BTA Bank JSC (Kazakhstan) informs on Q1 2008 results

/KASE, May 29, 08/ - BTA Bank JSC (Almaty), securities of which are traded in the official list of Kazakhstan Stock Exchange (KASE) of category "A", provided KASE with the press release as follows: Quotation start According to preliminary data, in Q1 2008 BTA Bank JSC has been a Kazakhstan leader in respect of assets value due to borrowing deposits on the domestic market. Thus, in Q1 2008 bank consolidated assets grew 3 % and made KZT3,164 bn. ($26.2 bn.). The bank assets structure is observed to be transformed to increase credit transactions ratio at financial market transactions reduction. Such transformation has become possible without damaging bank liquidity thanks to reduction of international borrowings in liabilities of the bank. BTA is a leading Kazakhstan commercial bank in regard of its own capital, which grew 2.1 % reaching KZT463 bn. ($3.8 bn.) in Q1 2008 The bank credit portfolio made KZT2,401 bn. ($19.9 bn.) according to the results of Q1 2008. The bank is actively engaged in development of prospective and high profitable crediting of small and middle scale business. The security of loans under reserves indicator increased from 5.4 % at the end of 2007 to 6.3 % at the end of Q1 2007. Bank liabilities increased 3.1 % to KZT2,701 bn. ($22.4 bn..) in Q1 2007. The main growth factor was a KZT18.2 bn. client deposits increase to KZT670.7 bn. ($5.6 bn.), of which KZT13.6 bn. are individuals' deposits, which shows a recovery of clients' trust to the bank during the financial sector crisis in Kazakhstan. The bank is successfully meeting obligations before international investors, having paid off $530.9 m. and $15 m. of accrued interest in March 2008. This maturity is the biggest, subject to payment in 2008. BTA consolidated net profit according to the results of Q1 made KZT15.6 bn. ($129 m.), which is 25 % in excess of the same indicator according to the results of Q1 2007. The main factor that caused growth of the bank net profit has become net interest incomes increase. To contact Media: Adil Dosymov, BTA Bank press secretary 8 (727) 266 47 97, e-mail: dosymov@bta.kz Quotation end [2008-05-29]