Results of activity of Eurasian bank JSC (Kazakhstan) in 2004

/IRBIS, Galina Tsalyuk, April 22, 05/ - Eurasian bank JSC (Almaty), whose bonds are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with financial statement for year 2004. Following indicators are result of bank's financial and economic activity in 2004, based upon bank's data (th. KZT, unless otherwise specified): -------------------------------------------------------------------- As of As of Change, Indicator Jan 1, 04 Jan 1, 05 % ----------------------------------- ---------- ---------- ------- Authorized capital (paid) 6,000,017 6,000,017 0.0 Shareholders' equity 8,461,110 10,024,988 +18.5 Total assets 50,415,600 78,019,950 +54.8 Liquid assets 33,947,599 44,708,719 +31.7 Loans granted (net) 15,613,037 32,158,422 +106.0 Liabilities, total 41,954,490 67,994,962 +62.1 Accounts and deposits 28,679,096 53,324,959 +85.9 Issued bonds 726,991 3,689,320 +407.5 Borrowed loans (excluding bonds) 12,217,942 10,705,796 -12.4 Net interest income before reserves 1,572,290 2,415,963 +53.7 Net non-interest income 1,708,760 2,634,883 +54.2 Operational expenses 1,231,390 1,608,884 +30.7 Deductions to reserves 862,854 1,544,291 +79.0 Net income 1,017,705 1,563,878 +53.7 ----------------------------------- ---------- ---------- ------- Calculated by bank's data: ----------------------------------- ---------- ---------- ------- Return on equity (ROE), % 12.03 15.60 +29.7 Return on assets (ROA), % 2.02 2.00 -0.7 -------------------------------------------------------------------- Relative to 2003 there is growth of: - shareholders equity - by KZT1.6 bn. as the result of growth of undistributed income by similar amount; - assets - by KZT27.6 bn. because of growth of net-volume of loan portfolio by 16.5 bn., securities in bank's portfolio (including purchased on repo transactions) - by 13.1 bn. and other assets - by 2.6 bn., whereas rests on correspondent accounts and deposits in other banks fell by 4.6 bn.; - liabilities - by KZT26.0 bn. because of growth of rests on deposit and other accounts by 24.6 bn., floated bonds - by 3.0 bn. that was partially compensated by falling of borrowed loans volume (including repo transactions) by 1.5 bn. and other liabilities - by 55.6 m.; - net interest incomes before deductions to reserves - by KZT843.7 m.; - net non-interest incomes - by KZT926.1 m.; - operational expenses - by KZT377.5 m.; - deductions to reserves - by KZT681.4 m. Net income, which Eurasian bank JSC earned in 2004, exceeded its net income of year 2003 by KZT546.2 m. [2005-04-22]