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

/IRBIS, Galina Tsalyuk, September 28, 04/ - Kazakhstan Development Bank JSC (Astana), whose bonds are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with the financial statement for the first 6 months of 2004. The following indicators are results of the bank's financial and economic activity for period, based upon the bank's information (in th. KZT): --------------------------------------------------------------------- As of As of Indicator Jul 1, 03 Jul 1, 04 Change,% ----------------------------------- ---------- ---------- -------- Authorized capital (paid-up) 30,000,000 45,365,000 +51.2 Shareholders' equity 33,321,244 50,855,428 +52.6 Book value of assets 59,098,913 87,552,870 +48.1 Liquid assets 37,677,787 65,674,819 +74.3 Reverse repo operations 17,889,353 17,008 -99.9 Securities 13,327,782 59,119,538 +343.6 Loans granted (net) 13,200,831 20,686,986 +56.7 Total liabilities 25,777,669 36,697,442 +42.4 Loans (excluding repo) and accounts 6,551,831 6,833,103 +4.3 Issued bonds 19,157,861 29,840,156 +55.8 Total revenues 6,042,995 7,870,559 +30.2 Total expenses 5,532,153 6,401,202 +15.7 Net income for the period 510,842 1,469,357 +187.6 --------------------------------------------------------------------- Relative to similar period of 2003 there is increase of: - shareholders' equity of the bank - by 17.5 bn as the result of increase of the paid up authorized capital by 15.4 bn, reserve capital - 1.2 bn and retained earnings - 958.5 m; - assets - by 28.4 bn, including: securities portfolio - 45.8 bn; net-volume of loan portfolio - 7.5 bn, and other assets - 561.2 m; whereas there took place decrease of reverse repo operations - by 17.9 bn; accounts and deposits fell by 7.5 bn; - liabilities - by 10.9 bn, including: on issued bonds - by 10.7 bn, attracted loans - by 281.3 m, compensated by decline in other liabilities - 43.8 m; - revenues - 1.8 bn; - expenses - by 869.5 m. Net income Kazakhstan Development Bank JSC received in I half of 2004, increased in comparison with similar period of 2003 by 958.5 m. Primary activity: rendering of banking services (excluding attracting of deposits and opening of banking accounts for individuals and legal entities, excluding opening and maintaining of accounts of conditional deposit, reserve accounts in accordance with agreements on loans, which are guaranteed by the state, and also on servicing investment projects, which are financed at the expense of Republican and local budgets' means). [2004-09-28]