/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):

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                                                      as of      as of Change,
Index                                             Jan 1, 04  Jan 1, 05       %
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Authorized capital (paid excluding withdrawn)     3,354,883  5,803,622   +73.0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
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Calculated by issuer's data:
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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
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* - 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]