Results of activity of Temirbank JSC (Kazakhstan) in the 1st half of 2004

/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): -------------------------------------------------------------------- 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 - -------------------------------------------------------------------- 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]