Results of activity of Industrial Bank Kazakhstan (Kazakhstan) for the I quarter of 2004

/IRBIS, Galina Tsalyuk, June 28, 04/ - Industrial Bank Kazakhstan OJSC (Almaty), whose common shares are circulating in Kazakhstan stock exchange's (KASE) official "B" listing category, provided KASE with the financial statement for the I quarter of 2004. The following indicators are results of the bank's financial and economic activity for the I quarter of 2004, based upon the bank's information (in th. KZT): ----------------------------------------------------------------- As of As of Indicator Apr 1, 03 Apr 1, 04 Change,% ------------------------------------ --------- --------- -------- Authorized capital (paid) 1,000,000 1,000,000 0.0 Shareholders' equity (balance sheet) 1,215,130 1,156,563 -4.8 Total assets 1,983,673 2,226,974 +12.3 Liquid assets 242,966 245,420 +1.0 Credits granted (net) 1,626,047 1,834,356 +12.8 Total liabilities 768,543 1,070,411 +39.3 Accounts and deposits 677,271 1,008,015 +48.8 Attracted loans 71,466 24,046 -66.4 Total revenues 270,908 119,347 -55.9 Total expenses 117,917 82,268 -30.2 Net income for the period 152,991 37,079 -75.8 Book value of a share, KZT 1,215.13 1,156.56 -4.8 ----------------------------------------------------------------- Relative to similar period of 2003 there are following changes: - shareholders' equity of the bank (according to balance sheet) fell by KZT 58.6 m. as the result of growth of uncovered loss by the same figure; - assets increased by KZT 243.3 m. in accordance with growth of net loan portfolio - 208.3 m. accounts and deposits in banks - 112.2 m; other assets - 32.5 m and fall of cash currency - 109.8 m; - liabilities increased by KZT 301.9 m. including net balance of deposit accounts - 330.7 m, other liabilities - by 18.5 m.; and fall in attracted loans - 47.4 m. - revenues fell by KZT 151.6 m.; - expenses fell by KZT 35.6 m. Net income, which Industrial Bank Kazakhstan OJSC received according to results of the I quarter of 2004, decreased the net income of similar period of 2003 by KZT 115.9 m. [2004-06-28]