/IRBIS, Galina Tsalyuk, April 23, 04/ - ATFBank JSC (Almaty), whose securities are circulating in Kazakhstan stock exchange's (KASE) "А" listing category, presented KASE auditing results conducted by Ernst & Young (Almaty) on the bank's consolidated financial statements for 2003, prepared in compliance with International Financial Reporting Standards (IFRS).

Results of the bank's consolidated financial activities and financial position as of December 31 of 2002 and 2003 appears below (in th. KZT, unless otherwise specified):

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Indicator                                                   2002        2003
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Issued authorized capital (paid excluding withdrawn)   3,099,974   6,239,523
Shareholders' equity                                   5,142,817   8,342,233
Total assets                                          58,221,432  95,429,824
Sum of liquid assets                                  19,778,430  29,725,965
Loans to clients (net)                                34,761,711  60,487,547
Liabilities, total                                    53,049,890  87,107,591
Indebtedness to clients                               31,545,022  44,825,775
Indebtedness to finance organizations                 18,080,343  33,637,685
Funds and loans of the Government and                  1,351,420   3,445,225
the National bank
Issued bonds                                           1,593,595   4,345,969
Total revenues                                         7,143,859  10,476,241
Total expenses                                         6,136,138   9,020,228
Net income                                             1,005,686   1,456,013
Revenues per share, KZT                                   313.00      378.00
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It's been calculated according to auditor's data:
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Return on equity (ROE), %                                  19.56       17.45
Return on assets (ROA), %                                   1.73        1.53
Book value of one share, KZT                            1,658.99     1,337.0
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Audit of consolidated financial statements of the bank and daughter company (hereinafter - Group) for 2003 was conducted by Ernst & Young in compliance with International Standards on Auditing. The bank's financial statement was correspondingly corrected in order to bring it to conformity with international accounting standards.

The Group's consolidated financial statements as of December 31 of 2003 comprises financial statements of the bank and its daughter company - Insurance company ATF Policy CJSC (Almaty, insurance), in which the bank maintains100% ownership.

In the auditor's opinion the consolidated financial statement exactly in all essential aspects reflects the Group's consolidated financial position as of December 31 of 2003 and about consolidated results of its activity and cash flow for the year, which ended by the mentioned date, in compliance with International Financial Reporting Standards.

[2004-04-23]