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

/IRBIS, Galina Tsalyuk, October 1, 04/ - BANK CASPIAN JSC (Almaty), whose securities are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with the financial statements 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% ------------------------------------------------ ---------- ---------- ------- Authorized capital (paid-up excluding withdrawn) 1,322,922 3,404,396 +157.3 Shareholders' equity (acc-ing. to balance sheet) 3,303,384 7,059,419 +113.7 Total assets 38,714,600 56,013,381 +44.7 Liquid assets 8,000,677 14,388,298 +79.8 Credits granted (net) 27,705,069 36,261,724 +30.9 Liabilities, total 35,411,216 48,953,962 +38.2 Accounts and deposits 28,049,354 23,070,603 -17.7 Borrowed loans 3,097,423 9,389,621 +203.1 Floated bonds 3,054,676 14,441,375 +372.8 Net interest income (loss) 862,660 1,367,609 +58.5 Net non-interest income (loss) n/a 1,336,372 - General administrative expenses n/a 1,220,727 - Deductions to reserves 257,018 306,891 +19.4 Net income 351,563 929,236 +164.3 Book value of one share, KZT 524.38 755.89 +44.2 ------------------------------------------------------------------------------ N/A is set for data subjected to a change according to new form of Income and loss statement enacted since January 1, 2004. Relative to similar period of 2003 following items recorded increase: - shareholders' equity (according to balance sheet) - by KZT 3.7 bn as the result of increase of the paid part of authorized capital - 2.1 bn, additional capital - by 54.2 m, retained earnings - by 1.4 bn, and savings in funds and reserves - by 196.1 m; - assets - by 17.3 bn, including: net-volume of loan portfolio - by 8.5 bn, securities in the bank's portfolio - by 5.2 bn, amounts on correspondent accounts and deposits in other banks - by 1.1 bn, depreciated cost of fixed assets - 707.0 m, and other assets - by 1.7 bn; - liabilities - by 13.5 bn of them: loans - 6.3 bn, floated bonds - 11.4 bn, and other liabilities - by 842.6 m, while accounts and deposits fell by 5.0 bn, - net interest income - 504.9 m; - deductions to reserves - 49.9 m. Net income earned by BANK CASPIAN JSC for the reported period exceeded net income of similar period of 2003 by KZT 577.7 m. [2004-10-01]