Results of activity of NEFTEBANK JSC (Kazakhstan) for the I quarter 2005

/IRBIS, Galina Tsalyuk, July 4, 05/ - NEFTEBANK JSC (Aktau, hereinafter - bank), whose common shares are circulating in Kazakhstan stock exchange's official "B" listing category, provided KASE with the financial statements for the I quarter 2005. The following indicators are results of its financial and economic activity for the I quarter 2005 (in th. KZT, unless otherwise specified): ------------------------------------------------------------------ As of As of Change, Indicator Apr 1, 04 Apr 1, 05 % ----------------------------------- --------- --------- ------- Authorized capital (paid) 835,757 1,321,000 +58.1 Shareholders' equity 932,288 1,339,153 +43.6 Balance cost of assets 3,630,307 5,339,662 +47.1 Liquid assets 1,193,367 2,768,672 +132.0 Credits granted (net) 1,592,654 1,965,727 +23.4 Total liabilities 2,698,019 4,000,509 +48.3 Deposits placed in banks 2,281,017 3,602,192 +57.9 Borrowed loans 350,561 337,431 -3.7 Net interest income before reserves 46,677 69,410 +48.7 Net non-interest income 43,023 56,098 +30.4 Operational expenses 72,794 65,121 -10.5 Deductions to reserves 4,907 18,148 +269.8 Net income for the period 18,683 1,319 -92.9 Balance cost of 1 shares, KZT 1,473.58 1,339.15 -9.1 ------------------------------------------------------------------ Relative to the 1 quarter 2004 there is growth in: - shareholders' equity of the bank - by KZT406.9 m., as a result of increase of paid authorized capital by 485.2 m. and decrease of amount of uncovered loss by 124.7 m., what was partially covered by decrease of accumulations in funds and reserves by 203. 0 m.; - assets - by KZT1.7 bn., what was caused by growth of securities in bank's portfolio by 1.0 bn., amounts in correspondent accounts and investments in other banks - by 561.9 m. and net-volumes of loan portfolio - by 373.1 m. with decrease of other assets by 285.3 m.; - liabilities - by KZT1.3 bn. due to increase of deposits placed in banks for the similar amount; - net interest income before deductions for reserves - by KZT22.7 m.; - net non-interest income - by KZT13.1 m.; - deductions for reserves - KZT13.2 m. - operational expenses of the bank in comparison with the I quarter 2004 decreased by KZT7.7 m. Net income earned by the bank in the I quarter 2005, less its net income of similar period of 2004 by KZT17.4 m. [2004-07-04]