Results of activity of BTA Ipoteka JSC (Kazakhstan) for the I quarter of 2004

/IRBIS, Galina Tsalyuk, June 14, 04/ - BTA Ipoteka JSC (Almaty), whose securities are circulating in the official "B" 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) 40,000 40,000 0.0 Shareholders' equity (ac-g to balance sheet) 132,078 368,922 +179.3 Total assets 1,976,135 5,909,855 +199.1 Loans and financial rent (net) 1,885,177 5,529,389 +193.3 Total liabilities 1,821,934 5,492,126 +201.4 Borrowed loans (excluding bonds) 1,789,317 5,099,696 +185.0 Issued bonds - 391,000 - Net interest income before reserves 36,268 142,543 +293.0 Net non-interest income 37,464 76,409 +104.0 General administrative expenses 14,283 37,095 +159.7 Deductions to reserves 7,000 62,263 +789.5 Net income for the period 43,411 92,964 +114.1 ------------------------------------------------------------------------- Relative to similar period of 2003 there in increase of: - shareholders' equity - by 236.8 m. as the result of increase of reserve capital - 187.3 m and total sum of undistributed income - by 49.5 m.; - assets - by 3.9 bn., including: net-volume of loan portfolio - by 3.6 bn., funds in the National Bank - by 225.4 m and other assets - by 63.3 m; - liabilities - by 3.7 bn., of them: attracted loans - by 3.3 bn. bonds - by 391.0 m. and fall in other liabilities - by 31.2 m.; - net interest incomes - by KZT106.3 m.; - net non-interest incomes - by KZT38.9 m.; - general administrative expenses - by KZT22.8 m.; - deductions to reserves - by KZT55.3 m. Net income, the Company received in the I quarter of 2004, exceeded net income of similar period of 2003 by KZT49.5 m. Primary activities - retail mortgage financing, construction and consulting. [2004-06-14]