EIC KazakhExport JSC Cleared Almost 3.9 billion KZT Net Profit in 2020
Export Insurance Company KazakhExport JSC released its audited 2020 accounts
According to the report, in 2020 assets of EIC KazakhExport JSC soared by 39% year-on-year up to 122.9 billion KZT from 88.2 billion KZT in 2019.
Moreover, net income of the Company surged by almost 63%. In 2020 EIC KazakhExport JSC earned nearly 3.9 billion KZT versus some 2.4 billion KZT in 2019. Primary income includes insurance premiums.
Equity capital of EIC KazakhExport JSC swelled to 109.4 billion KZT in 2020 from 79.2 billion KZT in 2019.
By decision of the Sole Shareholder of the Company, National Management Holding Baiterek JSC, dated 21 April 2021, 70% of 2020 net income of EIC KazakhExport JSC will be directed to pay dividends. Dividends exceed 2.7 billion KZT.
‘Despite challenges of the Corona crisis period, we have managed to keep efficient all the business processes. We monthly evaluate relevance of a situation in terms of possible negative influence of external market trends on financial and risk parameters. Apart from analysis of separate borrowers, we evaluate an investment portfolio on the whole in terms of concentration of loans and market risks,’ Chief Executive Officer of EIC KazakhExport JSC Ruslan Iskakov pointed out.
For more details see audited financial statements of the Company on website of EIC KazakhExport JSC: https://kazakhexport.kz/file/save/1793
For reference:
Export Insurance Company KazakhExport JSC (a part of Baiterek NMH JSC is a company subordinate to the Ministry of Trade and Integration of the Republic Kazakhstan promoting export of non-primary goods and services. Mission of Export Insurance Company KazakhExport JSC is to support growing export of non-primary goods, works and services in priority sectors of the economy and establish a practice of financial insurance and non-financial support for Kazakhstan’s companies.
