Results of activity of Alliance Bank JSC (Kazakhstan) in QI, 2005

/IRBIS, Galina Tsalyuk, October 6, 05/ - Alliance Bank JSC (Almaty), whose securities are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with the 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 bank's data (th. KZT, unless otherwise specified): -------------------------------------------------------------------------- As of As of Indicator Apr 1, 04 Apr 1, 05 Change,% --------------------------------------- ---------- ----------- -------- Authorized capital (paid) 3,575,000 14,989,160 +319.3 Shareholders' equity 4,104,297 16,327,661 +297.8 Total assets 57,105,849 140,674,218 +146.3 Liquid assets 19,594,384 70,673,026 +260.7 Credits granted (net) 36,019,018 68,019,814 +88.8 Total liabilities 53,001,552 124,346,557 +134.6 Clients' accounts and deposits 35,635,671 91,238,816 +156.0 Indebtedness to financial organizations 13,426,122 25,013,701 +86.3 Floated bonds 3,543,438 7,482,276 +111.2 Net interest income before reserves 592,844 656,920 +10.8 Net non-interest income 333,567 572,831 +71.7 Operational expenses 388,843 661,206 +70.0 Deductions to reserves 272,234 984,174 +261.5 Net income for the period 240,251 242,765 +1.0 Book value of one share, KZT 11,480.55 10,892.98 -5.1 -------------------------------------------------------------------------- Relative to the I quarter of 2004 there is growth of: - shareholders' equity - by KZT12.2 bn. as the result of growth of paid authorized capital by 11.4 bn., undistributed income - by 884.7 m., whereas other articles of equity fell by 75.5 m.; - assets - by KZT83.6 bn. including: securities in the bank's portfolio - by 44.6 bn., net-volume of loan portfolio (including repo transactions) - by 32.0 bn., cash and rests on accounts in other banks - by 5.7 bn. and other assets - by 1.3 bn.; - liabilities - by KZT71.3 bn., of them: rests on deposit and other accounts of clients - by 55.6 bn., indebtedness to financial institutions (including liabilities on repo transactions) - by 11.6 bn., floated bonds - by 3.9 bn. and other liabilities - by 215.4 m.; - net interest incomes before deductions to reserves - by KZT64.1 m.; - net non-interest incomes - by KZT239.3 m.; - operational expenses - by KZT272.4 m.; - deductions to reserves - by KZT711.9 m. Net income, which Alliance Bank JSC earned in the I quarter of 2005, exceeded its net income of similar period of 2004 by KZT2.5 m. [2005-10-06]