Results of activity of Bank TuranAlem JSC (Kazakhstan) in 9 months of 2004

/IRBIS, Galina Tsalyuk, October 13, 04/ - Bank TuranAlem JSC (Almaty), whose securities are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with financial statement for 9 months of 2004. Following indicators are result of the bank's financial and economic activity in 9 months of 2004, based upon the bank's data (th. KZT, unless otherwise specified): ------------------------------------------------------------------------------ As of As of Indicator Oct 1, 03 Oct 1, 04 Change,% --------------------------------------------- ----------- ----------- -------- Authorized capital (paid excluding withdrawn) 18,615,639 24,521,443 +31.7 Shareholders' equity (by balance sheet) 26,169,410 41,500,988 +58.6 Total assets 346,787,430 464,685,320 +34.0 Liquid assets 140,704,604 124,862,626 -11.3 Credits granted (net) 188,363,587 364,909,050 +93.7 Total liabilities 320,618,020 464,685,320 +44.9 Accounts and deposits 203,943,165 307,186,072 +50.6 Borrowed loans (including bonds) 106,734,110 141,628,132 +32.7 Net interest income before reserves 10,242,012 16,949,337 +65.5 Net non-interest income 10,601,367 9,834,423 -7.2 General administrative expenses 5,287,458 5,916,229 +11.9 Deductions to reserves 9,765,827 12,713,139 +30.2 Net income for the period 3,686,969 6,224,436 +68.8 Book value of one share, KZT 15,363.43 n/d - ------------------------------------------------------------------------------ Relative to similar period of 2003 there is increase of: - shareholders' equity (according to balance sheet) - by KZT15.3 bn. as the result of increase of the paid authorized capital by 5.9 bn., total sum of undistributed income - by 8.3 bn. and savings in funds and in reserves - by 1.1 bn.; - assets - by KZT159.4 bn., that was caused by growth of the net-volume of loan portfolio by 176.5 bn., securities in the bank's portfolio - by 10.0 bn. and investments into capital - by 2.4 bn., while sums on deposits and correspondent accounts in other banks decreased by 25.8 bn. and other assets - by 3.7 bn.; - liabilities - by KZT144.1 bn. including: accounts and deposits - by 103.2 bn., borrowed loans (including bonds) - by 34.9 bn. and other liabilities - by 5.9 bn.; - net interest incomes - by KZT6.7 bn.; - general administrative expenses - by 628.8 m.; - deductions to reserves - by KZT2.9 bn. Net non-interest incomes decreased in comparison with 9 months of 2003 by KZT766.9 m. Net income, which Bank TuranAlem JSC received in 9 months of 2004, exceeded net income of similar period of 2003 by KZT2.5 bn. [2004-10-13]