Results of activity of Tsesnabank JSC (Kazakhstan) in I quarter 2004

/IRBIS, Galina Tsalyuk, July 2, 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 I quarter 2004. Following indicators are result of its financial and economic activity in I quarter 2004, based upon the bank's data (th. KZT, unless otherwise specified): --------------------------------------------------------------------------- As of As of Change, Indicator Apr 1, 03 Apr 1, 04 % ------------------------------------------- --------- ---------- ------- Authorized capital (paid) 531,067 531,567 0.1 Shareholders' equity (according to balance) 1,138,428 1,415,119 +24.3 Total assets 9,802,406 13,119,472 +33.8 Liquid assets 3,593,624 3,515,463 -2.2 Loans granted (net) 5,635,955 8,638,863 +53.3 Liabilities, total 8,663,978 11,704,353 +35.1 Accounts and deposits 7,482,909 10,786,432 +44.1 Attracted loans 981,688 552,430 -43.7 Net interest income (loss) 179,599 226,726 +26.2 Net non-interest income (loss) 65,799 374,362 +468.9 General expenditures 149,306 211,136 +41.4 Allocation to reserves 45,319 32,030 -29.3 Net income 40,892 80,761 +97.5 Book value of a share, KZT 2,143.66 2,650.20 +23.6 --------------------------------------------------------------------------- No price earning ration was estimated as from December 04, 2003 no deals over common shares has been concluded. Relative to I quarter 2003 there is growth of: - shareholders equity (according to balance sheet) - by KZT 276.7 m. as the result of growth of final sum of undistributed income - by 289.3 m. paid-up part of authorized capital - 500.0 thousand, and lowering of reserves - by 13.1 m.; - assets - by KZT 3.3 bn., including: net-volume of loan portfolio - by 3.0 bn., sums on correspondent accounts and deposits in other banks - by 807.3 m. and other assets - by 424.6 m.; and fall in securities in bank's portfolio - by 917.7 m, - liabilities - by KZT 3.0 bn. including deposits in the bank - 3.3 bn., other liabilities - by 166.1 m.; while attracted loans fell by 429.2 m - total interest income - 47.1 m; - total non-interest income - 308.6 m; - total administrative expenses - 61.8 m. Net income, Tsesnabank JSC received in I quarter 2004, exceeded the net income for comparable period of 2003 by KZT 39.9 m. [2004-07-02]