Results of activity of Bank CenterCredit JSC (Kazakhstan) in first quarter of 2005

/IRBIS, Galina Tsalyuk, May 12, 05/ - Bank CenterCredit JSC (Almaty), whose securities are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with the financial statements for the first quarter of 2005. Following indicators are result of the bank's financial and economic activity for the period, based upon the bank's data (th. KZT, unless otherwise specified): ----------------------------------------------------------------------------- As of As of Indicator Apr 1, 04 Apr 1, 05 Change,% --------------------------------------------- ---------- ----------- -------- Authorized capital (paidЧup) 5,063,339 7,601,512 +50.1 Shareholders' equity (ac-ng to balance sheet) 7,987,862 13,177,834 +65.0 Total assets 95,152,276 195,646,491 +105.6 Liquid assets 24,354,374 71,220,884 +192.4 Credits granted (net) 66,507,473 117,082,769 +76.0 Total liabilities 87,164,414 182,468,657 +109.3 Accounts and deposits 61,869,549 103,502,781 +67.3 Borrowed loans (excluding bonds) 19,885,792 41,659,859 +109.5 Issued bonds 4,273,653 35,932,679 +740.8 Net interest income before reserves 1,212,809 1,811,910 +49.4 Net non-interest income 915,709 1,358,198 +48.3 General administrative expenses 911,211 1,255,466 +37.8 Deductions to reserves 301,208 897,689 +198.0 Net income for the period 565,671 773,034 +36.7 Book value of one share, KZT 315.52 316.53 +0.3 ----------------------------------------------------------------------------- Relative to similar period of 2004 there is increase of: - share capital (on balance) - by 5.2 bn tenge as a result of increase of paid part of authorized capital - 2.5 bn and total amount of net income (of the last and current periods) by 2.7 bn; - assets rose by 100.5 bn, including net loan portfolio - by 50.6 bn, securities portfolio (including reverse repurchase agreements) - 26.2 bn, correspondent accounts and accounts in other banks - 19.9 bn, depreciated cost of fixed assets - by 1.3 bn and other assets - 2.5 bn.; - liabilities - by KZT95.3 bn., including: rest amounts at deposit and other accounts - 41.6 bn, floated bonds - 31.6 bn., borrowed funds (excluding bonds) - 21.8 bn, and other liabilities - 237.9 m.; - net interest income before provisions - KZT599.1 m.; - net non-interest income - KZT442.5 m.; - operating expenses - by KZT344.2 m.; - deduction to reserves - KZT596.5 m; Net income earned by Bank CenterCredit JSC for the reported period, exceeded its net income earned in similar period of 2004 by KZT207.4 m. [2005-05-12]