Results of activity of Tsesnabank JSC (Kazakhstan) in 2003

/IRBIS, Galina Tsalyuk, July 01, 04/ - Tsesnabank JSC (Almaty), whose bonds are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with financial statement for 2003. Following indicators are result of its financial and economic activity in 2003, based upon the bank's data (th. KZT, unless otherwise specified): ------------------------------------------------------------------------ As of As of Change, Indicator Jan 1, 03 Jan 1, 03 % ------------------------------------------- --------- ---------- ------- Authorized capital (paid) 531,067 531,067 0.0 Shareholders' equity (according to balance) 1,097,536 1,333,839 +21.5 Total assets 8,996,381 12,146,159 +35.0 Liquid assets 3,046,474 3,927,891 +28.9 Loans granted (net) 5,461,837 7,522,837 +37.7 Liabilities, total 7,898,845 10,812,320 +36.9 Accounts and deposits 7,171,944 9,808,719 +36.8 Attracted loans 530,074 941,853 +77.7 Total revenues 1,467,654 1,835,311 +25.1 Total expenditures 1,172,941 1,516,273 +29.3 Net income 294,713 319,038 +8.3 ------------------------------------------- --------- ---------- ------- Calculated by issuer's data: ------------------------------------------- --------- ---------- ------- Return on equity (ROE), % 26.85 23.92 -10.9 Return on assets (ROA), % 3.28 2.63 -19.8 Earning per share (EPS), % 554.95 600.75 +8.3 Book value of a share, KZT 2,066.66 2,511.62 +21.5 ------------------------------------------------------------------------ No price earning ration was estimated as from December 04, 2003 no deals over common shares has been concluded. Relative to 2002 there is growth of: - shareholders equity (according to balance sheet) - by KZT 236.3 m. as the result of growth of final sum of undistributed income - by 249.4 m. and lowering of reserves - by 13.1 m.; - assets - by KZT 3.1 bn., including: net-volume of loan portfolio - by 2.1 bn., securities in bank's portfolio - by 730.1 m, sums on correspondent accounts and deposits in other banks - by 212.6 m. and other assets - by 146.1 m.; - liabilities - by KZT 2.9 bn. including deposits in the bank - 2.6 bn., attracted loans - 411.8 m; while other liabilities fell by 135.1 m.; - total income - 367.7 m; - total expenses - 343.3 m. Net income, Tsesnabank JSC received in 2003, exceeded the net income of the year 2002 by KZT 24.3 m. [2004-07-01]