/IRBIS, November 3, 03/ - Tsesnabank OJSC (Almaty), whose shares have been included into Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with financial statements for the 9 months of 2003.

The following indicators are results of the bank's financial and economic activity for the 9 months of 2003, based upon the bank's information (in th. KZT, unless otherwise specified):

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                                  As of      As of
Indicator                     Oct 1, 02  Oct 1, 03 Change,%
----------------------------- --------- ---------- --------
Authorized capital (paid)       531.067    531.067      0.0
Shareholders' equity          1,006,971  1,287,845    +27.9
Total assets                  8,870,321 12,030,093    +35.6
Liquid assets                 2,732,044  3,675,541    +34.5
Credits granted (net)         5,661,337  7,644,943    +35.0
Total liabilities             7,863,350 10,742,248    +36.6
Deposits placed with the bank 6,959,396  8,705,113    +25.1
Borrowed loans                  702,293  1,861,644   +165.1
Total revenues                1,071,084  1,321,364    +23.4
General expenses                866,936  1,131,055    +30.5
Net income for the period       204,148    190,309     -6.8
Book value of one share, KZT   1,896.13   2,425.01    +27.9
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Bank's shareholders equity, which is calculated in compliance with the Rules "About prudential norms" of the National Bank of Kazakhstan, as of October 1 of 2003 was KZT1,675,567 th.

Relative to corresponding period of 2002 there is increase of:

• shareholders' equity of the bank (according to balance sheet) - by KZT280.9 m. as the result of increase of total sum of undistributed income by the same sum;
• assets - by KZT3.2 bn., including: net-volume of loan portfolio - by 2.0 bn., securities in the bank's portfolio - by 1.6 bn., whereas there took place decrease of other assets by 410.9 m.;
• liabilities - by KZT2.9 bn. of them: deposits, which were placed with the bank, - by 1.7 bn. and borrowed loans - by 1.2 bn. that was partially compensated by decrease of other liabilities by 26.2 m.;
• total revenues - by KZT250.3 m.;
• expenses - by KZT264.1 m.

Net income earned by Tsesnabank OJSC in the 9 months of 2003, decreased in comparison with a corresponding period of 2002 by KZT13.8 m.

[2003-11-03]