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

/IRBIS, Galina Tsalyuk, November 8, 04/ - Alliance Bank 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) 3,310,000 7,000,000 +111.5 Shareholders' equity (ac-ng to balance sheet) 3,687,764 8,036,889 +117.9 Total assets 46,218,586 75,609,499 +63.6 Liquid assets 16,141,751 25,594,110 +58.6 Credits granted (net) 27,615,372 48,601,036 +76.0 Total liabilities 42,530,822 67,572,610 +58.9 Accounts and deposits 36,008,310 53,073,511 +47.4 Borrowed loans (excluding bonds) 2,656,173 8,892,550 +234.8 Issued bonds 2,936,573 4,608,069 +56.9 Net interest income before reserves 1,166,825 1,922,815 +64.8 Net non-interest income 752,032 1,213,916 +61.4 General administrative expenses 857,219 1,241,685 +44.9 Deductions to reserves 598,762 767,121 +28.1 Net income for the period 230,502 702,454 +204.7 Book value of one share, KZT 11,141.28 11,481.27 +3.1 ------------------------------------------------------------------------------- Relative to similar period of 2003 there is increase of: - shareholders' equity (according to balance sheet) - by KZT4.3 bn. as the result of increase of paid part authorized capital by 3.7 bn., total sum of undistributed income - by 471.9 m. and reserves - by 187.2 m.; - assets - by KZT29.4 bn. including: net-volume of loan portfolio - by 20.6 bn., securities in the bank's portfolio - by 7.8 bn., amounts at correspondent account and deposits in other banks - by 1.5 bn, that partially covered by decrease of other assets by 508.2 m.; - liabilities - by KZT25.0 bn., including: rests on deposit and other accounts - by 171.1 bn., borrowed loans (excluding bonds) - by 6.2 bn., floated bonds - by 1.7 bn. and other liabilities - by 68.7 bn.; - net interest incomes - by KZT756.0 bn.; - net non-interest incomes - by KZT461.9 m.; - general administrative expenses - by KZT384.5 m. - deductions to reserves - by KZT168.3 m. Net income, which Alliance Bank OJSC earned in 9 months of 2004, exceeded its net income earned in similar period of 2003 by KZT471.9 bn. [2004-11-08]