Results of activity of SB Alfa-Bank OJSC (Kazakhstan) for the 9 months of 2004

/IRBIS, Gallina Tsalyuk, November 15, 03/ - DB Alfa-Bank OJSC (Almaty), whose bonds are circulating in the stock exchange's official "А" listing category, provided KASE with financial statement for the 9 months of 2004. Following indexes are result of the bank's financial and economic activity for 9 months of 2004, based on the bank's data (in th. KZT): ---------------------------------------------------------------------------- as of as of Increase / Index Oct 1, 03 Oct 1, 04 decrease, % ------------------------------------------- --------- ---------- ----------- Issued authorized capital (paid) 1,000,000 1,000,000 0.0 Shareholders' equity (according to balance) 2,167,769 2,906,477 +34.1 Total assets 9,944,966 11,637,235 +17.0 Liquid assets 1,823,535 3,816,799 +109.3 Credits granted (net) 7,742,347 7,376,869 -4.7 Liabilities, total 7,777,197 8,730,758 +12.3 Accounts and deposits 7,077,729 7,440,626 +5.1 Borrowed loans (excluding bonds) 518,173 772,260 +49.0 Issued bonds 0 0 - Net interest income before reserves 721,895 672,221 -6.9 Net non-interest income n/a 469,472 - General administrative expenses n/a 363,461 - Allocations to reserves 531,695 80,536 -84.9 Net income for the period 358,427 636,051 +77.5 ---------------------------------------------------------------------------- * - there is no bonds in circulation, as in the third quarter of 2003 they were bought by bank. During 9 months of 2003 n/a (non available) was given to avoid distortion of the information in the financial statement of the bank for the mentioned period, in connection with changes of accounting form "Statements about incomes and expenses" from January 1, 2004. Relative to similar period of 2003 there is increase of: - the bank's shareholders' equity (according to balance sheet) - by KZT738.7 m. as the result of increase of total sum of undistributed income by KZT717.0 m., and other capital articles - by 21.7 m.; - assets - by KZT1.7 bn., what is caused by increase of amounts at correspondent accounts and investments in other banks by 1.8 bn., securities in bank's portfolio - by 218.3 m. and other assets - by 67.2 mn with decrease of net-volume of liabilities - by 336.6 m.; - liabilities - by KZT953.6 m, including: sums at deposit and other accounts - by 362.9 m, borrowed loans - by 254.1 m and other liabilities - by 336.6 m. Net interest income of the bank decreased in comparison with similar period of 2003 by KZT49.7 m, allocations to reserves - by KZT451.1 m. Net income earned by DB Alfa-Bank OJSC during 9 months of 2004, exceeded its net profit of similar period of 2003 by KZT277.6 m. [2003-11-15]