Results of activity of NURBANK OJSC (Kazakhstan) in 9 months of 2004

/IRBIS, Galina Tsalyuk, November 04, 04/ - NURBANK OJSC (Almaty), 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 01, 03 Oct 01, 04 % ------------------------------------------ ---------- ---------- -------- Authorized capital (paid-up) 3,000,000 3,465,200 +15.5 Shareholders' equity (acc-ing. to balance) 6,929,905 8,264,098 +19.3 Total assets 50,160,748 87,714,793 +74.9 Liquid assets 17,493,645 17,537,160 +0.2 Credits granted (net) 29,478,525 66,987,941 +127.2 Liabilities, total 43,230,843 79,450,695 +83.8 Accounts and deposits 34,124,417 44,111,334 +29.3 Borrowed loans (excluding bonds) 1,461,871 22,329,581 +1,427.5 Liabilities on bonds 5,094,626 8,628,713 +69.4 Net interest income before reserves 1,994,844 3,552,410 +78.1 Net non-interest income n/a 3,309,370 - General administrative expenses n/a 1,764,475 - Deductions to reserves 1,802,798 1,944,220 +7.8 Net income (loss) for the period 1,404,775 1,133,265 -19.3 Book value of 1share, KZT 23,099.68 23,849.52 +3.2 ------------------------------------------------------------------------- * - for 9 months of 2003 n/a (not available) was written to avoid distortion of information, given in financial statement of the bank for the mention period, in connection with change of accounting form "Report about incomes and expenses" from January 01, 2004. Relative to 9 months of 2003 there is increase of: - shareholders' equity (according to balance sheet) - by KZT1.3 bn.in the result of increase of paid authorized capital by 465.2 m. and accumulated in funds and reserves - by 1.1 bn., what partially was covered by decrease of undistributed income amount by 271.4 m.; - assets - by KZT37.5 bn., because of growth of net-volume of loan portfolio by 37.5 bn., amount at correspondent accounts and deposits in other banks - by 2.1 bn. and other assets - by 182.8 m.,with decrease of securities portfolio by 2.2 bn. - liabilities - by KZT36.2 bn. of them: rests on deposit and other accounts - by 10.0 bn., placed bonds - by 3.5 bn., borrowed loans (excluding bonds) - by 20.9 bn. and other liabilities - by 1.8 bn.; - net interest incomes - by KZT1.5 bn.; - deductions to reserves - by KZT 141.4 bn.; Net income, which NURBANK JSC earned within 9 months of 2004 decreased in comparison with its net income of similar period of 2003 by KZT27156 m. [2004-11-04]