OREANDA-NEWS. May 21, 2010. ATFBank (Almaty), listing on Kazakhstan Stock Exchange (KASE), provided KASE with a press release, reported the press-centre of KASE:

UNICREDIT GROUP'S Q1 Y2010 HIGHLIGHTS: EUR520 M NET PROFIT, INCREASE ON YEAR-TO-YEAR BASIS. CONFIDENT REVENUES, REDUCTION IN LOAN PROVISIONS

- The Group's share in net profit: EUR520 m, +40.1% compared to Q4 2009 and +16.5% compared to Q1 2009

- Operating revenues: EUR6.806 bn, +5.6% compared to Q4 2009 and +3.7% compared to Q1 2009; quarterly trends prove growth of net commissions and stable net interest income from commercial operations, exceeding that of Q4 2009.

- Operating costs: EUR3.878 bn, with improved ratio of administrative vs current expenses (57.0% on a year-to-year basis)

- Operating profit: EUR2.928 bn, change of +10.9% compared with Q4 2009 and +6.9% compared with Q1 2009

- Reduction in reserves for possible losses down to EUR1.791 bn, with risk costs reducing through Q3 down to 127 bps, which is 37 bps less than the peak of Q2 2009.

- Stable balance structure: own capital (net of intangible assets) per share, back to the level before the capital surplus, financial reliance improved 21.6

- First level capital sufficiency - 8.45%, no significant changes vs Q4 2009

Ends

The full version of the press release is available at the KASE website at
http://www.kase.kz/files/emitters/ATFB/atfb_reliz_180510.pdf