Global Banking & Finance Review has named JSC SB “Alfa-Bank” as the Best Commercial Bank in Kazakhstan 2013. The awards honour companies that stand out in a particular area of expertise within the banking and finance industry.
JSC CB “Alfa-Bank” is recognized this year because of the company’s dedication to commercial banking. Taken into account were banks’ performance indicators and management. The banks high rate of development and balanced risk policy. With the active growth of the loan portfolio since the beginning of the year by 17 %, the amount of overdue loans in the bank is of the order of 3 %, which is one of the best rates in the market. The study took into account the return on assets and equity, on these indicators, Alfa-Bank is the leading universal banks in Kazakhstan (ROA 2.4% and ROE 17%). Assets of Alfa-Bank since the beginning of 2013 grew by 20% during the same period, the income of the bank increased by 73 %. Also taken into account was the rate of growth of the retail and consumer lending, micro-credit for small businesses, the development of financial leasing and factoring, as well as the integrated development of banking technology infrastructure and offline.
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The Global Banking & Finance Review Awards honour institutions that stand out in their particular area of expertise in the finance industry. They recognize achievement, challenge, progress and inspirational change in finance globally. Global Banking & Finance Review is an online portal which has evolved from the growing need to have a more balanced view for informative and independent news for the global banking and finance industry. It is reflected in the quality and in-depth insight provided by our experienced contributors in a clear and concise way. Global Banking & Finance Review brings together the entire fundamental and growth areas of finance and banking into one easy, informative and all-encompassing publication. Global Banking & Finance review have objective and respected editorial contributions from all major sectors, such as Banking, Technology, FOREX Trading, Asset Management, Corporate Governance, Islamic Finance, Project Finance, Mergers and Acquisitions, Tax and Accounting and Inward Investment; all under one global umbrella. For Further Information please visit www.globalbankingandfinance.com.
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