/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):

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                                          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
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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]