Results of activity of DB Alfa-Bank OJSC (Kazakhstan) for Q1 2004

/IRBIS, GalinaTsalyuk, June 9, 04/ - DB Alfa-Bank OJSC (Almaty), whose bonds are circulating in the stock exchange's official "А" listing category, provided KASE with financial statements for the first quarter of 2004. Following indexes are result of the bank's financial and economic activity for the first quarter of 2004, based on the bank's data (in th. KZT): --------------------------------------------------------------------- as of as of Increase / Index Apr 4, 03 Apr 1, 04 decrease, % -------------------------------- ---------- ---------- ----------- Issued authorized capital (paid) 1,000,000 1,000,000 0.0 Shareholders' equity 2,053,162 2,498,459 +21.7 Total assets 10,029,651 11,196,177 +11.6 Liquid assets 2,313,639 4,146,493 +79.2 Loans lent (net) 7,291,032 6,671,696 -8.5 Liabilities, total 7,976,489 8,697,718 +9.0 Accounts and deposits of clients 5,797,304 7,578,725 +30.7 Attracted credits 1,077,810 702,101 -34.9 Issued bonds 844,275 - - Total revenues 637,786 433,603 -32.0 General expenses 393,966 205,570 -47.8 Net income for the period 243,820 228,033 -6.5 --------------------------------------------------------------------- Relative to the first quarter of 2003 following changes occured: - the bank's shareholders' equity rose (according to balance sheet) by KZT445.3 m. as the result of increase of total sum of undistributed income by 445.8 m., while revaluation reserves fell by 453.0 th.; - assets increased by KZT1.2 bn., including: sum on correspondent accounts and deposits with other banks - by 1.8 bn., while net-volume of loan portfolio and other assets decreased by 619.3 m. and 145.0 th respectively; - liabilities rose by KZT721.2 m due to increase in accounts and deposits by 1.8 bn and other liabilities by 159.8 m. what has been partially offset by decrease in volume of attracted loans by 375.7 m and redemption of bonds for 844.3 m; - revenues fell by KZT204.2 m; - expenses decreased by KZT188.4 m. Net income, which DB Alfa-Bank OJSC earned by the results of the Q1 2004, decreased in comparison with the net income of similar period of 2003 by KZT15.8 m. [2004-06-09]