Results of activity of Alliance Bank JSC (Kazakhstan) in 2003

/IRBIS, Galina Tsalyuk, April 22, 04/ - Alliance Bank OJSC (Almaty), whose securities are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with the financial statement for 2003. The following indicators are the result of the bank's financial and economic activity in 2003, based upon the bank's data (th. KZT, unless otherwise specified): -------------------------------------------------------------------------- as of as of Change, Index Jan 1, 03 Jan 1, 04 % ----------------------------------------- ---------- ---------- ------- Authorized capital (paid) 1,945,810 3,575,000 +83.7 Shareholders' equity (acc-ing. to balance 2,095,213 3,869,386 +84.7 sheet) Total assets 21,986,037 50,441,181 +129.4 Liquid assets 5,550,761 17,923,374 +222.9 Credits granted (net) 15,386,303 31,202,360 +102.8 Liabilities, total 19,890,824 46,571,795 +134.1 Accounts and deposits 17,246,718 39,474,601 +128.9 Borrowed loans (excluding bonds) 2,045,420 3,922,868 +91.8 Floated bonds - 2,983,384 - Net interest income (loss) 658,757 1,723,659 +161.7 Net non-interest income (loss) 499,497 1,119,489 +124.1 General and administrative expenses 662,596 1,318,592 +99.0 Deductions to reserves 242,496 1,243,208 +412.7 Net income for the period 40,656 112,319 +176.3 ----------------------------------------- ---------- ---------- ------- Calculated by issuer's data: ----------------------------------------- ---------- ---------- ------- Return on equity (ROE), % 1.94 2.90 +49.6 Return on assets (ROA), % 0.18 0.22 +20.4 Book value of one share, KZT 10,767.82 10,823.46 +0.5 Earnings per share (EPS), KZT 208.94 314.18 +50.4 -------------------------------------------------------------------------- Price earnings ratio (P/E) was not calculated because of absence of market price on bank's common shares for the mentioned periods. Relative to 2002 there is increase of: - shareholders' equity of the bank (according to balance sheet) - by KZT1.8 bn. as the result of increase of the paid part of authorized capital by KZT1.6 bn. (floatation of shares of the 3rd issue), total reserves - by 71.7 m. and total sum of undistributed income - by 73.3 m.; - assets - by KZT28.4 bn., including: net-volume of loan portfolio - by 15.8 bn., securities in the bank's portfolio - by 9.4 bn., sums on accounts in other banks - by 2.1 bn. and other assets - by 1.1 bn.; - liabilities - by KZT26.7 bn. that was caused by increase of rests on bank accounts and deposits by 22.2 bn., borrowed loans - by 1.9 bn. and bonds floatation 3.0 bn., whereas there took place decrease of other liabilities by 407.7 m.; - net interest incomes - by KZT1.1 bn.; - net non-interest incomes - by KZT620.0 m.; - general and administrative expenses - by KZT656.0 m.; - deductions to reserves - by KZT1.0 bn. Net income, which Alliance Bank OJSC received in 2003, exceeded net income of 2002 by KZT71.7 m. (2.8 times). [2004-04-22]