KMF published the 2024 Annual Report
“Microfinance organization KMF” JSC issued the Annual Report, in the content of which for the first time ever the section on sustainable development was prepared in accordance with the GRI (Global Reporting Initiative) international standards of non-financial reporting. The Report was compiled taking into account the requirements of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market, as well as the Rules of the Kazakhstan Stock Exchange (KASE).
The Annual Report reflects our development dynamics and achievements. We end the reporting period with stable financial results. The book value of assets increased by 16.6% and amounted to 336.3 billion tenge. The loan portfolio reached 270.0 billion tenge, and shareholders’ equity grew to 62.7 billion tenge. KMF traditionally demonstrates stable growth due to its balanced strategy and responsible approach to business. Net interest income increased by 2.5% and amounted to 58.2 billion tenge and net profit reached 11.0 billion tenge. We maintain effective profitability indicators: return on assets is 3.5% and return on equity is 19.1%.
Key events of the year included the conclusion of a 50 million US dollar loan agreement with the Japan International Cooperation Agency (JICA), 25 million US dollar financing from the EBRD to support women’s entrepreneurship, a KASE bond placement for 20 billion tenge and the signing of a strategic partnership with Kazpost JSC.
A new level of trust. The year 2024 became the starting point of the process of KMF transformation into a commercial bank. On May 30, the change of the organizational and legal form to a joint stock company was made, and in August the General Meeting of Shareholders approved the charter and business plan of the future Bank within the procedures defined by the legislation of the Republic of Kazakhstan. In March 2025 the permit for transformation into a bank was received from the ARDFM. All these are important milestones on the way to expanding opportunities for our clients.
The full text of the 2024 Annual Report is available on the official website of KMF.
*All photos used in the report are authentic images capturing employees, clients and the daily operations of the Company. These images reflect the real life of KMF and our mission to provide the best microfinance for the prosperity of our clients.