Results of activity of Bank CenterCredit JSC (Kazakhstan) in first 6 months of 2004

/IRBIS, Galina Tsalyuk, September 14, 04/ - Bank CenterCredit JSC (Almaty), whose securities are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with the financial statements for the first 6 months of 2004. Following indicators are result of the bank's financial and economic activity for the period, based upon the bank's data (th. KZT, unless otherwise specified): ---------------------------------------------------------------------- As of As of Indicator Jul 1, 03 Jul 1, 04 Change,% ----------------------------------- ---------- ----------- -------- Authorized capital (paidЧup) 4,154,851 6,017,100 +44.82 Shareholders' equity (ac-ng to balance sheet) 5,879,469 9,500,825 +61.59 Total assets 66,149,868 120,471,845 +82.12 Liquid assets 17,757,899 35,909,791 +102.22 Credits granted (net) 43,331,196 78,367,709 +80.9 Total liabilities 60,270,399 110,971,020 +84.1 Accounts and deposits 48,146,728 73,167,159 +52.0 Borrowed loans (excluding bonds) 8,582,365 30,714,828 +257.9 Issued bonds 2,170,440 4,137,501 +90.6 Net interest income before reserves 1,722,671 2,474,116 +43.6 Net non-interest income 1,220,065 1,676,091 +37.4 General administrative expenses 968,028 1,456,173 +50.4 Deductions to reserves 1,039,228 854,567 -17.8 Net income for the period 462,777 1,124,873 +143.1 Book value of one share, KZT 283.02 315.79 +11.6 ---------------------------------------------------------------------- Relative to similar period of 2003 there is increase of: - share capital (on balance) - by 3.5 bn tenge as a result of increase of paid part of authorized capital - 1.9 bn (underwriting of share stock of 4th emission), retained earnings - by 1.6 bn, additional capital - by 104.6 m with decrease of additional unpaid capital by 2.3 m; - assets rose by 54.3 bn, including net loan portfolio - by 35 bn, securities portfolio - 10.3 bn, correspondent accounts and accounts in other banks - 7.8 bn, depreciated cost of fixed assets - by 517.8 m and other assets - 664.3 m; - liabilities - by KZT 50.7 bn., including: accounts and deposits - 25.0 bn, borrowed loans (excluding bonds) - 22.1 bn, floated bonds - 2.0 bn; other liabilities - 1.6 bn; - net interest incomes - KZT 751.4 m; - net non-interest incomes - KZT 456.0 m; - general administrative expenses - KZT 488.1 m; Deductions to reserves decreased in comparison with similar period of 2003 by KZT 184.7 m. Net income earned by Bank CenterCredit OJSC for the reported period, exceeded its net income earned in similar period of 2003 by KZT 662.1 m. [2004-09-14]