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

/IRBIS, Galina Tsalyuk, November 5, 04/ - Bank CenterCredit JSC (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 Indicator Oct 1, 03 Oct 1, 04 Change,% ----------------------------------- ---------- ----------- -------- Authorized capital (paid) 4,450,873 7,063,339 +58.7 Shareholders' equity (ac-ng to balance sheet) 6,396,472 11,168,803 +74.6 Total assets 75,422,664 141,544,274 +87.7 Liquid assets 21,594,857 40,685,324 +88.4 Credits granted (net) 48,457,735 95,096,122 +96.2 Total liabilities 69,026,192 130,375,471 +88.9 Accounts and deposits 51,778,179 89,325,188 +72.5 Borrowed loans (excluding bonds) 11,811,969 30,730,183 +160.2 Issued bonds 4,310,668 5,788,919 +34.3 Net interest income before reserves 5,214,480 8,828,635 +69.3 Net non-interest income 1,870,264 2,867,722 +53.3 General administrative expenses 1,557,173 2,340,023 +50.3 Deductions to reserves 1,405,861 1,573,181 +11.9 Net income for the period 683,780 1,819,465 +166.1 Book value of one share, KZT 287.43 316.25 +10.0 ---------------------------------------------------------------------- Relative to similar period of 2003 there is increase of: - shareholders' equity (according to balance sheet) - by KZT4.8 bn. as the result of increase of paid part of authorized capital by 2.6 bn., total sum of net income (previous years and reporting period) - by 2.0 bn., additional capital - by 104.7 m., while reserves fell by 2.0 m.; - assets - by KZT66.1 bn. including: net-volume of loan portfolio - by 46.6 bn., securities in the bank's portfolio - by 18.0 bn. and other assets - by 1.5 bn.; - liabilities - by KZT61.3 bn., including: rests on deposit and other accounts - by 37.5 bn., borrowed loans (excluding bonds) - by 18.9 bn., floated bonds - by 1.5 bn. and other liabilities by 3.4 bn.; - net interest incomes - by KZT3.6 bn.; - net non-interest incomes - by KZT997.4 m.; - general administrative expenses - by KZT782.8 m. - deductions to reserves - by KZT161.3 m. Net income, which Bank CenterCredit OJSC earned in 9 months of 2004, exceeded its net income earned in similar period of 2003 by KZT1.1 bn. [2004-11-05]