Results of activity of Nurbank OJSC (Kazakhstan) for the I quarter of 2003

/KASE, June 9, 03/ - Nurbank OJSC (Almaty), whose bonds are circulating in Kazakhstan stock exchange's official "A" listing category, provided KASE with the financial statement for the I quarter of 2003. The following indicators are results of the bank's financial and economic activity for the I quarter of 2003, based upon the bank's information (in th. KZT): ------------------------------------------------------------- As of As of Indicator Apr 1, 02 Apr 1, 03 Change,% --------------------------- ---------- ---------- -------- Authorized capital (paid) 2,711,378 3,000,000 +10.6 Shareholders' equity 5,036,700 5,979,913 +18.7 Total assets 24,640,004 46,951,613 +90.6 Liquid assets 11,058,185 26,222,493 +137.1 Credits granted (net) 11,059,791 18,048,135 +63.2 Total liabilities 19,603,304 40,971,700 +109.0 Deposits placed in the bank 16,908,885 32,410,741 +91.7 Attracted credits 1,952,207 4,181,012 +114.2 Issued bonds - 1,489,654 - Total revenues 1,190,444 1,977,911 +66.1 General expenses 842,117 1,698,193 +101.7 Net income for the period 348,327 279,718 -19.7 ------------------------------------------------------------- Relative to similar period of 2001 there is increase of: - shareholders' equity of the bank (according to balance) - by KZT943.2 m as the result of increase of paid part of authorized capital by 288.6 m, savings in funds and reserves - by KZT1.0 bn, whereas there took place decrease of the sum of undistributed income by 371.2 m; - assets - by KZT22.3 bn, including: net-volume of loan portfolio by 7.0 bn and sums on correspondent accounts - by 12.9 bn, securities in the bank's portfolio - by 2.0 bn, and other assets - by 400.6 m; - liabilities - by KZT21.3 bn (2.1 times) that was caused by increase of the volume of deposit placed in the bank by 15.5 bn, attracted loans - by 2.2 bn (2.1 times), other liabilities - by 2.1 bn, and floatation of bonds by 1.5 bn; - revenues - by KZT787.5 m; - expenses - by KZT856.1 m (2 times), of them 659.5 m - increase of assignments on reserves (provisions) on possible losses. Net income, which Nurbank OJSC received for the I quarter of 2003, decreased in comparison with similar period of 2002 by KZT68.6 m. [2003-06-09]