/IRBIS, Galina Tsalyuk, July 2, 04/ - Tsesnabank JSC (Almaty), whose bonds are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with financial statement for I quarter 2004.

Following indicators are result of its financial and economic activity in I quarter 2004, based upon the bank's data (th. KZT, unless otherwise specified):

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                                                 As of       As of  Change,
Indicator                                    Apr 1, 03   Apr 1, 04        %
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Authorized capital (paid)                      531,067     531,567      0.1
Shareholders' equity (according to balance)  1,138,428   1,415,119    +24.3
Total assets                                 9,802,406  13,119,472    +33.8
Liquid assets                                3,593,624   3,515,463     -2.2
Loans granted (net)                          5,635,955   8,638,863    +53.3
Liabilities, total                           8,663,978  11,704,353    +35.1
Accounts and deposits                        7,482,909  10,786,432    +44.1
Attracted loans                                981,688     552,430    -43.7
Net interest income (loss)                     179,599     226,726    +26.2
Net non-interest income (loss)                  65,799     374,362   +468.9
General expenditures                           149,306     211,136    +41.4
Allocation to reserves                          45,319      32,030    -29.3
Net income                                      40,892      80,761    +97.5
Book value of a share, KZT                    2,143.66    2,650.20    +23.6
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No price earning ration was estimated as from December 04, 2003 no deals over common shares has been concluded.

Relative to I quarter 2003 there is growth of:

• shareholders equity (according to balance sheet) - by KZT 276.7 m. as the result of growth of final sum of undistributed income - by 289.3 m. paid-up part of authorized capital - 500.0 thousand, and lowering of reserves - by 13.1 m.;
• assets - by KZT 3.3 bn., including: net-volume of loan portfolio - by 3.0 bn., sums on correspondent accounts and deposits in other banks - by 807.3 m. and other assets - by 424.6 m.; and fall in securities in bank's portfolio - by 917.7 m,
• liabilities - by KZT 3.0 bn. including deposits in the bank - 3.3 bn., other liabilities - by 166.1 m.; while attracted loans fell by 429.2 m
• total interest income - 47.1 m;
• total non-interest income - 308.6 m;
• total administrative expenses - 61.8 m.

Net income, Tsesnabank JSC received in I quarter 2004, exceeded the net income for comparable period of 2003 by KZT 39.9 m.

[2004-07-02]