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Bank CenterCredit JSC (CCBN) KZT

Bank CenterCredit is a Kazakh universal commercial bank offering retail, SME and corporate banking across the country.

At a glance: strengths & risks
✓Revenue growing (+12% y/y, H1 2026)✓Strong ROE (32%)✓Book value growing (+33%)✗Profit falling (-16% y/y, H1 2026)

Sector: Banks

CCBN

Price chart

4 787.49 KZTDay 0.10%

Key metrics

Market

Price
4 787.49 KZT · 0.10%
Market cap
843.0 bn KZT

Growth

Δ NII y/y
12.5%
Δ net profit y/y
-15.9%

Multiples

P/E (LTM)
3.8x
P/B (FY)
1.0x
P/E (ann.)
3.4x

Returns

Dividend yield
—
ROE (annualized)
27.2%
ROI (ROE ÷ P/B)
27.3%

Value creation

annualized net income / market cap (return on equity value)
Banking potential
+25.8%
↓ details

Liquidity

Daily turnover (KASE)
8 804 194

Shares: connector/market_inputs

Financial results

Monetary columns are in B KZT, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusNet interest incomeB KZTNet profitB KZTAssetsB KZTEquityB KZTROE (annualized)Source
2026-06-30Q2 2026 (3M)OK117.7
y/y 12.5%
62.0
y/y -15.9%
8935.4
y/y 22.8%
966.0
y/y 33.6%
26.3%Link
2026-03-31Q1 2026 (3M)OK118.9
y/y 12.3%
61.1
y/y -25.1%
8166.4
y/y 18.2%
903.6
y/y 30.7%
27.9%Report (KASE)
2025-12-31Q4 2025 (3M)OK113.0
y/y -33.2%
105.0
y/y 81.8%
8521.0
y/y 20.6%
846.9
y/y 33.0%
32.7%Report (PDF)
2025-09-30Q3 2025 (3M)OK99.3
y/y —
16.3
y/y —
7891.6
y/y —
789.7
y/y —
28.7%Report (KASE)
2025-06-30Q2 2025 (3M)OK104.5
y/y 27.1%
64.6
y/y 70.4%
7278.9
y/y 24.6%
723.1
y/y 43.4%
41.4%Report (PDF)
2025-03-31Q1 2025 (3M)OK105.8
y/y 35.9%
81.6
y/y 81.6%
6907.1
y/y 24.0%
691.5
y/y 45.8%
49.2%Report (KASE)
2024-12-31Q4 2024 (3M)OK169.3
y/y 122.1%
57.8
y/y 168.4%
7067.9
y/y 33.6%
636.9
y/y 52.1%
33.4%Report (KASE)
2024-09-30Q3 2024 (3M)OK99.7
y/y —
58.4
y/y —
6069.2
y/y —
572.4
y/y —
35.7%Report (KASE)
2024-06-30Q2 2024 (3M)OK87.7
y/y —
40.9
y/y 36.9%
5843.8
y/y 29.6%
504.3
y/y 48.5%
35.1%Report (PDF)
2024-03-31Q1 2024 (3M)OK77.8
y/y 49.8%
44.9
y/y 79.4%
5568.4
y/y 25.9%
474.3
y/y 57.0%
40.3%Report (KASE)
2023-12-31Q4 2023 (3M)OK76.2
y/y —
21.5
y/y —
5291.0
y/y —
418.7
y/y —
33.7%Report (PDF)
2023-09-30Q3 2023 (3M)OK—
y/y —
50.8
y/y —
4878.8
y/y —
382.3
y/y —
41.9%Report (KASE)
2023-06-30Q2 2023 (3M)OK—
y/y —
37.7
y/y —
4510.5
y/y —
339.5
y/y —
39.1%Report (KASE)
2023-03-31Q1 2023 (3M)OK52.0
y/y —
25.0
y/y —
4422.6
y/y —
302.2
y/y —
—Report (KASE)

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Monthly statistics (bank charter, NBK)

<div class='muted' style='font-size:.72rem;line-height:1.2'><span style='color:#166534'>+49.1% y/y</span> · 19.9 bln mo <span style='color:#166534'>+4.3%</span></div> source: NBK

Bank potential breakdown (Return per share)
ReportedForecastMonthly ×12
Reporting periodH1 2026
RAS profit, quarter months
Jan 2026 20.6 bln
Feb 2026 16.8 bln
Mar 2026 16.7 bln
Apr 2026 16.4 bln
May 2026 17.5 bln
Jun 2026 18.6 bln
Jan 2026 20.6 bln
Feb 2026 16.8 bln
Mar 2026 16.7 bln
Apr 2026 16.4 bln
May 2026 17.5 bln
Jun 2026 18.6 bln
RAS profit, following months
Jul 2026 16.4 bln
Forecast profit change (×0.96)-4%
Annualised profit, mln RUB246.1 bln236.6 bln197.2 bln
Book (equity)966.0 bln966.0 bln966.0 bln
ROE (annualised)25%24%20%
Price / Book0.87x0.87x0.87x
Potential [ROE / P/B]+29%+28%+23%
Card headline: avg of Forecast & Monthly+26%

Potential = annualised net profit / market cap (= ROE / P/B). 'Reported' is the last IFRS quarter annualised; 'Forecast' adjusts it for seasonality from the latest monthly RAS data (multiplier X = profit of the most recent months / profit of the quarter's months); 'Monthly ×12' annualises the latest RAS month. RAS = parent bank charter, IFRS = group; the bases differ, so the forecast is a momentum indicator.

PeriodNet profit (YTD)
Jul 2026123.0 bln
-23.3% y/y · 16.4 bln mo -28.3%
Jun 2026106.5 bln
-22.4% y/y · 18.6 bln mo +6.3%
May 202687.9 bln
-26.6% y/y · 17.5 bln mo -19.5%
Apr 202670.4 bln
-28.2% y/y · 16.4 bln mo -16.5%
Mar 202654.0 bln
-31.1% y/y · 16.7 bln mo -29.5%
Feb 202637.4 bln
-31.9% y/y · 16.8 bln mo -25.9%
Jan 202620.6 bln
-36.0% y/y · 20.6 bln mo -36.0%
Dec 2025240.2 bln
+23.1% y/y · 13.0 bln mo -27.9%
Nov 2025227.2 bln
+28.3% y/y · 14.5 bln mo -29.7%
Oct 2025212.7 bln
+35.9% y/y · 16.2 bln mo -6.6%
Sep 2025196.5 bln
+41.2% y/y · 16.2 bln mo -10.8%
Aug 2025180.2 bln
+49.1% y/y · 19.9 bln mo +4.3%

Balance sheet & asset quality (NBK, bank-only)

Period-end balances and loan-book quality from the National Bank of Kazakhstan per-bank return (bank-only, pre-consolidation, not IFRS).

PeriodTotal assetsGross loansNPL 90+, % of loansStage 3, % of loans
Jul 20269.0 trn
+19.3% y/y
5.0 trn
+15.9% y/y
1.7%3.9%
Jun 20268.9 trn
+22.4% y/y
5.0 trn
+19.3% y/y
1.6%3.6%
May 20268.4 trn
+19.7% y/y
5.0 trn
+20.8% y/y
1.7%3.5%
Apr 20268.3 trn
+19.4% y/y
4.9 trn
+20.3% y/y
1.5%3.4%
Mar 20268.1 trn
+17.2% y/y
4.8 trn
+18.5% y/y
1.5%3.3%
Feb 20268.3 trn
+19.4% y/y
4.8 trn
+19.4% y/y
1.6%3.5%
Jan 20268.3 trn
+20.0% y/y
4.7 trn
+17.5% y/y
1.6%3.4%
Dec 20258.6 trn
+21.9% y/y
4.7 trn
+18.0% y/y
1.6%3.4%
Nov 20258.0 trn
+20.2% y/y
4.7 trn
+16.7% y/y
1.6%3.1%
Oct 20257.9 trn
+27.2% y/y
4.6 trn
+21.0% y/y
1.7%3.1%
Sep 20257.9 trn
+29.7% y/y
4.6 trn
+22.8% y/y
1.7%3.1%
Aug 20258.0 trn
+30.4% y/y
4.5 trn
+20.7% y/y
1.6%3.4%

Peer comparison

Group: Banks. Each peer is shown as it trades and re-priced onto this company's market (Kazakhstan) by the ratio of our coverage medians.

CompanyMarketCap, $bnP/EP/E, adjusted
State Bank of IndiaIndia95.910.7x3.4x
Emirates NBDUAE52.37.9x4.5x
BradescoBrazil37.17.9x4.8x
HDFC BankIndia117.516.0x5.1x
Abu Dhabi Commercial BankUAE34.49.6x5.5x
ICICI BankIndia100.217.1x5.5x
First Abu Dhabi BankUAE59.010.2x5.8x
Shinhan Financial GroupKorea36.89.3x6.1x
KB Financial GroupKorea44.59.8x6.5x
FirstRandSouth Africa32.312.0x9.6x
Bank Central AsiaIndonesia43.413.5x17.5x
Capitec BankSouth Africa31.730.7x24.7x
Group median10.4x5.7x
Group average12.9x8.3x
This companyKazakhstan1.93.8x3.8x

Group median 10.4x as traded, 5.7x adjusted; this company 3.8x — a 32% discount.

Group average 12.9x as traded, 8.3x adjusted; against the average this company is at a 54% discount. The average sits 46% above the median: Capitec Bank (24.7x) skews the group.

At the adjusted group median the market cap would be +48% versus today.

The gap and the implied upside are measured against the median: one richly priced peer moves an average, not a median. The market adjustment uses our coverage medians (US 29.1x, Russia 5.6x, South Africa 11.2x, Kazakhstan 9.0x, India 28.1x, Indonesia 6.9x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-09-20; the company's own is live.

Dividends

No dividend rows found for this issuer (checked: KASE news).

Investor reporting (IR): https://www.bcc.kz/en/about/financial-results/

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B), profitability and dividend yield of Bank CenterCredit JSC (CCBN) — from primary filings.

Frequently asked questions

What is Bank CenterCredit JSC (CCBN)'s P/E ratio?
Bank CenterCredit JSC (CCBN) trades at a P/E of 3.8x (price to trailing 12-month earnings).
What is Bank CenterCredit JSC (CCBN)'s P/B ratio?
Bank CenterCredit JSC (CCBN) trades at a P/B of 1.0x.
What is Bank CenterCredit JSC (CCBN)'s return on equity (ROE)?
Bank CenterCredit JSC (CCBN)'s ROE is 27.2%.
What is Bank CenterCredit JSC (CCBN)'s market capitalization?
Bank CenterCredit JSC (CCBN)'s market cap is 843.0 bn KZT.

See also: The Cheapest Bank Stocks in the World (2026): Where Global Banks Trade Below Book · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map