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

/IRBIS, Galina Tsalyuk, December 2, 04/ - DANABANK JSC (Pavlodar), whose common shares are circulating in the official "B" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with the financial statement for 9 months of 2004. Following indicators are the result of the issuer's financial and economic activity in 9 months of 2003, based upon the bank's data (th. KZT, unless otherwise specified): -------------------------------------------------------------------------- As of As of Change, Indicator Oct 1, 04 Oct 1, 04 % ------------------------------------------- --------- --------- ------- Authorized capital (paid) 763,000 1,000,000 +31.1 Shareholders' equity (according to balance) 784,082 1,037,406 +32.3 Total assets 2,716,029 2,658,404 -2.1 Liquid assets 133,251 334,101 +150.7 Loans given (net) 2,439,344 2,132,650 -12.6 Total liabilities 1,931,947 1,620,998 -16.1 Accounts and deposits 1,322,718 899,809 -32.0 Borrowed loans 591,284 695,425 +17.6 Total revenues 77,144 242,467 +214.3 Total expenses 71,909 241,441 +235.8 Net income for the period 5,235 1,026 -80.4 Book value of one share, KZT 1,027.63 1,037.41 +1.0 -------------------------------------------------------------------------- Relative to similar period of 2003 there are following changes: - shareholders' equity increased by KZT253.3 m. as the result of increase of paid authorized capital by 237.0 m. and reserves - by 46.8 m., while total sum of uncovered loss fell by 30.4 m.; - assets decreased by KZT57.6 m. because of falling of net-volume of loan portfolio by 306.7 m. and funds - by 32.4 m. that was covered by growth of amounts on correspondent accounts and on deposits in other banks by 243.3 m. and other assets - by 38.2 m.; - liabilities decreased by KZT310.9 m. because of falling of rests on deposit and other accounts by 422.9 m., while volume of borrowed loans (from Kazakhstan government) grew by 104.1 m. and other liabilities - by 7.8 m.; - total revenues grew by KZT165.3 m.; - expenses grew by KZT169.5 m. Net income, which DANABANK JSC earned in 9 months of 2004, is less than its net income earned in similar period of 2003 by KZT4.2 th. [2004-12-02]