Financial results of Bank TuranAlem JSC (Kazakhstan) in the I quarter of 2005

/IRBIS, Galina Tsalyuk, July 18, 05/ - Bank TuranAlem JSC (Almaty, the Bank), whose securities are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with financial statement for the I quarter of 2005. Following indicators are result of the bank's financial and economic activity in the I quarter of 2005, based upon the bank's data (th. KZT, unless otherwise specified): ------------------------------------------------------------------------------ As of As of Indicator Apr 1, 04 Apr 1, 05 Change,% --------------------------------------------- ----------- ----------- -------- Authorized capital (paid excluding withdrawn) 23,306,794 36,246,193 +55.5 Shareholders' equity 31,376,872 54,331,418 +73.2 Total assets 398,805,404 680,345,847 +70.6 Liquid assets 124,751,710 200,211,466 +60.5 Loans granted (net) 255,250,849 457,824,568 +79.4 Total liabilities 367,428,532 626,014,429 +70.4 Accounts and deposits 239,252,921 453,261,759 +89.4 Borrowed loans (including bonds) 122,956,887 161,073,992 +31.0 Net interest income before reserves 5,470,647 6,321,759 +15.6 Net non-interest income 2,349,981 3,117,022 +32.6 General and administrative expenses 2,002,275 2,639,087 +31.8 Deductions to reserves 3,366,407 3,007,006 -10.7 Net income for the period 1,706,362 2,020,152 +18.4 Book value of one share 14,312.96 18,147.92 +26.8 ------------------------------------------------------------------------------ Relative to the I quarter of 2004 there is growth of: - shareholders' equity of the bank - by KZT22.9 bn. as a result of growth of the paid authorized capital by KZT12.9 bn., total amount of undistributed income - by 9.4 bn. and reserves - by 632.0 m.; - total assets - by KZT281.5 bn., including: net-volume of loan portfolio - by 202.6 bn., securities in the bank's portfolio - by 64.7 bn., rests on accounts and in other banks (including the National Bank) - by 8.2 bn., cash - by 2.6 bn. and other assets - by 3.5 bn.; - liabilities - by KZT258.6 bn., of them: rests on deposit and other accounts - by 214.0 bn., borrowed loans (including bonds) - by 38.1 bn., and other liabilities - by 6.4 bn.; - net interest incomes before deductions to reserves - by KZT851.1 m.; - net non-interest incomes - by KZT767.0 m.; - general administrative expenses - by KZT636.8 m. Bank's deductions to reserves decreased by KZT359.4 m. in comparison with the I quarter of 2004. Net income the bank earned in the I quarter of 2005 exceeded its net income of similar period of 2004 by KZT313.8 m. [2005-07-18]