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

/IRBIS, Galina Tsalyuk, August 8, 05/ - Industrial Bank of Kazakhstan JSC (Almaty, hereinafter - bank), whose common shares are included in the official "B" listing category of Kazakhstan stock exchange (KASE), provided KASE with consolidated financial statement for the I quarter 2005. Following indicators are consolidated results of the bank's financial and economic activity in the I quarter 2005, based upon the bank's data (th. KZT, unless otherwise specified): ----------------------------------------------------------------- As of As of Change, % Indicator Apr 1, 04 Apr 1, 05 -------------------------------- --------- --------- --------- Authorized capital (paid) 1,000,000 1,000,000 0.0 Shareholders' equity 1,156,563 1,034,553 -10.5 Total assets 2,226,974 2,565,757 +15.2 Liquid assets 245,420 591,286 +140.9 Credits granted (net) 1,834,356 1,756,720 -4.2 Обязательства, всего 1,070,411 1,531,204 +43.0 Счета и депозиты 1,008,015 1,343,202 +33.3 Total liabilities 24,046 61,245 +154.7 Total incomes 119,347 201,165 +68.6 Total expenses 82,268 254,517 +209.4 Net profit (loss) for the period 37,079 (53,352) - Balance cost of 1 share, KZT 1,156.56 1,034.55 -10.5 ----------------------------------------------------------------- Bank's own capital relative to the I quarter 2004 decreased by KZT122.0 m. as a result of increase of uncovered loss by the same amount, but there is also growth of: bank's assets - by KZT338.8 m., what was caused by growth of balances in the accounts of other banks by 243.2 m., cash currency - by 102.3 m. and other assets - by 70.9 m. with decrease of net-volume of loan portfolio by 77.6 m.; liabilities - by KZT460.8 m., including: balances on deposit and other accounts - by 335.2 m., borrowed loans - by 37.2 m. and other liabilities - by 88.4 m.; total incomes - by KZT81.8 m., expenses (including deductions to reserves on possible losses) - by KZT172.2 m. In the I quarter 2005 the bank got loss in the amount KZT53.4 m. against KZT37.1 m. of net profit of corresponding period of 2004. [2005-08-08]