Results of activity of Eurasian bank JSC (Kazakhstan) in the I half of 2004

/IRBIS, Galina Tsalyuk, August 27, 04/ - Eurasian bank JSC (Almaty), whose bonds are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with financial statement for the I half of 2004. Following indicators are result of its financial and economic activity in the I half of 2004, based upon the bank's data (th. KZT): ---------------------------------------------------------------------------- As of As of Change, Indicator Jul 1, 03 Jul 1, 04 % ------------------------------------------- ---------- ---------- ------- Authorized capital (paid) 2,899,679 6,000,017 +106.9 Shareholders' equity (according to balance) 4,722,378 9,294,879 +96.8 Total assets 38,119,376 69,033,124 +81.1 Liquid assets 23,489,192 44,144,215 +87.9 Loans granted (net) 13,208,028 23,326,050 +76.6 Liabilities, total 33,396,999 59,738,245 +78.9 Clients' accounts and deposits 25,106,321 50,969,029 +103.0 Issued bonds - 730,033 - Indebtedness to banks 6,568,774 6,658,547 +1.4 Net interest income (loss) before reserves 795,231 1,059,817 +33.3 Net non-interest income (loss)* n/d 673,419 - General and administrative expenses* n/d 641,810 - Deductions to reserves 584,390 607,863 +4.0 Net income for the period 403,312 849,907 +110.7 ---------------------------------------------------------------------------- * - for the I half of 2003 "n/d" (no data) is shown in order not to mispresent information, which is given in the bank's financial statement for the mentioned period in accordance with changing of accounting form "Income statement" since January 1 of 2004. Relative to the I half of 2003 there is growth of: - shareholders equity (according to balance sheet) - by KZT4.6 bn. as the result of growth of the paid authorized capital by KZT3.1 bn. (floatation of the 4th issue shares) and undistributed income - by 1.5 bn., whereas reserves on revaluation fell by 69.1 m.; - assets - by KZT30.9 bn., including: net-volume of loan portfolio - by 10.1 bn., securities in bank's portfolio - by 6.2 bn., sums on correspondent accounts and deposits in other banks - by 12.8 bn. and other assets - by 1.7 bn.; - liabilities - by KZT26.3 bn. that was caused by growth of rests on deposit and other accounts of clients by 25.9 bn. and floatation of bonds for 730.0 m., whereas other liabilities decreased by 251.5 m.; - net interest incomes (before deductions to reserves) - by KZT264.6 m.; - deductions to reserves - by KZT23.5 m. Net income, which Eurasian bank JSC received in the I half of 2004, exceeded the net income of similar period of 2003 by KZT446.6 m. [2004-08-27]