Results of activity of Alliance Bank JSC (Kazakhstan) in 2004

/IRBIS, Galina Tsalyuk, February 7, 05/ - Alliance Bank JSC (Almaty), whose securities are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with the financial statement for 2004. Following indicators are result of the bank's financial and economic activity in 2004, based upon bank's data (th. KZT, unless otherwise specified): ----------------------------------------------------------------------------- As of As of Indicator Jan 1, 04 Jan 1, 05 Change,% --------------------------------------------- ---------- ----------- -------- Authorized capital (paid) 3,575,000 14,989,160 +319.3 Shareholders' equity (ac-ng to balance sheet) 3,869,386 16,322,659 +321.8 Total assets 50,441,181 120,299,461 +138.5 Liquid assets 17,924,044 58,528,502 +226.5 Credits granted (net) 31,202,360 59,669,872 +91.2 Total liabilities 46,571,795 103,976,802 +123.3 Accounts and deposits 39,474,601 74,137,556 +87.8 Borrowed loans (excluding bonds) 3,922,868 22,869,211 +483.0 Floated bonds 2,983,384 5,865,331 +96.6 Net interest income (loss) 1,723,659 2,819,290 +63.6 Net non-interest income (loss) 1,119,489 1,788,427 +59.8 General administrative expenses 1,318,592 1,880,449 +42.6 Deductions to reserves 1,243,208 1,098,079 -11.7 Net income for the period 112,319 1,036,541 +822.9 --------------------------------------------- ---------- ----------- -------- Calculated by issuer's data: --------------------------------------------- ---------- ----------- -------- Return on equity (ROE), % 2.90 6.35 +118.8 Return on assets (ROA), % 0.22 0.86 +287.0 Book value of one share, KZT 10,823.46 n/a - Earnings per share (EPS), KZT 314.18 n/a - ----------------------------------------------------------------------------- Price earning ratio (P/E) by the end of 2003 was not calculated because of absence of market price on bank's common shares for the mentioned period. Book value of 1 share and earnings per 1 common share (EPS) by the end of 2004 were not calculated because of absence of data about number of common shares, which were in circulation by the mentioned date. Relative to 2003 there is growth of: - shareholders' equity (according to balance sheet) - by KZT12.4 bn. as the result of growth of paid authorized capital by 11.4 bn., undistributed income - by 927.3 m., reserves - by 106.6 m. and additional capital - by 5.2 m.; - assets - by KZT69.8 bn. including: net-volume of loan portfolio - by 28.5 bn., securities in the bank's portfolio - by 24.7 bn., rests on accounts in other banks - by 15.1 bn. and other assets - by 1.6 bn.; - liabilities - by KZT57.4 bn., including: rests on bank accounts and deposits - by 34.7 bn., borrowed loans - by 18.9 bn., floated bonds - by 2.9 bn. and other liabilities - by 913.8 m.; - net interest incomes before deductions to reserves - by KZT1.1 bn.; - net non-interest incomes - by KZT668.9 m.; - general administrative expenses - by KZT561.8 m. Deductions to reserves fell by KZT145.1 m. in comparison with year 2003. Net income, which Alliance Bank OJSC earned in 2004, exceeded its net income earned in 2003 by KZT924.2 m. or 9.2 times. [2005-02-07]