Results of activity of Tsesnabank JSC (Kazakhstan) in 9 months of 2004

/IRBIS, Galina Tsalyuk, November 26, 04/ - Tsesnabank JSC (Astana), whose securities are circulating in the official "A" listing category of Kazakhstan stock exchange (KASE), provided KASE with the financial statement for 9 months of 2004. Following indicators are result of the issuer's financial and economic activity in 9 months of 2004, based upon the issuer's data (th. KZT, unless otherwise specified): ----------------------------------------------------------------------------- As of As of Indicator Oct 1, 03 Oct 1, 04 Change,% ---------------------------------------------- ---------- ---------- -------- Authorized capital (paid excluding withdrawn) 531,067 777,894 +46.5 Shareholders' equity 1,287,845 1,936,199 +50.3 Total assets 12,030,093 17,156,569 +42.6 Liquid assets 3,675,541 5,006,161 +36.2 Credits granted (net) 7,644,943 11,190,930 +46.4 Total liabilities 10,742,248 15,220,370 +41.7 Accounts and deposits 8,705,113 12,526,317 +43.9 Attracted loans (excluding bonds) 1,861,644 1,199,837 -35.5 Issued bonds - 1,285,885 - Net interest income before reserves 571,747 720,028 +25.9 Net non interest income 371,495 521,524 +40.4 General administrative expenses 502,677 665,143 +32.3 Deductions for reserves (recovery of reserves) 138,676 (23,803) - Net income for the period 190,309 456,374 +139.8 Book value of one share, KZT 2,425.01 2,489.03 +2.6 ----------------------------------------------------------------------------- Relative to 9 months of 2003 there growth of: - shareholders' equity (according to balance) - by KZT648.3 m. in the result of increase of total amount of undistributed profit by 414.6 m. and paid authorized capital - by 246.8 m. with decrease of amount of reserves by 131.4 m.; - assets - by KZT5.1 m. including: net-volume of loan portfolio - by 3.5 bn., securities in bank portfolio - by 900.5 m., amounts placed in other banks - by 365.0 m. and other assets - by 314.9 m.; - liabilities - by KZT4.5 bn., what was caused by placement of bonds for the amount of 1.3 bn., growth of rests at deposit and other accounts by 3.8 bn. And other liabilities - by 32.8 m. with decrease of volume of attracted loans by 661.8 m.; - net interest incomes - by KZT148.3 m.; - net non- interest incomes - KZT150.0 m.; - general administrative expenses - by KZT162.5 m. Net profit, which Tsesnabank JSC received in 9 months of 2004, exceeded its net profit of similar period of 2003 by KZT266.1 m. [2004-11-26]