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

/IRBIS, Galina Tsalyuk, September 28, 04/ - ATFBank JSC (Almaty), whose securities are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with non-audited financial statement for the first 6 months of 2004. Following indicators are the result of the bank's financial and economic activity for the period, based upon the bank's data (th. KZT, unless otherwise specified): ------------------------------------------------------------------------------ As of As of Indicator Jul 1, 03 Jul 1, 04 Change,% ------------------------------------------- ---------- ----------- -------- Authorized capital (paid-up) 5,575,516 11,571,911 +107.5 Shareholders' equity (according to balance) 7,614,164 14,140,440 +85.7 Total assets 70,201,889 146,850,922 +109.2 Liquid assets 21,250,657 62,011,469 +191.8 Credits granted (net) 43,937,186 80,104,773 +82.3 Total liabilities 62,587,725 132,710,482 +112.0 Accounts and deposits 38,463,310 74,037,986 +92.5 Borrowed loans (excluding bonds) 19,568,988 37,999,347 +94.2 Issued bonds 1,517,952 19,677,247 +1,196.3 Net interest income before reserves 2,060,843 3,206,534 +55.6 Net non-interest income) 917,535 1,220,722 +33.0 General and administrative expenses 1,075,056 1,599,789 +48.8 Deductions to reserves 446,790 807,897 +80.8 Net income for the period 821,693 1,377,485 +67.6 Book value of one share, KZT 1,365.64 1,221.96 -10.5 ------------------------------------------------------------------------------ Relative to similar period of 2003 there is increase of: - shareholders' equity - by KZT 6.5 bn as a result of increase of the paid-up authorized capital by 6.0 bn and retained earnings - 947.1 m, compensated by fall of savings in funds and reserves - 415.1 m, and additional capital - by 2.1 m; - assets - by 76.6 bn including net volume of loan portfolio by 36.2 bn, securities in the bank's portfolio - 20.6 bn, amounts on corresponding accounts and deposits in other banks - 18.7 bn and other assets by 1.1 bn; - liabilities - by 70.1 bn including: rests on deposit and other accounts - by 35.6 bn, borrowed loans (excluding bonds) - by 18.4 bn, floated bonds - by 18.1 bn that was partially covered by decrease of other liabilities by 2.0 bn; - net interest incomes - by 1.1 bn; - net non-interest incomes - by 303.2 m; - general and administrative expenses - by 524.7 m; - deductions to reserves - by 361.1 m. Net income earned by ATFBank JSC in the first half of 2004 exceeded its net income of similar period of 2003 by KZT 555.8 m. [2004-09-28]