Results of HSBK (Kazakhstan) in the first 9 months of 1999

/KASE, Nov.15, 99, Galina Chudinova, Nadir Zhakupov/ - According to the KASE listing requirements Halyk Savings Bank of Kazakhstan (HSBK) (Almaty, official list of securities, category "A" provided the Kazakhstan Stock Exchange (KASE) with financial reports for October 01, 99: balance sheet and income statement. Following are the results of the emitter for the first half of 1999. All figures are given in tenge and as against the corresponding period of 1998. On Oct.01, On Oct.01, Increase / Indicator 1998, '000 1999, '000 decrease., % ---------------------------- -------------- -------------- ------------ Authorized paid-up capital 3,011,900 3,011,900 0.0 Shareholders equity 4,366,537 4,961,603 +13.6 Total assets 45,742,139 48,875,002 +6.8 Quick assets 14,681,021 18,067,251 +23.1 Loans and deposits 37,111,321 43,648,144 +17.6 Credits granted 21,762,462 20,503,015 -5.8 Income from operating activities 6,504,554 10,868,765 +67.1 Total expenses 6,421,108 10,288,623 +60.2 Net income (loss) 83,446 580,142 +595.2 ---------------------------- -------------- -------------- ------------ Increase in the shareholders equity by 595.07 million or 13.6% was stipulated by increase: - in reserve fund - by 155.67 million; - in undistributed profit - by 155.67 million; at decreasing: - in revaluation fund - by 44.06 million; - in revaluation reserves - by 6.57 million; - in fund of industrial and social development - by 4.11 million. As a result the book value per share increased by 19.76 tenge or 13.6% to 164.73 tenge per share. The bank's assets has increased by 3,132.86 million or by 6.8%, including increase in: - quick assets - by 3,386.23 million (increase in securities in the bank's portfolio - by 5,700.25 million, increase in cash - by 1,314.24 million, decrease in corresponding accounts by 3,628.26); - fixed assets depreciated cost - by 581.36 million; - intangible assets - by 351.16 million; - other assets - by 207.37 million; at decreasing in: - loan portfolio - by 1,259.45 million; - investments - by 133,81 million. Total liabilities has increased by 2,537.80 million or by 6.1%, including: - increase in volume of attracted means - by 1,124.00 million (increase in deposits - by 3,459.23 million and bank's debt to the government - by 270.79 million, at decreasing of attraction from other banks - by 160.50 million); - decrease in other liabilities - by 142.79 million. Income from operating activity has increased by 4,364.21 million or by 67.1%. Increase in interest income has amounted to 512.11 million or 14.9%, including: - income from credits - by 353.25 million; - proceeds from operation with securities - by 143.47 million; - income from deposits in other banks - by 15.39 million. Non-interest income has increased by 3,852.10 million or by 125.6%, in result of increase in: - income from revaluation - by 3,727.99 million; - other income - by 64,29 million; at decreasing in: - income from financial transactions - by 139.79 million; - commission income - by 38.90 million. Total expenses have increased by 3,867.51 million or by 60.2%. Rise of interest expenses has made 403.87 million or 41.3%, including: - increase in the bank deposits interest payment - by 616.49 million; - decrease in the interbank credits and deposits interest payment - by 212.62 million. Non-interest expense has increased by 1,954.23 million or by 50.9%, including: - expenses for staff - by 1,528.72 million; - other expenses - by 493.20 million; at decreasing in office and equipment expenses by 67.68 million. Except it, reserves for losses in classified assets and contingent liability increased more than 2 times or 1,551.63 million. The same time the tax payment decreased by 42.22 million. Net income has made 580.14 million, which is almost 7 times more than in the corresponding period of the previous year.