Results of activity of TEMIRBANK JSC (Kazakhstan) in the first quarter of 2005

/IRBIS, Galina Tsalyuk, April 29, 05/ - TEMIRBANK JSC (Almaty), whose securities are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with the financial statements for the first quarter of 2005. Following indicators are the result of the bank's financial and economic activity in the first quarter of 2005, based upon the bank's data (th. KZT, unless otherwise specified): --------------------------------------------------------------- as of as of Change, Index Apr 1, 04 Apr 1, 05 % ------------------------------ ---------- ---------- ------- Authorized capital (paid-up) 1,900,000 3,077,500 +62.0 Shareholders' equity (acc-ing. to balance sheet) 2,930,735 4,407,616 +50.4 Total assets 22,891,880 28,837,923 +26.0 Liquid assets 6,125,046 8,601,445 +40.4 Credits granted (net) 14,940,338 17,628,049 +18.0 Liabilities, total 19,961,145 24,430,307 +22.4 Accounts and deposits 13,041,295 14,421,590 +10.6 Borrowed loans 5,059,821 7,594,429 +50.1 Issued bonds 1,722,843 2,035,282 +18.1 Net interest income (loss) 1,596,659 1,487,263 -6.9 Net non-interest income (loss) 1,408,433 1,675,479 +19.0 Operating expenses 1,860,617 2,141,961 +15.1 Deductions to reserves 269,443 360,568 +33.8 Net income 281,405 308,549 +9.6 Book value per share, KZT --------------------------------------------------------------- Relative to Q1 2004 there is increase of (in tenge): - shareholders' equity - by KZT960.3 m. as the result of increase of the paid part of authorized capital by 572.5 bn., total sum of undistributed income - by 396.9 m., a decline in additional paid in capital - by 5.1 m. and revaluation reserves - by 4.0 m; - assets - by 18.2 bn., including: net-volume of loan portfolio - by 14.1 bn., amounts on correspondent accounts and deposits in other banks - by 1.9 bn., securities in the bank's portfolio - by 915.5 m., and other assets - by 1.2 bn.; - liabilities - by 17.2 bn. of them: accounts and deposits - by 12.5 bn., attracted loans - 2.7 bn, floated bonds - by 1.8 bn, and other liabilities - by 302.5 m; - net interest income before provisions - KZT131.1 m.; Relative to the first quarter of 2004 net non-interest income earned by the Bank declined by KZT84.3 m., deductions to reserves - by KZT76.9 m. Net consolidated income, which TEMIRBANK JSC received according to results of first quarter of 2005, exceeded net income of the corresponding period of year 2003 by 39.4 m. [2004-04-29]