Results of activity of DANABANK JSC (Kazakhstan) in the I quarter 2005

/IRBIS, Galina Tsalyuk, July 13, 05/ - DANABANK JSC (Pavlodar, hereinafter - bank), whose shares are circulating in Kazakhstan stock exchange (KASE) official "B" listing category, provided KASE with financial statement 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, 04 Apr 1, 05 % ------------------------------ --------- --------- ------- Authorized capital (paid) 1,000,000 1,050,000 +5.0 Shareholders' equity 1,064,617 1,087,895 +2.2 Total assets 2,180,556 2,220,525 +1.8 Liquid assets 292,927 76,769 -73.8 Credits to clients (net) 1,693,969 1,977,003 +16.7 Total liabilities 1,115,939 1,132,630 +1.5 Clients' accounts and deposits 879,887 838,303 -4.7 Borrowed loans 219,186 267,360 +22.0 Total incomes 85,362 91,046 +6.7 Total expenses 84,370 89,951 +6.6 Net income for the period 992 1,095 +10.4 Balance cost of 1 share, KZT 1,064.62 1,036.09 -2.7 ---------------------------------------------------------- Relative 1 quarter 2004 there is growth in: - company's own capital - by KZT23.2 m., as a result of increase of paid authorized capital by 50.0 m., what was partially covered by growth of amount of uncovered loss by 24.5 m. and decrease of reserves on revaluation by 2.3 m.; - assets - by KZT40.0 m., what was caused by growth of net-volume of loan portfolio by 283.0 m. with decrease of balance on correspondent accounts in other banks by 212.0 m. and other assets - by 31.0 m.; - liabilities - by KZT16.7 m., in connection with growth of volume of loans received from the Government of the Republic of Kazakhstan by 48.2 m. and other liabilities - by 10.1 m. with decrease of balance on clients' deposit and other accounts by 41.6 m.; - bank's incomes - by KZT5.7 m.; - total incomes - by KZT5.6 m. Net income, earned by the bank in the I quarter 2005 exceeds its net income of corresponding period of 2004 by KZT103.0 th. [2004-07-13]