Results of activity of DB Alfa-Bank OJSC (Kazakhstan) in first six months of 2004

/IRBIS, GalinaTsalyuk, August 26, 04/ - DB Alfa-Bank OJSC (Almaty), whose bonds are circulating in the stock exchange's official "А" listing category, provided KASE with financial statements for the first six months of 2004. Following indexes are result of the bank's financial and economic activity for the reported period, based on the bank's data (in th. KZT): ------------------------------------------------------------------ as of as of Increase / Index Jul 4, 03 Jul 1, 04 decrease, % -------------------------------- ---------- ---------- ----------- Issued authorized capital (paid) 1,000,000 1,000,000 0.0 Shareholders' equity 2,041,954 2,613,769 +28.0 Total assets 10,038,418 11,817,230 +17.7 Liquid assets 2,315,747 3,612,215 +56.0 Loans granted (net) 7,335,094 7,855,578 +7.1 Liabilities, total 7,996,464 9,203,461 +15.1 Accounts and deposits of clients 6,269,307 7,833,071 +24.9 Attracted credits 717,800 720,670 +0.4 Issued bonds 813,482 - - Net interest income 481,700 502,798 +4.4 Net non-interest income н/д 253,040 - General expenses н/д 242,896 - Deduction to reserves 442,746 80,226 -81.9 Net income for the period 232,612 343,343 +47.6 ------------------------------------------------------------------ Relative to the similar period of 2003 following changes occurred: - shareholders' equity rose (according to balance sheet) by KZT 571.8 m. as the result of increase retained earnings - 572.3 m., while revaluation reserves fell by 461.0 th.; - assets increased by KZT 1.8 bn., including: sum on correspondent accounts and deposits with other banks - by 1.3 bn., net-volume of loan portfolio - 520.5 m. while other assets decreased 74.4 th respectively; - liabilities rose by KZT 1.2 bn, including accounts and deposits - 1.6 bn; other liabilities - 456.7 m; while repurchase of issued bonds equaled - 813.5 m; - net interest income rose by KZT 21.1 m Deduction to reserves fell by KZT 362.5 m. Net income, which DB Alfa-Bank OJSC earned for the reported period exceeded its figure for the first six months of 2003 by KZT 110.7 m. [2004-08-26]