Results of activity of Valut-Tranzit Bank OJSC (Kazakhstan) in first half of 2004

/IRBIS, Galina Tsalyuk, September 23, 04/ - Valut-Tranzit Bank OJSC (Karaganda), whose securities are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with the financial statement 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 information (th. KZT, unless otherwise specified): --------------------------------------------------------------------------- As of As of Indicator Jul 1, 03 Jul 1, 04 Change,% -------------------------------------------- ---------- ---------- -------- Authorized capital (paid-up minus withdrawn) 2,300,000 4,940,255 +114.8 Shareholders' equity (ac-g to balance sheet) 4,123,060 6,951,061 +68.6 Total assets 20,868,050 38,243,932 +83.3 Liquid assets 5,139,493 10,488,990 +104.1 Loans portfolio (net) 13,324,401 23,096,689 +73.3 Total liabilities 16,744,990 31,292,871 +86.9 Accounts and deposits 14,245,995 27,289,793 +91.6 Borrowed loans (excluding bonds) 544,826 1,477,882 +171.3 Issued bonds 1,519,777 1,398,121 -8.0 Net interest income before reserves 580,471 807,839 +39.2 Net non-interest income 1,087,682 1,689,977 +55.4 General administrative expenses 766,679 1,201,581 +56.7 Deductions to reserves 258,998 508,909 +96.5 Net income for the period 227,515 372,608 +63.8 Book value of one share, KZT 358.53 331.34 -7.6 --------------------------------------------------------------------------- Relative to similar period of 2003 there in increase of: - shareholders' equity (according to balance sheet) - by KZT 2.8 bn as the result of increase of paid-up part of authorized capital by 2.6 bn, additional capital - by 500.0 m, retained earnings - 145.1 m; while reserve capital fell by 457.3 m; - assets - by KZT 17.4 bn, including: net-volume of loan portfolio - by 9.8 bn, securities in the bank's portfolio - by 5.3 bn, refined precious metals - 453.0 m, other assets - by 1.8 bn; - liabilities - by KZT 14.5 bn, of them: deposit and other accounts - by 13.0 bn borrowed loans (excluding bonds) - by 933.0 m, and other liabilities - - 571.0 m.; - net interest incomes - by 227.4 m; - net non-interest incomes - by 602.3 m; - general administrative expenses - by 434.9 m; - deductions to reserves - by 249.9 m; Net income, which Valut-tranzit Bank OJSC received for the period, exceeded net income of similar period of 2003 by 145.1 m. [2004-09-23]