Results of activity of Halyk savings bank of Kazakhstan JSC in the I quarter of 2005

/IRBIS, Galina Tsalyuk, May 6, 05/ - Halyk savings bank of Kazakhstan JSC (Almaty), whose securities 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 on bank's data (th. KZT, unless otherwise specified): ----------------------------------------------------------------------------- as of as of Change, Indicator Apr 1, 04 Apr 1, 05 % --------------------------------------------- ----------- ----------- ------- Authorized capital (paid excluding withdrawn) 9,880,461 15,742,637 +59.3 Shareholders' equity 22,544,202 35,280,718 +56.5 Total assets 273,809,213 478,971,429 +74.9 Liquid assets 81,581,507 179,931,550 +120.6 Loan to clients (net) 178,000,890 280,124,508 +57.4 Liabilities, total 251,265,011 443,690,711 +76.6 Accounts and deposits 174,641,022 302,806,276 +73.4 Borrowed loans (excluding bonds) 57,580,960 79,286,135 +37.7 Issued bonds 8,734,599 49,698,732 +469.0 Net interest income before reserves 4,025,407 5,248,258 +30.4 Net non-interest income 2,245,489 3,520,460 +56.8 Operational expenses 2,227,418 3,356,865 +50.7 Deductions to reserves 1,233,304 3,180,559 157.9 Net income for the period 1,626,575 1,019,507 -37.3 Book value of one share, KZT 228.17 314.81 +38.0 ----------------------------------------------------------------------------- Relative to similar period of 2004 there is growth of: - shareholders' equity - by KZT12.7 bn. as the result of growth of total sum of undistributed income by 6.8 bn., paid authorized capital - by 5.9 bn. and savings in funds and reserves - by 65.4 m.; - assets - by KZT205.2 bn. including: net-volume of loan portfolio - by 102.1 bn., securities in bank's portfolio - by 36.0 bn., rests on correspondent accounts and on deposits in other banks - by 60.7 bn. and other assets - by 6.3 bn.; - liabilities - by KZT192.4 bn., of them: rests on deposit and other accounts - by 128.2 bn., borrowed loans (excluding bonds) - by 21.7 bn., floated bonds - by 41.0 bn. and other liabilities - by 1.6 bn.; - net interest income before deductions to reserves - by KZT1.2 bn.; - net non-interest income - by KZT1.3 bn.; - operational expenses - by KZT1.1 bn.; - deductions to reserves - by KZT1.9 bn. Net income, which bank earned in the I quarter of 2005, has decreased in comparison with its net income of similar period of 2004 by KZT607.1 m. [2005-05-06]