Results of activity of Bank CenterCredit JSC (Kazakhstan) in the I quarter of 2004

/IRBIS, Galina Tsalyuk, June 23, 04/ - Bank CenterCredit JSC (Almaty), whose securities are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with the financial statements for the I quarter of 2004. Following indicators are result of the bank's financial and economic activity in the I quarter of 2004, based upon the bank's data (th. KZT, unless otherwise specified): ------------------------------------------------------------------------------- As of As of Indicator Apr 1, 03 Apr 1, 04 Change,% --------------------------------------------- ---------- ---------- -------- Authorized capital (paid) 3,669,030 5,063,339 +38.0 Shareholders' equity (ac-ng to balance sheet) 5,145,836 7,987,862 +55.2 Total assets 59,664,259 95,152,276 +59.5 Liquid assets 17,790,488 24,354,374 +36.9 Credits granted (net) 37,136,931 66,507,473 +79.1 Total liabilities 54,518,423 87,164,414 +59.9 Accounts and deposits 41,963,385 61,869,549 +47.4 Borrowed loans (excluding bonds) 9,005,096 19,885,792 +120.8 Issued bonds 2,236,093 4,273,653 +91.1 Net interest income before reserves 707,033 1,053,496 +49.0 Net non-interest income 568,891 917,229 +61.2 General administrative expenses 571,892 810,911 +41.8 Deductions to reserves 603,023 301,208 -50.1 Net income for the period 158,159 565,671 +257.7 Book value of one share, KZT 280.50 315.52 +12.5 ------------------------------------------------------------------------------- Relative to similar period of 2003 there is increase of: - shareholders' equity (according to balance sheet) - by KZT2.4 bn. as the result of increase of paid part of authorized capital by 1.4 bn. (floatation of the 4th share issue), total sum of net income (previous years and reporting period) - by 812.6 m., additional capital - by 104.6 m. and savings in funds and reserves - by 530.5 m.; - assets - by KZT35.5 bn., that was caused by growth of net-volume of loan portfolio by 29.4 bn., securities in the bank's portfolio - by 7.8 bn., residual value of fixed assets - by 628.6 m., whereas there took place decrease of sums on correspondent accounts and deposits in other banks by 1.5 bn. and other assets - by 704.3 m.; - liabilities - by KZT32.6 bn., including: accounts and deposits - by 19.9 bn., borrowed loans (excluding bonds) - 10.9 bn., floated bonds - by 2.0 bn. that was partially covered by the decrease of other liabilities by 178.4 m.; - net interest incomes - by KZT346.5 m.; - net non-interest incomes - by KZT348.3 m.; - general administrative expenses - by KZT239.0 m. deductions to reserves decreased in comparison with the I quarter of 2003 by KZT301.8 m. Net income earned by Bank CenterCredit OJSC in the I quarter of 2004, exceeded its net income earned in similar period of 2003 by KZT407.5 m. [2004-06-23]