Agricultural Credit Corporation’s 2011 net profit grew by 3.3 times to 169.1 million tenge under IFRS
2012-04-27 14:43:45
The net profit of Agricultural Credit Corporation exceeded 169 million tenge in 2011, Interfax reported.
In one year’s time, the corporation’s assets have grown to 88 billion 45 million tenge, liabilities reduced to 27 billion 375 million tenge and the authorized capital increased to 65 billion 349 million tenge. Agricultural Credit Corporation is a subsidiary of the “KazAgro” National Holding Company. The company provides subsidized loans to agricultural and non-farm businesses operating in rural areas of Kazakhstan.
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