Analysis of audited financial statements for stakeholders on the example of “ForteBank” JSC and Silicon Valley Bank

Abstract

Today, banking assets account for ½ of Kazakhstan's GDP. Looking at economic stability and sustainability, the banking system plays a key role. This thesis examines one of Kazakhstan's leading banks, Fortebank, and specifically its financial performance over the past 5 years. Of particular importance of this project in the light of the new realities is comparative analysis with one of the leading Silicon Valley Bank (SVB) in the United States, whose management has failed to manage the risk management. The target audience of this paper is shareholders and depositors, that's why profitability and liquidity were the basis of the bank's analysis for each of the participants in the target audience, respectively. Horizontal analysis, descriptive statistics and correlation analysis were used as the key methods of analysis in this paper. The results of the study indicate the importance of the asset and liability portfolio and the analysis of external economic factors, which banks need to take into account to ensure the sustainability of their operations.