Results of activity of Kazinvestbank JSC (Kazakhstan) in 2003

/IRBIS, Galina Tsalyuk, May 7, 04/ - Kazinvestbank JSC (Almaty), whose securities are circulating in Kazakhstan stock exchange's (KASE) official "B" listing category, provided KASE with the financial statements for 2003. 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-up) 1,000,000 1,000,000 0.0 Shareholders' equity (acc-ing. 979,506 1,056,716 +7.9 to balance sheet) Total assets 1,100,051 1,182,493 +7.5 Liquid assets 205,380 96,031 -53.2 Loan portfolio (net) 769,908 973,000 +26.4 Liabilities, total 120,545 125,777 +4.3 Accounts and deposits 74,537 109,762 +47.3 Borrowed loans 40,670 12,582 -69.1 Issued bonds 100,172 99,052 -1.1 Net interest income (loss) 32,663 121,649 +272.4 Net non-interest income (loss) 66,774 87,111 +30.5 General and administrative expenses 174,651 33,714 -80.7 Deductions to reserves (109,848) 77,210 +170.3 Net income 378.073 724.243 +91.6 ----------------------------------- --------- --------- ------- Calculated by issuer's data: ----------------------------------- --------- --------- ------- Return on equity (ROE), % -11.21 7.31 +165.2 Return on assets (ROA), % -9.99 6.53 +165.4 Earnings per share (EPS), KZT* (10.98) 7.72 +170.3 Book price of a share, KZT* 97.95 105.67 +7.9 ------------------------------------------------------------------ * - Earnings per share (EPS) and price earning ratio (P/E) as of January 1 of 2004 have been calculated without dividends on privileged shares. Relative to 2002 there is increase of (in tenge): - shareholders' equity (according to balance sheet) - by 77.2 m; - assets - by 82.4 m., including: net-volume of loan portfolio - 203.1 m and decrease of deposits in correspondent banks - 109.3 m and other assets -11.3 m; - liabilities - by 5.2 bn. of them: current accounts and deposits - 35.2 m, and decrease of attracted loans - 28.1 m, and other liabilities - 1.9 m; - net non-interest incomes - 89.0 bn.; - general and administrative expenses - by 20.3 m.; Net interest income fell by KZT1.1 m, reserves deductions - KZT140.9 m. Net consolidated income Kazinvestbank JSC in 2003 was KZT77.2 m compared to KZT109.8 m of loss in 2002. [2004-05-07]