Results of activity of JB LARIBA-BANK JSC (Kazakhstan) in 9 months of 2004

/IRBIS, Galina Tsalyuk, November 26, 04/ - JB LARIBA-BANK JSC (Almaty), whose bonds are circulating in the official "B" listing category Kazakhstan stock exchange Inc. (KASE), provided KASE with the financial statement for the 9 months of 2004. Following indicators are result of the bank's financial and economic activity in the 9 months of 2004, based upon the bank's data (th. KZT): ----------------------------------------------------------------------- As of As of Indicator Oct 1, 03 Oct 1, 04 Change,% --------------------------------------- --------- --------- -------- Authorized capital (paid) 1,000,000 1,000,000 0.0 Shareholders' equity (by balance sheet) 1,290,613 1,465,030 +13.5 Total assets 2,349,031 3,198,665 +36.2 Liquid assets 357,382 1,027,650 +187.5 Credits granted (net) 1,758,276 1,827,987 +4.0 Total liabilities 1,058,418 1,733,635 +63.8 Accounts and deposits 904,892 1,610,986 +78.0 Issued bonds 75,426 67,388 -10.7 Total revenues 357,200 417,029 +16.7 Total expenses 219,242 276,493 +26.1 Net income for the period 137,958 140,536 +1.9 ----------------------------------------------------------------------- Relative to similar period of 2003 there is increase of: - shareholders' equity of the bank (according to balance sheet) - by KZT174.4 m. as the result of increase of total sum of undistributed income by KZT174.0 m. and reserves on fixed assets revaluation - by 379.0 th.; - assets - by KZT849.6 m. including: securities - by KZT465.4 m.; sums on correspondent accounts and deposits in other banks - by KZT130.1 m., net-volume of loan portfolio - by KZT69.7 m., cash - by KZT74.7 m. and other assets - by KZT109.6 m.; - liabilities - by KZT675.2 m. because of growth of rests on clients' deposit and other accounts by KZT706.1 m., whereas other liabilities fell by KZT30.9 m.; - total revenues - by KZT59.8 m.; - expenses - by KZT57.2 m. Net income, which JB LARIBA-BANK JSC received in the 9 months of 2004, exceeded the net income of similar period of 2003 by KZT2.6 m. [2004-11-26]