Financial results of JB LARIBA-BANK OJSC (Kazakhstan) for 2003

/IRBIS, Galina Tsalyuk, April 15, 05/ - JB LARIBA-BANK JSC (Almaty), whose bonds are circulating in Kazakhstan stock exchange's (KASE) official "B" listing category, provided KASE with the financial statement 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): --------------------------------------------------------------------- As of As of Indicator Jan 1, 04 Jan 1, 05 Change,% ------------------------------------- --------- --------- -------- Authorized capital (paid) 1,000,000 1,000,000 0.0 Shareholders' equity 1,324,494 1,521,079 +14.8 Total assets 2,240,577 3,168,463 +41.4 Liquid assets 418,793 455,804 +8.8 Credits granted (net) 1,575,778 1,767,572 +12.2 Total liabilities 916,083 1,647,384 +79.8 Deposits placed in the bank 777,338 1,564,658 +101.3 Loans obtained from other banks 11,134 13,196 +18.5 Issued bonds 74,250 48,424 -34.8 Net interest income 271,703 310,992 +14.5 Net non interest income 170,193 201,333 +18.3 Operational expenses 207,438 235,297 +13.4 Deductions to reserves 2,594 19,906 +667.4 Net income 214,027 194,583 -9.1 ------------------------------------- --------- --------- -------- Ratios based on information provided: ------------------------------------- --------- --------- -------- Return on Assets, % 9.55 6.14 -35.7 Return on Equity,% 16.16 12.79 -20.8 --------------------------------------------------------------------- Relative to 2003 following accounts increased: - shareholders' equity of the bank (according to balance sheet) - by KZT196.6 m. as the result of increase of total sum of undistributed income - by 194.6 m., and amounts accumulated in funds and reserves - by 1.9 m; - assets - by KZT927.9 m. due to increase in investments in capital and subordinated debt - by 645.0 m, net-volume of loan portfolio by 191.8 m., and other assets by 91.1 m; - liabilities - by KZT731.3 m. due to increase in amounts at deposit and other accounts of clients by 787.3 m and amounts due to banks by 2.1 m while bonds on decreased by 25.8 m and other liabilities dropped by 32.2 m; - net interest income before provisioning - by KZT39.3 m.; - net non interest income - by KZT31.1 m. - operational expenses - by 27.8 m; - deductions to reserves - by 17.3 m; Net income earned by JB LARIBA-BANK OJSC in 2004 decreased in comparison to the net income of 2003 by KZT19.4 m. [2005-04-15]