Results of activity of BANK CASPIAN JSC (Kazakhstan) in 9 months of 2004

/IRBIS, Galina Tsalyuk, October 20, 04/ - BANK CASPIAN JSC (Almaty), whose securities are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with the financial statements 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 Change, Index Oct 1, 03 Oct 1, 04 % ----------------------------------- ---------- ---------- ------- Authorized capital +12.6 (paid-up excluding withdrawn) 3,158,116 3,557,052 Shareholders' equity (acc-ing. to balance sheet) 4,965,781 7,857,505 +58.2 Total assets 51,268,586 64,746,723 +26.3 Liquid assets 12,382,985 16,116,049 +30.1 Credits granted (net) 35,096,535 41,398,255 +18.0 Liabilities, total 46,302,805 56,979,218 +23.1 Accounts and deposits 30,336,626 26,876,208 -11.4 Borrowed loans (excluding bonds) 8,589,878 11,917,298 +38.7 Issued bonds 5,256,485 15,886,883 +202.2 Net interest income before reserves 1,564,362 2,148,510 +37.3 Net non-interest income n/d 2,713,156 - General administrative expenses n/d 2,053,318 - Deductions to reserves 468,901 981,687 +109.4 Net income of the period 646,881 1,523,326 +135.5 Book value of one share, KZT 411.43 n/d - -------------------------------------------------------------------- N/D (no data) is set in order to avoid mistakes in information given in the bank's financial statement for the mentioned period because of changing of accounting form "Income statement" since January 1 of 2004. Relative to similar period of 2003 there is increase of: - shareholders' equity (according to balance sheet) - by KZT2.9 bn. including: paid authorized capital - by 398.9 m., additional capital - by 521.1 m., total sum of undistributed income - by 1.7 bn., and savings in funds and reserves - by 228.1 m.; - assets - by KZT13.5 bn., of them: net-volume of loan portfolio - by 6.3 bn., securities in the bank's portfolio - by 2.7 bn., amounts on correspondent accounts and deposits in other banks - by 765.3 m., residual value of fixed assets - by 639.0 m., and other assets - by 3.0 bn.; - liabilities - by 10.7 bn. because of growth of borrowed loans volume (excluding bonds) - by 3.3 bn., floated bonds - by 10.6 bn. and other liabilities - by 179.0 m., while rests on deposit and other accounts fell by 3.5 bn., - net interest income - by KZT584.1 m.; - deductions to reserves - by KZT512.8 m. Net income BANK CASPIAN JSC earned in 9 months of 2004 exceeded its net income of similar period of 2003 by KZT876.4 m. [2004-10-20]