Results of activity of BANK CASPIAN JSC (Kazakhstan) in 2003

/IRBIS, Galina Tsalyuk, April 11, 05/ - BANK CASPIAN JSC (Almaty), whose securities are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with the financial statements for 2004. Following indicators are the result of the bank's financial and economic activity in 2004, based upon the bank's data (th. KZT, unless otherwise specified): ------------------------------------------------------------------------------ as of as of Change, Index Jan 1, 04 Jan 1, 05 % ------------------------------------------------ ---------- ---------- ------- Authorized capital (paid excluding withdrawn) 3,354,883 5,803,622 +73.0 Shareholders' equity (acc-ing. to balance sheet) 5,606,089 9,143,526 +63.1 Total assets 54,507,580 79,557,588 +46.0 Liquid assets 15,859,177 25,699,971 +62.1 Credits granted (net) 35,111,816 45,819,945 +30.5 Amounts due from other banks 2,275,204 3,275,608 +44.0 Liabilities, total 48,901,491 70,414,062 +44.0 Accounts and deposits 29,575,489 37,439,220 +26.6 Borrowed loans (excl bonds) 8,193,992 13,607,380 +66.1 Issued bonds 9,312,351 17,213,030 +84.8 Net interest income before provisioning 2,083,180 2,842,834 +36.5 Net non-interest income (loss) 1,571,978 3,391,047 +115.7 Operational expenses 1,895,294 2,923,185 +54.2 Deductions to reserves 873,446 1,807,240 +106.9 Net income 665,761 1,063,923 +59.8 ------------------------------------------------ ---------- ---------- ------- Calculated by issuer's data: ------------------------------------------------ ---------- ---------- ------- Return on equity (ROE), % 11.88 11.64 -2.0 Return on assets (ROA), % 1.22 1.34 +9.5 Earnings per share (EPS), KZT* 72.38 131.97 - Price earning ratio (Р/Е)* 2.36 1.30 - Book value of one share, KZT 604.22 1,082.46 +79.2 ------------------------------------------------------------------------------ * - Earnings per share (EPS) and price earning ratio (P/E) as of January 1 of 2005 have been calculated ignoring dividends on privileged shares. Relative to 2004 there is increase of: - shareholders' equity (according to balance sheet) - by KZT3.5 bn. as the result of increase of the paid part of authorized capital by KZT2.4 bn., total sum of undistributed income - by 1.1 bn., savings in funds and reserves - by 17.7 m.; - assets - by KZT25.0 bn., including: net-volume of loan portfolio - by 10.7 bn., securities in the bank's portfolio - by 5.2 bn., cash and remaining funds at accounts of central banks - by 3.6 bn, amounts on correspondent accounts and deposits in other banks - by 1.0 bn. and other assets - by 4.5 bn.; - liabilities - by KZT21.5 bn. of them: accounts and deposits - by 7.9 bn., floated bonds - by 7.9 bn., other borrowings (excl bonds) - by 5.4 bn. and other liabilities - by 334.8 m.; - net interest incomes - by KZT759.7 m.; - net non-interest incomes - by KZT1.8 bn.; - operational expenses - by KZT1.0 bn.; - deductions to reserves - by KZT933.8 m. Net income, which BANK CASPIAN OJSC received according to results of 2004, exceeded net income of the year 2003 by KZT398.2 m. [2005-04-11]