Results of activity of Tsesnabank JSC (Kazakhstan) in 2004

/IRBIS, Galina Tsalyuk, June 7, 05/ - Tsesnabank JSC (Astana), whose securities are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with the financial statement for year 2004. Following indicators are result of bank's financial and economic activity in 2004, based upon the bank's data (th. KZT, unless otherwise specified): --------------------------------------------------------------------------- As of As of Change, Indicator Jan 1, 04 Jan 1, 05 % --------------------------------------------- ---------- ---------- ------- Authorized capital (paid excluding withdrawn) 531,067 777,394 +46.4 Shareholders' equity 1,333,839 2,000,510 +50.0 Total assets 12,146,159 20,300,405 +67.1 Liquid assets 3,927,891 6,640,389 +69.1 Loans given (net) 7,522,837 12,721,790 +69.1 Total liabilities 10,812,320 18,299,895 +69.3 Accounts and deposits 9,808,719 14,971,253 +52.6 Borrowed loans (excluding bonds) 941,853 1,668,201 +77.1 Issued bonds - 1,467,258 - Net interest income before reserves 786,659 1,026,377 +30.5 Net non-interest income 536,267 606,169 +13.0 Operational expenses 744,172 1,098,553 +47.6 Deductions to reserves 159,665 25,615 -84.0 Net income for the year 319,038 420,325 +31.7 --------------------------------------------- ---------- ---------- ------- Calculated by bank's data: --------------------------------------------- ---------- ---------- ------- Return on equity (ROE), % 23.92 21.01 -12.2 Return on assets (ROA), % 2.63 2.07 -21.2 Earnings per 1 share (EPS), KZT 600.75 744.45 +23.9 Price earnings ration (P/E) - 1.34 - Book value of one share, KZT 2,511.62 2,571.70 +2.4 --------------------------------------------------------------------------- Relative to year 2003 there is growth of: - shareholders' equity - by KZT666.7 m. as the result of increase of total amount of undistributed income by 424.1 m. and paid authorized capital - by 246.3 m. whereas reserves decreased by 3.8 m.; - assets - by KZT8.1 bn. because of growth of the net-volume of loan portfolio by 5.2 bn. securities in bank's portfolio (including purchased on repo transactions) - by 2.3 bn. cash - by 805.1 m., whereas other assets fell by 154.9 m.; - liabilities - by KZT7.5 bn., because of bonds floatation for a total of 1.5 bn. and growth of rests on deposit and other accounts by 5.2 bn., borrowed loans (excluding bonds but including repo transactions) - by 726.3 m. and other liabilities - by 131.4 m.; - net interest income before deductions to reserves - by KZT239.7 m.; - net non-interest income - by KZT69.9 m.; - operational expenses - by KZT354.4 m. Bank's deductions to reserves decreased by KZT134.1 m. compared to year 2003. Net income, which the bank earned in 2004, exceeded its net income earned in 2003 by KZT101.3 m. [2005-06-07]