Results of activity of Tsesnabank JSC (Kazakhstan) in first six months of 2004

/IRBIS, Galina Tsalyuk, August 31, 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 the first six months of 2004. Following indicators are result of its financial and economic activity in the reported period, based upon the bank's data (th. KZT, unless otherwise specified): ---------------------------------------------------------------------------- As of As of Change, Indicator Jul 1, 03 Jul 1, 04 % ------------------------------------------- ---------- ---------- ------- Authorized capital (paid) 531,067 731,570 +37.8 Shareholders' equity (according to balance) 1,192,196 1,727,524 +44.9 Total assets 11,871,202 15,690,558 +32.2 Liquid assets 4,088,113 5,034,730 +23.2 Loans granted (net) 7,111,850 9,763,211 +37.3 Liabilities, total 10,679,006 13,963,034 +30.8 Accounts and deposits 8,692,915 11,685,312 +34.4 Attracted loans 1,748,003 2,062,722 +18.0 Net interest income (loss) 372,489 464,116 +24.6 Net non-interest income (loss) 506,057 860,871 +70.1 General expenditures 320,943 410,563 +27.9 Allocation to reserves -38,334 105,961 - Net income 94,660 294,023 +210.6 Book value of a share, KZT 2,244.91 2,340.36 +4.3 ---------------------------------------------------------------------------- Relative to similar period of 2003 there is growth of: - shareholders equity (according to balance sheet) - by KZT 535.3 m. as the result of growth of retained earnings - by 347.9 m. paid-up part of authorized capital - 200.5 m, while reserves decreased by 13.1 m.; - assets - by KZT 3.8 bn., including: net-volume of loan portfolio - by 2.6 bn., sums on correspondent accounts and deposits in other banks - by 472.5 m. cash - 434.6 m; and other assets - by 350.6 m. - liabilities - by KZT 3.3 bn. including deposits and accounts - 3.0 bn; attracted loans - 314.7 m; while other liabilities fell by 23.1 m. - total interest income - 91.6 m; - total non-interest income - 354.8 m; - total administrative expenses - 89.6 m. Net income, Tsesnabank JSC received in the first six months of 2004, exceeded the net income for comparable period of 2003 by KZT 199.4 m. [2004-08-31]