Alliance Bank JSC (Kazakhstan) informed about main results of activity of in the third quarter of the current year

/IRBIS, Ranida Gabdeevs, October 21, 04/ - Alliance Bank JSC (Almaty), distributed press-release, where main results of bank's activity in the third quarter of the current year are given. All figures are given as of October 1, 2004 unless otherwise indicated. By results of nine months bank is on the seventh place among commercial banks of the republic on size of assets (KZT 75.6 bn), and also increased net profit in six (KZT 702.5 m) comparing with net profit for the whole 2003. "These figures became as a result of dynamic development of the bank for the period from January 01, 2002 and till present time, figures exceed developing banking system of the Republic of Kazakhstan. Average annual speed of assets growth of Alliance Bank JSC was 2.49 against 1.46 in total banking system, that is the evidence of efficient banking operation"', - says press-release. Assets of the bank increased from the beginning of the year by 50 % and equaled to KZT 75.6 m. (from January 01, 2002 in 9 times in absolute expression). Credit portfolio of the bank as on October 01 of the currency year was KZT 47.6 bn, increasing from the beginning of the year by 50 %, and from January 01, 2002 in 7 times in absolute expression. Liabilities of the bank equaled to KZT 67.6 bn, having increased since the beginning of the year by 45% and 10 times since January 1, 2002. Changes occurred during the reported period mainly relate to dynamics of personal deposits. The bank takes 4.6% stake in the total amount of personal deposits (the sixth position among banks) or KZT 16.2 bn. In absolute terms deposit portfolio of private persons increased 9 times since January 1, 2002. Shareholders equity of the bank totaled KZT 8.0 bn having increased 2 times for 9 months and 6 times since January 1, 2002. In September the capital increased from 6 to KZT 8 bn owing to floatation of shares. Growth of number of clients was 70 thousands clients in third quarter of 2004 and 6 times since January 1, 2002. Branch network consists of 9 branch offices and 21 cash settlement departments (CSD) in 12 cities compared to 6 branches and 5 CSD in 2002. The bank plans to open branch office in Aktau, Kustanai and Uralsk while CSD will soon be established in Aksai, Kulsari and Zhanaozen. In late September Moody's international rating agency assigned first financial stability rating of Alliance Bank at "E+" and rating on long-term and short- term deposit obligations in foreign currency at Ba3/N correspondingly. Outlook of all ratings - stable. Besides, in less than three years the bank attracted and redeemed two syndicated loans. [2004-10-21]