/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):

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                                                  As of       As of  Change,
Indicator                                     Jul 1, 03   Jul 1, 04        %
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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
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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]