Financial Results of Bank CenterCredit JSC (Kazakhstan) for 2004

/IRBIS, Galina Tsalyuk, April 14, 04/ - Bank CenterCredit JSC (Almaty), whose bonds are circulating in Kazakhstan stock exchange's official "A" listing category, provided KASE with the financial statements for 2004. The following indicators are results of the bank's financial and economic activity for 2004, based upon the bank's information (in th. KZT, unless otherwise specified): --------------------------------------------------------------------------- As of As of Indicator Jan 1, 04 Jan 1, 05 Change,% ---------------------------------------- ---------- ----------- -------- Authorized capital (paid) 5,063,339 7,362,249 +45.4 Shareholders' equity 7,422,191 12,165,537 +63.9 Total assets 82,512,232 148,511,135 +80.0 Current assets 25,670,216 41,927,974 +63.3 Loans granted (net) 52,939,278 92,535,828 +74.8 Total liabilities 75,090,041 136,345,598 +81.6 Deposits & accounts placed with the bank 51,031,280 94,610,729 +85.4 Attracted loans 19,361,558 31,874,447 +64.6 Issued bonds 4,169,724 9,007,961 +116.0 Net interest revenue before provisions 3,633,997 6,396,448 +76.0 Net non interest income 2,816,604 4,254,972 +51.1 Operational expenses 3,155,892 4,340,786 +37.5 Deductions to reserves 1,439,341 2,530,207 +75.8 Net income for the period 1,280,397 2,444,436 +90.9 ---------------------------------------- ---------- ----------- -------- Ratios based on issuer's data ---------------------------------------- ---------- ----------- -------- Return on Equity. % 17.25 20.09 +16.5 Return on Assets. % 1.55 1.65 +6.1 Earnings per share 50.58 66.40 +31.3 Price - Earnings ratio 3.95 3.06 -22.7 Book value of one share. KZT 293.17 330.48 +12.7 --------------------------------------------------------------------------- Relative to 2004 following accounts increased: - shareholders' equity of the bank (according to balance sheet) - by 4.7 bn as the result of increase in paid part of authorized capital by 2.3 bn, total undistributed income - by 2.4 bn, all while savings in funds and reserves decreased by 1.6 m; - total assets - by KZT66.0 bn, including: net-volume of loan portfolio - by 39.6 bn, securities in the bank's portfolio (incl reverse repo operations) - by 21.8 bn, amounts placed with the national Bank - by 2.6 bn, and other assets - by 2.0 bn; - total liabilities - by KZT61.2 bn, of them: remaining amounts at deposit and other accounts - by 43.6 bn, attracted loans (excl bonds) - by 12.5 bn., issued bonds - by 4.8 bn and other liabilities - by 325.0 m; - net interest income before provisioning - by KZT2.8 bn; - net non-interest income - by KZT1.4 bn; - operational expenses - by KZT1.2 bn; - deductions to reserves - by KZT1.1 bn. Net income earned by the Bank in 2004 increased relative to previous year by KZT1.2 bn. [2005-04-14]