Results of activity of Halyk savings bank of Kazakhstan JSC in the I quarter of 2004

/IRBIS, Galina Tsalyuk, June 11, 04/ - Halyk savings bank of Kazakhstan JSC (Almaty), whose securities are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with financial statement for the I quarter of 2004. Following indexes are the result of the bank's financial and economic activity in the I quarter of 2004, based on the bank's data (th. KZT, unless otherwise specified): ---------------------------------------------------------------------------- as of as of Change, Index Apr 1, 03 Apr 1, 04 % ----------------------------------------- ----------- ----------- ------- Authorized capital (paid excluding 9,881,892 9,880,461 -0.01 withdrawn) Shareholders' equity (acc-ing. to balance 17,898,110 22,544,202 +26.0 sheet) Total assets 219,107,485 273,809,213 +25.0 Liquid assets 64,153,903 81,581,507 +27.2 Loans to clients (net) 137,344,807 178,000,890 +29.6 Liabilities, total 201,209,375 251,265,011 +24.9 Accounts and deposits 149,906,739 174,641,022 +16.5 Borrowed loans (excluding bonds) 38,794,761 57,580,960 +48.4 Issued bonds 4,474,763 8,734,599 +95.2 Net interest income before reserves 3,170,411 4,025,407 +27.0 Net non-interest income 1,391,602 2,245,489 +61.4 Deductions to reserves 3,358,281 1,233,304 -63.3 Net income for the period 1,142,069 1,626,575 +42.4 Book value of one share, KZT 181.12 228.2 +26.0 ---------------------------------------------------------------------------- Relative to the I quarter of 2003 there is increase of: - shareholders' equity (according to balance sheet) - by KZT4.6 bn. as the result of increase of total sum of undistributed income by 4.5 bn. and savings in funds and reserves - by 182.3 m., whereas there was withdrawal of capital (purchase of common shares) for 1.4 m.; - assets - by KZT54.7 bn. that was caused by growth of net-volume of loan portfolio by 40.6 bn., securities in the bank's portfolio - by 13.0 bn., sums on correspondent accounts and deposits in other banks - by 3.6 bn., whereas there took place decrease of other assets by 2.6 bn.; - liabilities - by KZT50.0 bn., including: accounts and deposits - by 24.7 bn., borrowed loans (excluding bonds) - by 18.8 bn., offered bonds - by 4.2 bn., and other liabilities - by 2.3 bn.; - net interest incomes - by KZT855.0 m.; - net non-interest incomes - by KZT853.9 m. Deductions to reserves decreased in the reporting period by KZT2.1 bn. in comparison with the I quarter of 2003. Net income, which Halyk savings bank of Kazakhstan JSC received in the I quarter of 2004 exceeded net income received in similar period of 2003 by KZT484.5 m. [2004-06-11]