Results of activity of Alliance Bank JSC (Kazakhstan) in the I quarter of 2004

/IRBIS, Galina Tsalyuk, June 24, 04/ - Alliance Bank JSC (Almaty), 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 the result of the bank's financial and economic activity in the I quarter of 2004, based upon the bank's data (th. KZT, unless otherwise specified): --------------------------------------------------------------------------- as of as of Change, Index Apr 1, 03 Apr 1, 04 % ------------------------------------------ ---------- ---------- ------- Authorized capital (paid) 2,000,000 3,575,000 +78.8 Shareholders' equity (acc-ing. to balance 2,285,758 4,104,297 +79.6 sheet) Total assets 31,299,854 57,105,849 +82.4 Liquid assets 9,657,005 19,594,384 +102.9 Credits granted (net) 20,267,791 36,109,289 +78.2 Liabilities, total 29,014,096 53,001,552 +82.7 Accounts and deposits 22,831,632 41,671,739 +82.5 Borrowed loans (excluding bonds) 2,294,328 7,390,054 +222.1 Issued bonds 1,371,494 3,543,438 +158.4 Net interest income (loss) before reserves 316,892 608,173 +91.9 Net non-interest income (loss) (99,125) 368,410 +471.7 Deductions to reserves 128,957 272,234 +111.1 Net income for the period 91,366 240,251 +163.0 Book value of one share, KZT 11,428.79 11,480.55 +0.5 --------------------------------------------------------------------------- Relative to the I quarter of 2003 there is increase of: - shareholders' equity of the bank (according to balance sheet) - by KZT1.8 bn. as the result of increase of the paid part of authorized capital by KZT1.6 bn. (floatation of shares of the 3rd issue), total sum of undistributed income - by 222.2 m. and savings in funds and reserves - by 21.3 m.; - assets - by KZT25.8 bn., including: net-volume of loan portfolio - by 15.8 bn., securities in the bank's portfolio - by 7.5 bn., sums on accounts in other banks - by 2.0 bn. and other assets - by 432.3 m.; - liabilities - by KZT24.0 bn. that was caused by increase of rests on deposits and other accounts by 17.3 bn., borrowed loans (excluding bonds) - by 5.1 bn., floated bonds - 2.2 bn., whereas there took place decrease of other liabilities by 579.0 m.; - net interest incomes - by KZT291.3 m.; - deductions to reserves - by KZT143.3 m. Net income, which Alliance Bank OJSC received in the I quarter of 2004, exceeded net income of similar period of 2003 by KZT148.9 m. [2004-06-24]