Results of activity of Development Bank of Kazakhstan JSC for 2004

/IRBIS, Galina Tsalyuk, June 14, 05/ - Development Bank of Kazakhstan JSC (Astana, hereinafter - bank), whose bonds are circulating in Kazakhstan stock exchange's official "A" listing category, provided KASE with the financial statements for 2004. The following indicators are results of the bank's financial and economic activity for 2004 (in th. KZT, unless otherwise specified): ----------------------------------------------------------------- As of As of Change, Indicator Jan 1, 04 Jan 1, 05 % -------------------------------- ---------- ---------- ------- Authorized capital (paid) 37,700,000 48,351,300 +28.3 Shareholders' equity 41,721,072 55,416,812 +32.8 Balance cost of assets 84,218,394 99,938,379 +18.7 Liquid assets 64,277,781 69,835,575 +8.6 Securities 49,294,146 63,430,353 +28.7 Loans granted (net) 19,520,037 28,021,150 +43.6 Total liabilities 42,497,322 44,521,567 +4.8 Borrowed loans (excluding bonds) 9,063,961 15,760,681 +73.9 Deposits and accounts 353,289 341,331 -3.4 Issued bonds 32,811,489 27,995,298 -14.7 Total income 10,823,772 15,654,836 +44.6 Total expenses 9,613,103 12,610,395 +31.2 Net income for the year 1,210,669 3,044,441 +151.5 -------------------------------- ---------- ---------- ------- Calculated by bank's data: -------------------------------- ---------- ---------- ------- Return on equity (ROE), % 2.90 5.49 +89.3 Return on assets (ROA), % 1.44 3.05 +111.9 ----------------------------------------------------------------- Relative to 2003 there is growth in: - shareholders' equity of the bank - by KZT13.7 bn., including: paid chartered capital - by 10.6 bn., reserve capital - by 1.2 bn. and undistributed income - by 1.8 bn.; - assets - by KZT15.7 bn., what is caused by growth securities by 14.1 bn., net-volume of loan portfolio - by 8.5 bn. and other assets - by 1.7 bn. with decrease of amounts, placed in other banks, by 8.6 bn.; - liabilities - by KZT2.0 bn. as a result of increase of borrowed loans volume (excluding bonds) by 6.7 bn. and other liabilities - by 143.7 m., what was partially covered by decrease of liabilities on issued bonds by 4.8 bn.; - total income - by KZT4.8 bn.; - expenses - by KZT3.0 bn. Net income earned by the bank in 2004 exceeds its net profit of 2003 by KZT1.8 bn. Primary activity - rendering of banking activities (except attracting of deposits and opening of accounts for individuals and legal entities, excluding opening and maintaining of accounts of conditional deposits, reserve accounts in compliance with agreements on loans that are guaranteed by the state, and also on servicing of investment projects, which are financed at the expense of means of Republican and local budgets). [2004-06-14]