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

/IRBIS, Galina Tsalyuk, October 17, 05/ - Tsesnabank JSC (Astana, hereinafter - bank), whose securities are circulating in the official "A" listing category of Kazakhstan stock exchange (KASE), provided KASE with financial statement for the I quarter 2005. Following indicators are result of the bank's financial and economic activity in the I quarter 2005, based on the bank's data (th. KZT, unless otherwise specified): -------------------------------------------------------------------- as of as of Change, Index Apr 1, 04 Apr 1, 05 % ----------------------------------- ---------- ---------- ------- Authorized capital (paid) 531,067 777,394 +46.2 Shareholders' equity 1,415,119 2,081,685 +47.1 Total assets 13,119,472 23,316,951 +77.7 Liquid assets 3,515,463 6,857,036 +95.1 Credits granted (net) 8,638,863 15,458,120 +78.9 Accounts and deposits 11,704,353 21,235,266 +81.4 Investments in securities 10,786,432 18,595,745 +72.4 Borrowed loans (excluding bonds) 552,430 976,888 +76.8 Floated bonds - 1,505,865 - Net interest income before reserves 223,246 319,974 +43.3 Net no-interest income 118,588 159,772 +34.7 General administrative expenses 193,242 322,890 +67.1 Deductions to reserves 32,030 35,452 +10.7 Net income for the period 80,761 81,174 +0.5 Book value of one share, USD 2,650.20 2,677.77 +1.0 -------------------------------------------------------------------- Relative to the I quarter 2004 there is growth of: - shareholders' equity of the bank - by KZT666.6 m. as the result of increase of resulting sum of undistributed income by 424.6 m. and paid authorized capital - by 245.8 bn. with decrease of reserves on revaluation by 3.8 m.; - assets - by KZT10.2 bn., including: net-volume of loan portfolio - by 6.8 bn., securities in the bank's portfolio - by 2.9 bn. and other assets - by 446.4 m.; - liabilities - by KZT9.5 bn., what was caused by floatation of bonds for the amount KZT1.5 bn., growth of balance in deposit and pother accounts by 7.8 bn. and borrowed loans volume (excluding bonds) - by 424.6 m. with decrease of other liabilities by 208.7 m.; - net interest incomes before deductions to reserves - by KZT96.7 m.; - net non-interest incomes - by KZT41.2 m.; - general administrative expenses - by KZT129.6 m.; - deductions to reserves - by KZT3.4 m. Net income earned by the bank in the I quarter 2005, exceeded its net income of similar period of 2004 by KZT413.0 th. [2005-10-17]