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

/IRBIS, Galina Tsalyuk, June 25, 04/ - ATFBank JSC (Almaty), whose securities are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with non-audited 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 Indicator Apr 1, 03 Apr 1, 04 Change,% ------------------------------------------- ---------- ----------- -------- Authorized capital (paid) 3,100,000 6,940,824 +123.9 Shareholders' equity (according to balance) 5,875,117 10,189,561 +73.4 Total assets 68,002,928 104,457,205 +53.6 Liquid assets 25,007,332 33,606,008 +34.4 Credits granted (net) 37,410,860 66,869,601 +78.7 Total liabilities 62,127,811 94,267,644 +51.7 Accounts and deposits 45,927,227 67,067,601 +79.3 Borrowed loans (excluding bonds) 13,233,289 28,998,844 +119.1 Issued bonds 1,487,855 4,827,605 +224.5 Net interest income before reserves 1,005,560 1,541,765 +53.3 Net non-interest income) 435,858 643,849 +47.7 General and administrative expenses 513,490 780,357 +52.0 Deductions to reserves 313,319 543,935 +73.6 Net income for the period 390,604 485,145 +24.2 Book value of one share, KZT 1,895.20 1,468.06 -22.5 ------------------------------------------------------------------------------ Relative to the I quarter of 2003 there is increase of: - shareholders' equity - by KZT4.3 bn. as a result of increase of the paid part of authorized capital by 3.8 bn. (partial floatation of shares of the 8th issue), savings in funds and reserves - by 388.8 m., and total sum of undistributed income - by 84.8 m.; - assets - by KZT36.4 bn. that was caused by growth of net-volume of loan portfolio by 29.6 bn., securities in the bank's portfolio - by 6.1 bn., amounts on corresponding accounts and deposits in other banks - by 1.5 bn. whereas there took place decrease of other assets by 837.9 m.; - liabilities - by KZT32.1 bn. including: rests on deposit and other accounts - by 13.6 bn., borrowed loans (excluding bonds) - by 15.8 bn., floated bonds - by 3.3 bn. that was partially covered by decrease of other liabilities by 556.3 m.; - net interest incomes - by KZT536.2 m.; - net non-interest incomes - by KZT208.0 m.; - general and administrative expenses - by KZT266.9 m.; - deductions to reserves - by KZT230.6 m. Net income earned by ATFBank JSC in the I quarter of 2004 exceeded its net income of similar period of 2003 by KZT94.5 m. [2004-06-25]