Results of activity of BTA Mortgage JSC (Kazakhstan) in 2004

/IRBIS, Galina Tsalyuk, January 24, 05/ - BTA Mortgage JSC (Almaty), whose bonds are circulating in the official "B" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with the financial statements for 2004. Following indicators are result of the issuer's financial and economic activity in 2004, based upon the issuer's data (th. KZT, unless otherwise specified): ---------------------------------------------------------------- As of As of Indicator Jan 1, 03 Jan 1, 04 Change,% ----------------------------------- --------- --------- -------- Authorized capital (paid) 40,000 1,269,992 +3,075.0 Shareholders' equity 275,958 1,754,182 +535.7 Total assets 4,687,050 9,612,000 +105.1 Loans and financial rent (net) 4,398,867 8,977,156 +104.1 Total liabilities 4,411,092 7,857,818 +78.1 Borrowed loans (excluding bonds) 4,371,317 4,958,344 +13.4 Floated bonds - 2,680,112 - Net interest income before reserves 298,410 813,214 +172.5 Net non-interest income 108,890 190,524 +75.0 General administrative expenses 95,890 200,622 +109.2 Deductions to reserves 29,904 295,312 +887.5 Net income for the period 187,291 334,513 +78.6 ----------------------------------- --------- --------- -------- According to issuer's data it was calculated ----------------------------------- --------- --------- -------- Return on Assets, % 4.00 3.48 -12.9 Return on Equity, % 67.87 19.07 -71.9 ---------------------------------------------------------------- Relative to 2003 there is increase of: - shareholders' equity - by KZT1.5 bn. as the result of increase of the paid authorized capital by 1.2 bn., reserve capital - by 101.0 m. and total sum of undistributed income - by 147.2 m.; - assets - by KZT4.9 bn., including: net-volume of given loans (including financial rent) - by 4.6 bn., other claims to clients - by 314.5 m and other assets - by 32.1 m; - liabilities - by KZT3.4 bn. because of floatation of bonds for KZT2.7 bn., growth of borrowed loans volume (excluding bonds) - by 587.0 m. and other liabilities - by 179.6 m.; - net interest income before provisions - by KZT514.8 m - net interest income - by KZT81.6 m.; - general administrative expenses - by KZT104.7 m.; - general provisions - by KZT265.4 m. Net income, the company earned in 2004, exceeded net income of 2003 by KZT147.2 m. Company's primary activities - carrying out works and rendering services for companies, organizations and population concerned with mortgage financing of purchase, building and repair of real estate, loan operations, consulting services. [2005-01-24]