Alliance Bank JSC (Kazakhstan) about increase of its authorized capital by 65% by additional offering of common shares

/KASE, October 4, 05/ - Alliance Bank JSC (Almaty), whose shares and bonds are traded in Kazakhstan stock exchange's (KASE) official "A" listing category, has spread information saying the bank made an additional offering of its 978,844 common shares at KZT10,000.00 per share. Total amount of the offering is KZT9,788,440,000.00. According to the bank its authorized capital at present is KZT24.9 bn. ($186 m.), equity capital after the additional offering approximately - KZT26.9 bn. (около $200 млн). The offering was made within the announced before issue of 2,800,000 shares among the bank's acting shareholders, who proportionally increased their stake in the authorized capital. "The decision on increasing authorized capital of Alliance Bank JSC to KZT28 bn. within 2004-2005 was taken at the general shareholders meeting of the Bank in September of 2004", - bank's press-service says. As of July 1 of 2005 assets of Alliance Bank JSC totaled KZT221.9 bn. ($1.6 bn.), liabilities - KZT205.3 bn. ($1.5 bn.). The bank's profit in the first half of 2005 totaled KZT513.5 m. ($3.8 m.). [2005-10-04]