Results of activity of Valut-tranzit Bank OJSC (Kazakhstan) for the I quarter of 2004

/IRBIS, Galina Tsalyuk, June 14, 04/ - Valut-tranzit Bank OJSC (Karaganda), whose securities are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with the financial statement for the I quarter of 2004. Following indicators are result of the bank's financial and economic activity in the I quarter of 2004, based upon the bank's information (th. KZT, unless otherwise specified): ------------------------------------------------------------------------------ As of As of Indicator Apr 1, 03 Apr 1, 04 Change,% -------------------------------------------- ---------- ---------- -------- Authorized capital (paid) 1,843,027 3,511,262 +90.5 Shareholders' equity (ac-g to balance sheet) 3,601,833 5,990,475 +66.3 Total assets 18,198,410 35,046,610 +92.6 Liquid assets 4,582,262 10,639,547 +132.2 Loans to clients (net) 11,669,956 20,074,523 +72.0 Total liabilities 14,596,577 29,056,135 +99.1 Accounts and deposits 12,265,198 26,184,285 +113.5 Borrowed loans (excluding bonds) 500,606 669,861 +33.8 Issued bonds 1,516,551 1,388,116 -8.5 Net interest income before reserves 274,705 440,032 +60.2 Net non-interest income 540,168 741,150 +37.2 General administrative expenses 317,270 598,395 +88.6 Deductions to reserves 75,835 107,822 +42.2 Net income for the period 73,461 159,525 +117.2 Book value of one share, KZT 313.20 n/a - ------------------------------------------------------------------------------ Relative to similar period of 2003 there in increase of: - shareholders' equity (according to balance sheet) - by KZT2.4 bn. as the result of increase of paid part of authorized capital by KZT1.7 bn. (additional floatation of the 8th shares issue), reserve capital - by KZT288.2 m. and total sum of undistributed income - by 432.1 m.; - assets - by KZT16.8 bn., including: net-volume of loan portfolio - by 8.4 bn., securities in the bank's portfolio - by 4.8 bn., residual value of fixed assets - by 754.8 m., refined precious metals - by 514.0 m. and other assets - by 2.4 bn.; - liabilities - by KZT14.4 bn., of them: rests on deposit and other accounts - by 13.9 bn. borrowed loans (excluding bonds) - by 169.2 m. and other liabilities - by 371.2 m.; - net interest incomes - by KZT165.3 m.; - net non-interest incomes - by KZT201.0 m.; - general administrative expenses - by KZT281.1 m.; - deductions to reserves - by KZT32.0 m. Net income, which Valut-tranzit Bank OJSC received in the I quarter of 2004, exceeded net income of similar period of 2003 by KZT86.1 m. [2004-06-14]