/IRBIS, Galina Tsalyuk, April 28, 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 the I quarter of 2005.

Following indicators are result of bank's financial and economic activity in the I quarter of 2005, based upon bank's data (th. KZT):

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                                           As of       As of  Change,
Indicator                              Apr 1, 04   Apr 1, 05        %
------------------------------------  ----------  ----------  -------
Authorized capital (paid)              6,000,017   6,000,017      0.0
Shareholders' equity                   8,838,664  10,816,037    +22.4
Total assets                          53,454,187  81,682,577    +52.8
Liquid assets                         33,171,445  49,742,137    +50.0
Loans granted (net)                   17,499,212  30,060,944    +71.8
Liabilities, total                    44,615,523  70,866,540    +58.8
Clients' accounts and deposits        33,438,676  56,148,396    +67.9
Issued bonds                             741,666   3,749,978   +405.6
Indebtedness to banks and other        9,759,691   9,052,953     -7.2
financial organizations
Net interest incomes before reserves     503,298     822,449    +63.4
Net non-interest incomes                 288,270     548,199    +90.2
Operational expenses                     324,710     455,671    +40.3
Deductions to reserves                   413,917      52,294    -87.4
Net income of the period                 377,554     791,048   +109.5
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Relative to similar period of 2004 there is growth of:

• shareholders equity - by KZT2.0 bn. as the result of growth of undistributed income by similar amount;
• assets - by KZT28.2 bn. including: net-volume of loan portfolio - by 12.6 bn., amounts on correspondent accounts and deposits in other banks - by 11.3 bn., securities in bank's portfolio - by 3.4 bn. and other assets - by 898.9 m.;
• liabilities - by KZT26.2 bn. because of growth of rests on deposit and other accounts of clients by 22.7 bn., floated bonds - by 3.0 bn. and other liabilities - by 1.2 bn. while indebtedness to other banks and financial organizations fell by 706.7 m.;
• net interest incomes before deductions to reserves - by KZT319.1 m.;
• net non-interest incomes - by KZT259.9 m.;
• operational expenses - by KZT131.0 m.

Bank's deductions to reserves fell by KZT361.6 m. in comparison with the I quarter of 2004.

Net income, which Eurasian bank JSC earned in the I quarter of 2005, exceeded its net income of similar period of 2004 by KZT413.5 m.

[2005-04-28]