Results of activity of Kazinvestbank JSC (Kazakhstan) for 2004

/IRBIS, Galina Tsalyuk, June 16, 05/ - Kazinvestbank JSC (Almaty, hereinafter - bank), whose common shares are included in official securities list of Kazakhstan Stock Exchange (KASE) under "A" category, presented to KASE financial statement 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) 1,000,000 1,450,000 +45.0 Shareholders' equity 1,056,716 1,508,959 +42.8 Total assets 1,182,493 8,588,769 +626.3 Liquid assets 96,031 4,467,686 +4,552.3 Lending portfolio (net) 973,000 3,215,675 +230.5 Total liabilities 125,777 7,079,810 +5,528.9 Accounts and deposits 109,762 5,824,033 +5,206.1 Borrowed loans 12,582 1,250,275 +9,837.0 Net interest income before reserves 101,186 267,261 +164.1 Net non-interest income 119,515 220,347 +84.4 Operational expenses 87,111 305,322 +250.5 Deductions for reserves 33,714 136,646 +305.3 Net income for the year 77,210 2,243 -97.1 ----------------------------------- --------- --------- -------- Calculated by bank's data: ----------------------------------- --------- --------- -------- Return on equity (ROE), % 7.31 0.15 -98.0 Return on assets (ROA), % 6.53 0.03 -99.6 Net earning per 1 share (EPS), KZT 7.72 0.15 -98.0 Balance cost of 1 share, KZT 105.67 104.07 -1.5 ------------------------------------------------------------------- Relative to 2003 there is growth in: - shareholders' equity of the bank - by KZT452.2 m. as a result of growth of paid authorized capital by 450.0 m. and undistributed profit - by 19.3 m. with decrease of reserve capital by 17.1 m.; - assets - by KZT7.4 bn., including: securities in bank's portfolio (including purchased on reverse repo operations) - by 2.8 bn., net-volume of lending portfolio - by 2.2 bn., balance on accounts of other banks - by 1.4 bn. and other assets - by 923.6 m.; - liabilities - by KZT6.9 bn., from them: balance of deposit and other acoutns - by 5.7 bn., borrowed loans (including operations of direct repo) - by 1.2 bn. and other liabilities - 2.1 m.; - net interest incomes before deductions for reserves - by KZT166.1 m.; - net non-interest incomes - by KZT100.8 m.; - operational expenses - by KZT218.2 m.; - deductions for reserves - by KZT102.9 m. Net income earned by the bank in 2004 less its net profit of 2003 by KZT75.0 m. [2004-06-16]