Results of activity of JB LARIBA-BANK JSC (Kazakhstan) in the I quarter of 2005

/IRBIS, Galina Tsalyuk, May 13, 05/ - JB LARIBA-BANK JSC (Almaty), whose bonds are circulating in Kazakhstan stock exchange's (KASE) official "B" listing category, provided KASE with the 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): ------------------------------------------------------------------- As of As of Indicator Apr 1, 04 Apr 1, 05 Change,% ----------------------------------- --------- --------- -------- Authorized capital (paid) 1,000,000 1,000,000 0.0 Shareholders' equity 1,386,572 1,575,839 +13.6 Total assets 2,532,930 3,302,013 +30.4 Liquid assets 636,339 457,089 -28.2 Credits granted (net) 1,622,450 2,475,250 +52.6 Total liabilities 1,146,358 1,726,174 +50.6 Accounts and deposits 987,701 1,580,165 +60.0 Issued bonds 69,922 47,809 -31.6 Net interest income before reserves 67,238 84,677 +25.9 Net non-interest income 58,274 49,881 -14.4 Operational expenses 43,135 76,227 +76.7 Deductions to reserves 9,489 8,843 -6.8 Net income for the period 62,078 56,695 -8.7 ------------------------------------------------------------------- Relative to similar period of 2004 there is growth of: - shareholders' equity - by KZT189.3 m. as the result of growth of total amount of undistributed income by the similar amount; - assets - by KZT769.1 m. due to growth of net-volume of loan portfolio by 852.8 m., cash - by 51.8 m., rests on accounts in other banks - by 30.0 m. and other assets - by 95.5 m., while securities in bank's portfolio (including securities purchased on reverse repo transactions) fell by 261.0 m.; - liabilities - by KZT579.8 m. due to growth of rests on deposit and on other accounts by 592.5 m. and other liabilities - by 9.5 m. that was partially covered by falling of liabilities on bonds by 22.1 m.; - net interest income before deductions to reserves - by KZT17.4 m.; - operational expenses - by KZT33.1 m. Net non-interest income fell by KZT8.4 m. in comparison with the I quarter of 2004, deductions to reserves - by KZT646.0 th. Net income, which JB LARIBA-BANK OJSC earned in the I quarter of 2005, is less by KZT5.4 m. than its net income of similar period of 2004. [2005-05-13]