Results of activity of DANABANK JSC (Kazakhstan) in 2004

/IRBIS, Galina Tsalyuk, June 6, 05/ - DANABANK JSC (Pavlodar), whose common shares are circulating in the official "B" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with the financial statement for year 2004. Following indicators are result of the issuer's financial and economic activity in 2003, based upon the issuer's data (th. KZT, unless otherwise specified): -------------------------------------------------------------------------- As of As of Change, Indicator Jan 1, 04 Jan 1, 05 % ------------------------------------------- --------- --------- ------- Authorized capital (paid) 1,000,000 1,050,000 +5.0 Shareholders' equity (according to balance) 1,064,945 1,088,246 +2.2 Total assets 2,296,611 2,656,115 +15.7 Liquid assets 272,169 217,177 -20.2 Loans given (net) 1,795,394 2,018,172 +12.4 Total liabilities 1,231,666 1,567,869 +27.3 Accounts and deposits 980,744 1,251,019 +27.6 Borrowed loans 246,997 294,314 +19.2 Net interest income before reserves 75,608 125,750 +66.3 Net non-interest income 81,521 79,303 -2.7 Operational expenses 95,475 108,086 +13.2 Deductions to reserves 25,415 39,258 +54.5 Net income for the year 1,235 2,610 +111.3 Calculated by bank's data: Return on equity (ROE), % 0.12 0.24 +106.8 Return on assets (ROA), % 0.05 0.10 +82.7 Book value of one share, KZT 1,064.95 1,036.42 -2.7 Earnings per 1 share (EPS), KZT 1.24 2.49 +101.3 -------------------------------------------------------------------------- Price earnings ration (P/E) was not calculated because of absence of market deals in bank's shares. Relative to year 2003 there is growth of: - shareholders' equity - by KZT23.3 m. as the result of increase of paid authorized capital by 50.0 m. that was partially covered by growth of total sum of uncovered loss by 24.0 m. and falling of revaluation reserves by 2.6 m.; - assets - by KZT359.5 m. because of growth bank's loan portfolio volume by 222.8 m. cash and rests on accounts in other banks (including the National Bank) - by 90.5 m. and other assets - by 191.7 m., securities were sold for a total of 145.5 m.; - liabilities - by KZT336.2 m., including: rests on deposit and other accounts - by 270.3 m., indebtedness to Kazakhstan Government - by 47.3 m. and other liabilities - by 18.6 m.; - operational expenses - by KZT12.6 m.; - deductions to reserves - by KZT13.8 m. Net interest non-income decreased by KZT2.2 m. compared to year 2003. Net income, which DANABANK JSC earned in 2004, is higher than its net income earned in 2003 by KZT1.4 m. [2005-06-06]