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

/IRBIS, Galina Tsalyuk, November 3, 04/ - Valut Transit Bank JSC (Karaganda), whose securities are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with the 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 Change, Index Oct 1, 03 Oct 1, 04 % ------------------------------------------ ---------- ---------- ------- Authorized capital (paid-up) 3,170,516 6,408,711 +102.1 Shareholders' equity (acc-ing. to balance) 4,394,057 8,627,310 +96.3 Total assets 24,569,608 43,998,357 +79.1 Liquid assets 5,483,557 13,401,053 +144.4 Credits granted (net) 16,161,391 25,032,252 +54.9 Liabilities, total 20,175,551 35,371,047 +75.3 Accounts and deposits 16,670,540 31,615,150 +89.6 Borrowed loans (excluding bonds) 1,387,254 1,337,906 -3.6 Issued bonds 1,488,281 1,345,384 -9.6 Net interest income before reserves 938,680 1,288,962 +37.3 Net non-interest income 2,190,944 2,972,203 +35.7 General administrative expenses 1,245,772 1,960,343 +57.4 Deductions to reserves 472,226 1,181,117 +150.1 Net income for the period 498,512 580,401 +16.4 Book value of one share, KZT 382.09 n/a - ------------------------------------------------------------------------ Relative to 9 months of 2003 there is increase of: - shareholders' equity (according to balance sheet) - by KZT4.2 bn.in the result of increase of paid authorized capital by 3.2bn, including: total sum of undistributed income - by 81.9 bn. and formation of additional capital at the amount of 1.4bn with decrease of reserves - by 457.3 m.; - assets - by KZT19.4 bn., including net volume of loan portfolio - by 8.9 bn., securities in bank's portfolio - 6.1 bn. depreciated cost of fixed assets - by 1.2 bn., amount in correspondent accounts and deposits in other banks - by 1.0 bn. and other assets - by 2.1 bn.; - liabilities - by KZT15.2 bn. of them: rests on deposit and other accounts - by 141.9 bn., and other liabilities - by 250.9 m.; - net interest incomes - by KZT350.3 m.; - net non-interest incomes - by 781.2 m - general administrative expenses - by 714.6 m.; - deductions to reserves - by KZT709.0 bn.; Net income earned by Valut Transit Bank JSC during 9 months of 2004 exceeded its net income of similar period of 2003 by KZT81.9 bn. [2004-11-03]