/IRBIS, Galina Tsalyuk, November 26, 04/ - Tsesnabank JSC (Astana), whose securities are circulating in the official "A" listing category of Kazakhstan stock exchange (KASE), provided KASE with the financial statement for 9 months of 2004.

Following indicators are result of the issuer's financial and economic activity in 9 months of 2004, based upon the issuer's data (th. KZT, unless otherwise specified):

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                                                    As of      As of
Indicator                                       Oct 1, 03  Oct 1, 04 Change,%
---------------------------------------------- ---------- ---------- --------
Authorized capital (paid excluding withdrawn)     531,067    777,894    +46.5
Shareholders' equity                            1,287,845  1,936,199    +50.3
Total assets                                   12,030,093 17,156,569    +42.6
Liquid assets                                   3,675,541  5,006,161    +36.2
Credits granted (net)                           7,644,943 11,190,930    +46.4
Total liabilities                              10,742,248 15,220,370    +41.7
Accounts and deposits                           8,705,113 12,526,317    +43.9
Attracted loans (excluding bonds)               1,861,644  1,199,837    -35.5
Issued bonds                                            -  1,285,885        -
Net interest income before reserves               571,747    720,028    +25.9
Net non interest income                           371,495    521,524    +40.4
General administrative expenses                   502,677    665,143    +32.3
Deductions for reserves (recovery of reserves)    138,676   (23,803)        -
Net income for the period                         190,309    456,374   +139.8
Book value of one share, KZT                     2,425.01   2,489.03     +2.6
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Relative to 9 months of 2003 there growth of:

• shareholders' equity (according to balance) - by KZT648.3 m. in the result of increase of total amount of undistributed profit by 414.6 m. and paid authorized capital - by 246.8 m. with decrease of amount of reserves by 131.4 m.;
• assets - by KZT5.1 m. including: net-volume of loan portfolio - by 3.5 bn., securities in bank portfolio - by 900.5 m., amounts placed in other banks - by 365.0 m. and other assets - by 314.9 m.;
• liabilities - by KZT4.5 bn., what was caused by placement of bonds for the amount of 1.3 bn., growth of rests at deposit and other accounts by 3.8 bn. And other liabilities - by 32.8 m. with decrease of volume of attracted loans by 661.8 m.;
• net interest incomes - by KZT148.3 m.;
• net non- interest incomes - KZT150.0 m.;
• general administrative expenses - by KZT162.5 m.

Net profit, which Tsesnabank JSC received in 9 months of 2004, exceeded its net profit of similar period of 2003 by KZT266.1 m.

[2004-11-26]