Results of activity of BTA Ipoteka JSC (Kazakhstan) in QI, 2005

/IRBIS, Galina Tsalyuk, October 14, 05/ - BTA Ipoteka JSC (Almaty), whose bonds are circulating in the official "B" 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 issuer's financial and economic activity in the I quarter of 2005, based upon the issuer's data (th. KZT, unless otherwise specified): -------------------------------------------------------------------- as of as of Indicator Apr 1, 04 Apr 1, 05 Change,% ----------------------------------- --------- ---------- -------- Authorized capital (paid) 40,000 1,269,992 +3,075.0 Shareholders' equity 368,922 1,890,773 +412.5 Total assets 5,909,855 11,999,970 +103.1 Loans and financial rent (net) 5,529,389 11,210,904 +102.8 Total liabilities 5,492,126 10,109,197 +84.1 Borrowed loans (excluding bonds) 5,099,696 7,062,957 +38.5 Floated bonds 391,000 2,842,259 +626.9 Net interest income before reserves 142,543 329,515 +131.2 Net non-interest income 76,409 164,098 +114.8 General administrative expenses 37,095 76,978 +107.5 Deductions to reserves 62,263 222,572 +257.5 Net income for the period 92,964 135,777 +46.1 -------------------------------------------------------------------- Relative to the I quarter of 2004 there is growth of: - shareholders' equity - by KZT1.5 bn. as the result of growth of the paid authorized capital by 1.2 bn., and undistributed income - by 378.1 m., while reserve capital fell by 86.3 m.; - assets - by KZT6.1 bn., including: net-volume of given loans (including financial rent) - by 5.7 bn. and other assets - by 408.6 m.; - liabilities - by KZT4.6 bn. of them: floated bonds - by KZT2.4 bn., borrowed loans volume (excluding bonds) - by 2.0 bn. and other liabilities - by 202.5 m.; - net interest incomes before deductions to reserves - by KZT187.0 m.; - net non-interest incomes - by KZT87.7 m.; - general administrative expenses - by KZT39.9 m.; - deductions to reserves - by KZT160.3 m. Net income, the company earned in the I quarter of 2005, exceeded its net income of similar period of 2004 by KZT42.8 m. Company's primary activities - carrying out works and rendering services for companies, organizations and population concerned with mortgage financing of purchase, building and repair of real estate, loan operations, consulting services. [2005-10-14]