/IRBIS, Galina Tsalyuk, September 27, 04/ - Temirbank 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 half of 2004.

Following indicators are the result of the bank's financial and economic activity in the I half of 2004, based upon the bank's data (th. KZT, unless otherwise specified):

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                                          as of       as of  Change,
Index                                 Jul 1, 03   Jul 1, 04        %
-----------------------------------  ----------  ----------  -------
Authorized capital (paid-up)          2,700,000   3,277,500    +21.4
Shareholders' equity (acc-ing.        3,930,667   4,755,350    +21.0
to balance sheet)
Total assets                         25,471,909  31,835,356    +25.0
Liquid assets                         7,655,503   8,574,934    +12.0
Credits granted (net)                15,440,109  20,713,685    +34.2
Liabilities, total                   21,541,242  27,080,006    +25.7
Accounts and deposits                13,264,191  15,330,924    +15.6
Borrowed loans (excluding bonds)      5,396,889   8,965,807    +66.1
Issued bonds                          2,254,408   2,635,644    +16.9
Net interest income before reserves     681,289     909,671    +33.5
Net non-interest income                 941,100     899,666     -4.4
General administrative expenses         930,108     826,132    -11.2
Deductions to reserves                   69,252     316,419   +356.9
Net income for the period               101,465     145,904    +43.8
Book value of one share, KZT           1,455.80         n/d        -
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Relative to the first half of 2003 there is increase of (in tenge):

• shareholders' equity (according to balance sheet) - by 824.7 m. as a result of increase of the paid authorized capital by 577.5 m., total sum of undistributed income - by 259.2 m. and additional capital - by 1.1 m., while revaluation reserves fell by 13.2 m.;
• assets - by 6.4 bn., because of growth of the net-volume of loan portfolio by 5.3 bn., securities in the bank's portfolio - by 1.4 bn., investments into capital - by 647.7 m., while amounts on correspondent accounts and deposits in other banks fell by 760.5 m. and other assets - by 172.6 m.;
• liabilities - by 5.5 bn. because of growth of the borrowed loans volume (excluding bonds) by 3.6 bn., rests on deposit and other accounts - by 2.1 bn. and floated bonds - by 381.2 m., that was partially covered by falling of other liabilities by 478.1 m;
• net interest incomes - by 228.4 m.;
• deductions to reserves - by 247.2 m.

Net non-interest income fell in comparison with the I half of 2003 by KZT41.4 m., general administrative expenses - by KZT104.0 m.

Net income, which Temirbank JSC received in the I quarter of 2004 exceeded corresponding figure of 2003 by KZT44.4 m.

[2004-09-27]