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

/IRBIS, Galina Tsalyuk, September 30, 04/ - Alliance Bank JSC (Almaty), whose securities are circulating in the official "A" 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 bank's financial and economic activity for the period, 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) 3,060,000 4,000,000 +30.7 Shareholders' equity (acc-ing. to balance 3,382,942 4,631,212 +36.9 sheet) Total assets 33,956,091 64,492,247 +89.9 Liquid assets 7,753,086 21,122,625 +172.4 Credits granted (net) 24,806,679 41,820,672 +68.6 Liabilities, total 30,573,149 59,861,035 +95.8 Accounts and deposits 24,179,134 47,483,708 +96.4 Borrowed loans (excluding bonds) 3,001,280 7,015,401 +133.7 Issued bonds 2,895,299 4,534,338 +56.6 Net interest income (loss) before reserves 711,274 1,177,046 +65.5 Net non-interest income (loss) 536,066 782,796 +46.0 Expenses 567,929 815,237 +43.5 Deductions to reserves 356,207 478,130 +34.2 Net income for the period 162,582 383,303 +135.8 Book value of one share, KZT 11,055.37 11,578.03 +4.7 ------------------------------------------------------------------------ Relative to similar period of 2003 there is increase of: - shareholders' equity of the bank (according to balance sheet) - by KZT 1.2 bn as the result of increase of the paid part of authorized capital by 940.0 m, total sum of undistributed income - by 222.3 m and reserves - by 85.9 m.; - assets - by 30.5 bn, including: net-volume of loan portfolio - by 17.0 bn, securities in the bank's portfolio - by 9.8 bn, sums on accounts in other banks - by 3.4 bn and other assets - by 368.2 m; - liabilities - by KZT 29.3 bn that was caused by increase of rests on deposits and other accounts by 23.3 bn, borrowed loans (excluding bonds) - by 4.0 bn, floated bonds - 1.6 bn, other liabilities by 330.1 m; - net interest incomes - by 465.8 m; - net non-interest incomes - by 246.7 m; - expenses - 247.3 m; - deductions to reserves - by 121.9 m. Net income, which Alliance Bank OJSC received in the first half of 2004, exceeded net income of similar period of 2003 by KZT 220.7 m. [2004-09-30]