September 29, 2016 / 10:02 AM / a year ago

Kazakh Kazkommertsbank swings to H1 profit

ALMATY, Sept 29 (Reuters) - Kazkommertsbank, Kazakhstan’s largest lender by assets, posted a net income on Thursday of 43.2 billion tenge ($129 million) in the first half of 2016, compared with a loss of 54.8 billion tenge in the same period of 2015.

The lender attributed the improvement to higher interest and non-interest income, as well as much lower provisioning expenses. ($1 = 335.09 tenge) (Reporting by Olzhas Auyezov; Editing by Adrian Croft)

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