstan's financial market since 1992. Jýsan Bank is now represented by its 118 branches in all the regions of Kazakhstan.

Jýsan Bank offers its clients, both individuals and legal entities, a full range of banking services, including opening and servicing of current accounts, international payment cards, lending, deposits, and money transfers, whether in Kazakhstan or globally.

On August 12, 2019, S&P Global Ratings revised its rating outlook for Jýsan Bank from Stable to Positive, as well as confirmed the long-term and short-term issuer credit ratings at В-/В. At the same time, the Bank's rating has risen according to the Kazakhstani national scale from kzBB- to kzBB.

Contacts:

Jýsan Bank Public Affairs Office

Tel.: +7 (727) 331-26-00 ext. 1924

E-mail: pr@jysanbank.kz

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