Results of activity of Development Bank of Kazakhstan JSC (Kazakhstan) for the I quarter, 2004

/IRBIS, Galina Tsalyuk, July 9, 04/ - Development Bank of Kazakhstan JSC (Astana), whose bonds are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with the financial statement for the I quarter, 2004, which was prepared in compliance with international standards. The following indicators are results of the bank's financial and economic activity for the I quarter, 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) 30,000,000 45,365,000 +51.2 Shareholders' equity 34,182,913 50,237,151 +47.0 Book value of assets 57,270,536 87,415,891 +52.6 Liquid assets 45,048,139 68,538,497 +52.1 Reverse repo operations 17,897,182 1,000,001 -94.4 Securities 11,081,814 51,842,464 +367.8 Loans granted 12,017,011 17,201,447 +43.1 Total liabilities 24,298,292 37,178,740 +53.0 Loans (excluding repo and accounts) 4,303,345 4,645,003 +7.9 Issued bonds 19,831,660 31,891,026 +60.8 Total revenues 1,139,492 4,330,816 +280.1 Total expenses 977,651 3,479,736 +255.9 Net income for the period 161,841 851,080 +425.9 --------------------------------------------------------------------- Relative to similar period of 2003 there is increase of: - shareholders' equity of the bank - by 16.1 bn as the result of increase of the paid part of authorized capital by 15.4 bn, and undistributed profit and reserves - 689.2 m; - assets - by 30.0 bn, including: net volume of securities portfolio - 40.7 bn; net-volume of loan portfolio - by 5.2 bn, and other assets - 1.1 bn; whereas there took place decrease of reverse repo operations - by 16.9 bn; - liabilities - by 12.9 bn, including: on issued bonds - by 12.1 bn, attracted loans - by 341.6 m and other liabilities - by 479.4 m; - revenues - by 3.2 bn; - expenses - by 2.5 bn; Net income, which Development Bank of Kazakhstan CJSC received in the I quarter of 2004, increased in comparison with similar period of 2003 by 689.2 m. Primary activity: rendering of banking services (excluding attracting of deposits and opening of banking accounts for individuals and legal entities, excluding opening and maintaining of accounts of conditional deposit, reserve accounts in accordance with agreements on loans, which are guaranteed by the state, and also on servicing investment projects, which are financed at the expense of Republican and local budgets' means). [2004-07-09]