Kazkommertsbank JSC (Kazakhstan) announced the financial results of its activities for Q1 of year 2007

31.05.07 20:13
/KASE, May 31, 07/ - Kazkomemrtsbank JSC (Almaty), being the listing company, had spread the press-release dedicated to results of its economy- financial activities for first quarter of year 2007. Quotation begin Almaty, Kazakhstan - May 31, 2007 - Kazkommertsbank JSC, the leading bank of Kazakhstan, today had announced about results of financial activities for three months, finished on March 31, 2007. Main indicators: - Net income increased by 61.6% from 7.741 ,/ in the first quarter of year 2006 to KZT12.507 m. for the first quarter of year 2007 - Net income before tax increased by 62.4% from KZT10.729 m. to KZT17.421 m.. - Net interest income increased by на 60.6% from KZT11.018 m to KZT17.692 m. - Net commission income increased by 59.9% from KZT2.893 m to KZT4.626 m. - Operative income increased by 68.9% from KZT15.004 m. to KZT25.336 m. - Income per share increased by 6.7% from KZT19.56 to KZT20.87. - General assets increased by 4.5% from KZT2.444 bn. as of December 31, 2006 to KZT2.555 bn. as of March 31, 2007. - Capital increased by 4.4% from KZT249 bn. to KZT260 bn. - Loans to clients minus provisions for loss from depreciation of cost increased by 9.4% from KZT1.679 bn. to KZT1.836 bn.. - Remains on clients' accounts increased by 6.7% from KZT688 bn. to KZT734 bn. - Volume of issued debt securities increased by 52.4% from KZT424 bn. to KZT646 bn.. Contact person in case of questions appearing: Maral Amrina Head of investors relation department Tel: + 7 (327) 258 5125 Fax: + 7 (327) 258 5242 E-mail: investor_relations@kkb.kz Kazkommertsbank JSC, 135-j Gagarin street, Almaty, Republic of Kazakhstan, 050060 Conference call for discussion of financial results: Management of Kazkomemrtsbank JSC offers the discussion of financial results for first quarter of year 2007 during the call, which will be conducted on May 31, 2007 at 18:00 ALT (13:00 London, 08:00 EDT). Number for connection: +44 (0)20 8609 0289 (for Europe) +1 866 676 5865 (for USA) Pin code: 174628# Financial results for first quarter of year 2007 are also published as separate document, and are available at next addresses in Internet: http://en.kkb.kz/report/reports.shtml Text is also available on site of Kazkommertsbank in Internet: http://en.kkb.kz/Releases/index.shtml Quotation end Full version of press-release of Kazkommertsbank JSC with notes is available on the web site of KASE at http://www.kase.kz/emitters/scan/kkgb/kkgb_reliz_310507.pdf [2007-05-31]