Remuneration to key management of Otbasy bank increased by 9.1% to KZT379.2m, including KZT84m of accrued liabilities. Wages increased by 5.2% to KZT264.3m, short-term bonuses - by 37% to KZT29m, long-term bonuses - by 15% to KZT84m.
The bank's administrative expenses increased by 18% and amounted to KZT22.1 billion in 2021. Of these, personnel expenses for the reporting year increased by 13.2%, to KZT11.85 billion, expenses for the maintenance of the board of directors increased by 34% to KZT16 .7 million
The bank's net profit for the reporting period doubled, to KZT66bn, profit before tax - by 2.3 times, to KZT76bn.
The assets of HCSB Otbasy Bank JSC for 2021 amounted to KZT2.8 trillion, having increased by 64% over the year. The bank's liabilities increased by 70%, to KZT2.4 trillion, the bank's equity capital - by 35%, to KZT381 billion.
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