Financial statementas of 1st quarter 2006
"INDUSTRIALBANK", Zaporozhye

(thousands UAH)

Tier / Article / For the reporting date of the quarter
Current year / Previous year
1 / 2 / 3 / 4
1 / Net interest income / 28353 / 14915
1.1 / Interest income / 48649 / 23762
1.2 / Interest expenses / (20296) / (8847)
2 / Net commission income / 10001 / 9597
2.1 / Commission income / 11348 / 10404
2.2 / Commission expenses / (1347) / (807)
3 / Trade income / 382 / 6
4 / Dividend income / 0 / 0
5 / Capital related income / 0 / 0
6 / Other income / 762 / 977
7 / Total income / 39498 / 25495
8 / Common administrative expenses / (10389) / (3043)
9 / Personnel expenses / (8747) / (2927)
10 / Capital related loss / 0 / 0
11 / Other expenses / (1548) / (1047)
12 /

Income from transactions

/ 18814 / 18478
13 / Net expenses for reserves creation / (4358) / 7314
14 / Income/Loss from long-term assets for sale / 4 / 0
15 / Income before taxation / 14460 / 25792
16 / Income tax / (3615) / (6448)
17 / Net Profit / 10845 / 19344
18 / Net income/loss from sale of long-term assets for sale / 0 / 0
19 /

Net income/loss of the bank

/ 10845 / 19344

Chairman of the Board ______Grebinskiy L.A.

Chief Accountant ______Grebeshkova T.V.

Balance as of 1st quarter 2006
"INDUSTRIALBANK", Zaporozhye

(UAH thousands)

Tier / Item / At the reporting date of current quarter / At the end of prior financial year
1 / 2 / 3 / 4
ASSETS
1 / Balances and cash with National
bank of Ukraine / 136934 / 153957
2 / Securities that are refinanced by NBU. / 2835 / 3000
2.1 / Reserve under treasury securities
depreciation, that are refinanced by NBU / 0 / (124)
2.2 / Reserves in percents to asset / 0 / 4
3 / Funds with other banks / 503657 / 282937
3.1 / Reserves under other banks debt / (7335) / (8179)
3.2 / Reserves in percents to asset / 1 / 3
4 / Securities in trade portfolio of the bank / 0 / 0
5 / Securities in portfolio of the bankfor sale / 108361 / 97730
5.1 / Reserves under securities depreciation in portfolio of the bank for sale / (5203) / (5287)
5.2 / Reserves in percents to asset / 5 / 5
6 / Loans granted: / 1076953 / 1079561
6.1 / To legal entities / 1015512 / 1019125
6.2 / To individuals / 61441 / 60436
6.3 / Reserves under loan debt / (68203) / (62305)
6.4 / Reserves in percents to asset / 6 / 6
7 / Securities before maturity / 98156 / 99004
7.1 / Reserves under securities depreciation before maturity / (2852) / (1753)
7.2 / Reserves in percents to asset / 3 / 2
8 / Investments with associated companies and subsidiaries / 6500 / 6500
9 / Fixed assets / 99664 / 101781
10 / Intangible assets / 1059 / 1081
11 / Accrued income before receiving: / 17000 / 15007
11.1 / Including overdue income / 164 / 949
11.2 / Including doubtful accrued income / 1467 / 2334
11.3 / Reserves under accrued income / (1506) / (2600)
11.4 / Reserves in percents to asset / 92 / 79
12 / Deferred tax asset / 1472 / 1472
13 / Other assets / 19354 / 16516
13.1 / Reserves under other assets / (240) / (113)
13.2 / Reserves in percents to asset / 3 / 4
14 / Long-term assets for sale / 0 / 0
14.1 / Reserves for decrease of investments utility with associated companies and subsidiaries for sale / 0 / 0
14.2 / Reserves in percents to asset / 0 / 0
15 / Total assets / 1986606 / 1778185
Liabilities
16 / Other banks funds / 276113 / 284363
17 / Legal entities funds / 903293 / 694933
18 / Individuals funds / 379959 / 380330
19 / Save (deposit) certificates issued by the bank / 0 / 0
20 / Debt securities issued by the bank / 0 / 10000
21 / Expenses accrued to be paid / 7856 / 7703
22 / Deferred tax liabilities / 12758 / 9143
23 / Other liabilities / 19958 / 66671
24 / Total liabilities / 1599937 / 1453143
EQUITY CAPITAL
25 / Share capital / 154938 / 100584
26 / Own shares (stakes, shares) redempted from shareholders (members) / 0 / 0
27 / Issuing differences / 8020 / 8020
28 / Reserves and other funds of the bank / 77857 / 77857
29 / Revaluation reserves, including: / 14737 / 14743
29.1 / Property revaluation reserves / 4685 / 4685
29.2 / Revaluation reserves for non-negotiable assets / 0 / 0
30 / Securities revaluation reserves / 1661 / 5339
31 / Previous years income/loss / 118611 / 51609
32 / Current year income/loss / 10845 / 66890
33 / Total equity capital / 386669 / 325042
34 / Total liabilities / 1986606 / 1778185

Chairman of the Board ______Grebinskiy L.A.

Chief Accountant ______Grebeshkova T.V.

вик. Гончаров О.О.
т.225-18-48

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