Report on profits and losses

on 31/12/2008 (including)
(consolidated)

Institution: JSC "Bank-Bakai"
Unit: thousand soms

Name of article
31.12.2008 31.12.2007

Interest income
114 579

75 764

Interest expense
(30 998)

(18 493)

Net interest income before provision of reserve for possible credit losses expense
83 581

57 271

Provision of reserve for possible credit losses expense
(21 947)

(8 098)

Net interest income
61 634

49 173

Operating income for services and commissions
61 874

49 354

Operating expense for services and commissions
(1 215)

(7 900)

Profit (loss) for foreign currency operations
35 688

22 712

Other income
231

1 892

Net interest-bearing income
96 578

66 058

Total operating income
158 212

115 231

Administration expense
(90 616)

(59 124)

Other reserves
128

-

Total operating expense
(90 488)

(59 124)

Profit (loss) before profit tax
67 724

56 107

Profit tax
(7 435)

(5 963)

Net profit (loss)
60 289

50 144

Profit per share (Som)
20,30

22,18

Report of Finacial condition of Balance Sheet

on 31/12/2008 (including)
(taking into account final transactions)

Institution: JSC "Bank-Bakai"
Unit: thousand soms

Name of article	31.12.2008	31.12.2007
ASSETS
Cash	438 697	350 388
Correspondenct account in NBKR	512 435	-
Net credits	484 390	351 392
Debt securities retained before the expiry	43 049	39
Operations on REPO agreements	-	240
Investments and financial participation	20	20
Other net assets	27 574	85 070
Net tangible assets & intangible assets	67 160	52 851
Total assets	1 573 325	840 000
LIABILITIES
Customer's accounts	1 332 169	599 155
Other liabilities	19 380	64 389
Reserve for contingent liabilities	152	320
Interests payable	1 334	992
Total liabilities	1 353 036	664 856
CAPITAL
Common stocks	160 000	125 000
Retained earnings	60 289	50 144
Total capital	220 289	175 144
Total liabilities and capital	1 573 325	840 000