Results of activity of Temirbank JSC (Kazakhstan) for 9 months of 2004

/IRBIS, Galina Tsalyuk, October 29, 04/ - Temirbank 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 on the bank's data (th. KZT, unless otherwise specified): ---------------------------------------------------------------------------- as of as of Change, Index Oct 1, 03 Oct 1, 04 % ----------------------------------------- ---------- ---------- --------- Authorized capital (paid excluding withdrawn) 2,728,168 3,277,500 +20.1 Shareholders' equity (acc-ing. to balance 3,984,818 4,866,966 +22.1 sheet) Total assets 29,079,418 35,116,604 +20.8 Liquid assets 9,492,768 9,187,887 -3.2 Loan portfolio (net) 16,796,608 23,411,976 +39.4 Liabilities, total 25,094,600 30,249,638 +23.9 Accounts and deposits 16,841,015 16,987,242 +0.9 Borrowed loans (excluding bonds) 5,588,890 10,264,226 +83.7 Issued bonds 1,843,626 2,879,837 +56.2 Net interest income before reserves 1,098,388 1,495,615 +36.2 Net non-interest income 1,283,489 1,196,354 -6.8 General administrative expenses 1,504,523 1,229,430 -18.3 Deductions to reserves (2,565) (352,667) +13,649.2 Net income for the period 155,427 257,520 +65.7 Book value of one share, KZT N/A N/A - ---------------------------------------------------------------------------- Relative 9 months of 2003 there is growth of: - shareholders' equity (according to balance sheet) - by KZT882.1 bn. as the result of increase of paid authorized capital by 549.3 bn., total amount of undistributed profit - by 316.4 m and formation of additional capital in the amount of 26.3 bn., with decrease in accumulation in funds and reserves by 9.9 m. - assets - by 6.0 bn. because of growth of net-volume of loan portfolio by 6.6 bn., securities in the bank's portfolio - by 1.4 bn. and other assets - by 24.2 bn. with decrease of amounts on correspondent accounts and investments in other banks by 2.0 bn. - liabilities - by KZT 5.1 bn., in connection with increase of volume of debt loans (excluding bonds) by 4.7 bn, placed bonds - by 1.0 bn. and rest on deposits and other accounts - by 146.2 m., that was partially covered by decrease of other liabilities by 702.7 bn.; - net interest incomes - by KZT 397.2 m. - renewed reserves - by KZT 250.1 m. Net non-interest income of the bank decreased in comparison with 9 months of 2003 by KZT 87.1 m., general administrative expenses - by KZT 275.1 m. Net income, which Temirbank JSC received in 9 months of 2004 exceeded its net income received in similar period of 2003 by KZT 102.1 m. [2004-10-29]