Net profit of Eurasian Bank JSC in 2025 fell by 82% to 25.3 billion tenge. At the same time, remuneration expenses for top management and members of governing bodies reached 5.9 billion tenge.
HOW THE BANK'S FINANCIAL INDICATORS CHANGED
According to the bank's financial statements, net profit of Eurasian Bank in 2025 decreased by 82% — to 16.5 billion tenge against more than 90 billion tenge a year earlier. The bank attributed the decline in profit to an increase in expenses for provisioning, which rose to 381 billion tenge.
Furthermore, the bank's total comprehensive result for the year was negative — a loss of 5.9 billion tenge, whereas a comprehensive income was recorded a year earlier.
HOW MUCH MANAGEMENT MEMBERS RECEIVED
The bank allocated 5.9 billion tenge for payments to members of the Board of Directors, the Management Board, and key management personnel.
The bulk of the remuneration went to key management personnel — 3.2 billion tenge. A further 2.3 billion tenge was received by members of the Management Board.
WHAT IS KNOWN ABOUT THE SITUATION CONCERNING THE SHAREHOLDERS
2025 was accompanied by a corporate conflict between shareholders of Eurasian Financial Company (EFC) — Shukhrat Ibragimov and Patokh Shodiev.
The dispute arose around the management of the group's financial assets, which include Eurasian Bank. According to Bloomberg, some shareholders considered the possibility of selling these assets to businessman Timur Turlov for $1 billion, however Shukhrat Ibragimov opposed the deal and began to challenge the related decisions in court. Later, he stated that the deal did not go ahead and that the group's assets were not put up for sale. As part of the proceedings, the parties filed several lawsuits against each other.
Ultimately, the court ordered EFC to implement the decisions of the Board of Directors, including the approval of the financial statements of Eurasian Bank and Eurasian Capital JSC for 2024, as well as personnel appointments to the bank's Board of Directors. The court also refused to satisfy the claims of Patokh Shodiev and his daughter Munis Shodieva, who were contesting these decisions.