Results of activity of Development Bank of Kazakhstan JSC for the I quarter 2005

/IRBIS, Galina Tsalyuk, June 27, 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 the I quarter 2005. The following indicators are results of the bank's financial and economic activity for the I quarter 2005 (in th. KZT, unless otherwise specified): --------------------------------------------------------------------- As of As of Change, Indicator Apr. 1, 03 Apr. 1, 04 % -------------------------------- ---------- ----------- ---------- Authorized capital (paid) 45,365,000 58,351,300 +28.6 Shareholders' equity 50,237,151 66,303,907 +32.0 Balance cost of assets 87,415,891 119,089,590 +36.2 Liquid assets 68,538,497 80,164,002 +17.0 Reverse repo operations 1,000,001 - - Securities 51,842,464 73,035,176 +40.9 Loans granted (net) 17,201,447 35,588,395 +106.9 Total liabilities 37,178,740 52,785,683 +42.0 Borrowed loans (excluding bonds) 4,641,708 16,086,094 +246.6 Issued bonds 31,891,026 28,553,051 -10.5 Deposits and accounts 3,295 6,782,057 +205,728.7 Total income 4,330,816 4,662,746 +7.7 Total expenses 3,479,736 3,775,651 +8.5 Net income for the year 851,080 887,095 +4.2 --------------------------------------------------------------------- Relative to I quarter 2004 there is growth in: - shareholders' equity of the bank - by KZT16.1 bn., including: paid part of authorized capital - by 13.0 bn., reserve capital - by 3.0 bn. and undistributed income - by 36.0 bn.; - assets - by KZT31.7 bn., what is caused by growth securities bank's portfolio by 21.2 bn., net-volume of loan portfolio - by 18.4 bn. and other assets - by 661.3 bn. with decrease of amounts, placed in other banks, by 8.6 bn.; - liabilities - by KZT15.6 bn. as a result of increase of borrowed loans volume by 11.4 bn. (excluding bonds, but including direct repo), balance at deposit and other account of clients - by 6.8 bn. and other liabilities - by 721.8 m., what was partially covered by decrease of liabilities on issued bonds by 3.3 bn.; - total income - by KZT331.9 bn.; - total expenses (including deductions for reserves and income tax)- by KZT295.9 bn. Net income earned by the bank in I quarter 2005 exceeds its net profit of corresponding period of 2004 by KZT36.0 m. 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). [2004-06-27]