Results of activity of ATFBank JSC (Kazakhstan) in QI of 2005

/IRBIS, Galina Tsalyuk, October 5, 05/ - ATFBank JSC (Almaty), whose securities are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with financial statement for the I quarter of 2005. Following indicators are result of bank's financial and economic activity in the I quarter of 2005, based upon bank's data (th. KZT, unless otherwise specified): ---------------------------------------------------------------------- as of as of Change, Indicator Apr 1, 04 Apr 1, 05 % ----------------------------------- ----------- ----------- ------- Authorized capital (paid-up) 6,940,824 14,770,761 +112.8 Shareholders' equity 10,189,561 20,135,193 +97.6 Total assets 104,457,205 191,776,868 +83.6 Liquid assets 33,606,008 67,168,644 +99.9 Loans granted (net) 67,067,601 122,175,903 +82.2 Liabilities, total 94,267,644 171,641,675 +82.1 Accounts and deposits 59,518,015 86,097,585 +44.7 Issued bonds 4,827,605 50,178,406 +939.4 Borrowed loans (excluding bonds) 28,998,844 34,217,725 +18.0 Net interest income before reserves 1,541,765 2,080,745 +35.0 Net non-interest income 643,849 724,683 +12.6 General administrative expenses 780,357 1,455,006 +86.5 Deductions to reserves 543,935 -150,962 -127.8 Net income 485,145 1,253,838 +158.4 Book value of one share, KZT 1,468.06 1,363.18 -7.1 ---------------------------------------------------------------------- Relative to the I quarter of 2004 there is growth of: - shareholders' equity - by KZT9.9 bn. as a result of increase of the paid authorized capital by 7.8 bn. and undistributed income - by 2.5 bn., that was partially compensated by falling of other articles of equity by 360.9 m.; - assets - by KZT87.3 bn., including: net-volume of loan portfolio - by 55.1 bn., securities in bank's portfolio (including purchased on repo transactions) - by 19.3 bn., cash and its equivalents (rests on accounts in central banks) - by 9.6 bn. and other assets - by 3.3 bn.; - liabilities - by KZT77.4 bn., of them: issued bonds - by 45.3 bn., rests on deposit and other accounts - by 26.6 bn., borrowed loans (excluding bonds) - by 5.2 bn. and other liabilities - by 224.8 m.; - net interest incomes before deductions to reserves - by KZT539.0 m.; - net non-interest incomes - by KZT80.8 m.; - general administrative expenses - by KZT674.6 m. Deductions to reserves fell by KZT694.6 m. compared to the I quarter of 2004. Net income, which bank earned in the I quarter of 2005 exceeded its net income of similar period of 2004 by KZT768.7 m. [2005-10-04]