Kazkommertsbank sinks to 2015 loss as bad debt provisions leap

April 29, 2016 2:22 PM

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ALMATY, April 29 Kazkommertsbank (KKB) , Kazakhstan's largest lender by assets, plunged to a loss last year as it set aside hefty provisions for bad loans, it said on Friday.

KKB said it made a net loss of 18.4 billion tenge ($56.2 million) in 2015 after a net profit of 23.7 billion a year earlier.

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