Results of activity of DANABANK JSC (Kazakhstan) in the first half of 2004

/IRBIS, Galina Tsalyuk, September 24, 04/ - DANABANK JSC (Pavlodar), whose common shares are circulating in the official "B" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with the financial statement for the first 6 months of 2004. Following indicators are the result of the issuer's financial and economic activity for the period, based upon the issuer's information (th. KZT, unless otherwise specified): ------------------------------------------------------------------------- As of As of Change Indicator Jul 1, 04 Jul 1, 04 in % ------------------------------------------- --------- --------- ------ Authorized capital (paid) 763,000 1,000,000 +31.1 Shareholders' equity (according to balance) 782,034 1,037,538 +32.7 Total assets 2,815,220 2,594,906 -7.8 Liquid assets 101,196 403,442 +298.7 Loans to clients (net) 2,555,392 2,002,241 -21.6 Total liabilities 2,033,186 1,557,368 -23.4 Clients' accounts and deposits 1,511,134 964,884 -36.1 Borrowed loans 502,644 567,874 +13.0 Total revenues 162,373 150,572 -7.3 Total expenses 161,554 149,812 -7.3 Net income for the period 819 760 -7.2 Book value of one share, KZT 1,024.95 1,037.54 +1.2 ------------------------------------------------------------------------- Equity capital increased by KZT 255.5 m as a result of increase of paid-up capital - 237.0 m and revaluation reserves- 44.0 m and decrease of retained earnings - 25.5 m. Compared to similar period of 2003 following accounts decreased: - Assets - 220.3 m, net loan portfolio - 553.1 m, compensated by growth of accounts in banks -244.7 m and other assets - 88.2 m; - Liabilities - 475.8 m, including deposits and accounts - 546.2 m, compensated by growth of borrowed loans (from the government) - 65.2 m and other liabilities - на 5.2 m; - General income - 11.8 m; - Expenses - 11.7 m. Net income DANABANK received in the reported period is KZT 59.0 thousands lower compared to similar period of 2003. [2004-09-24]