Results of JSC "TEMIRBANK" activity in the second quarter of 1999

/KASE, Aug. 12.99, Nadir Zhakupov, Galina Tsaluk/ JSC "TEMIRBANK" (Almaty, the official list of securities, category "А") according to listing requests has granted to KASE the financial reporting till July 01, 1999: balance and profits / losses report. The result of its financial-economic activity in the second quarter of 1999 are characterised by the following parameters (thousand tenge): Increase / Parameter 01.04.98 01.04.99 decrease, % ------------------------------- ---------- --------- ----------- Authorised capital, paid 1,000,000 991,047 -0.9 Ownership capital 1,258,217 1,320,060 +4.9 Book value of assets 4,118,715 7,213,072 +75.1 Liquid assets 1,162,937 2,933,853 +152.3 Loans and deposits 2,765,500 5,780,557 +109.0 Credits, given 2,505,926 3,269,541 +30.5 Incomes of operational activity 332,081 992,711 +198.9 General expenses 314,926 984,629 +212.7 Net Income 17,155 8,082 -52.9 ------------------------------- ---------- --------- ----------- The paid authorised capital of TEMIRBANK in comparison with the corresponding period of 1998 has decreased by 8.95 million tenge as a result of the buy-out by the bank of the 8,953 shareholder's shares. In spite of decrease of the share of paid capital, shortening of the valuation reserve by 7.64 million tenge, reduction of income by 45.49 millions tenge, the bank's ownership capital increased by 61.84 million tenge (4.9%). This grow was achieved at expense of the increase of additional paid capital by 4.48 million tenge and retained income - by 255.871 million tenge. The book value of one share increased by 73.77 tenge (5.9% in comparison with previous year) to 1,331.99 tenge, in results of gropw of the ownership capital and reduction of amount of circulated shares. Against the II quarter of 1998 the liquidity assets of the bank increased by 1,770.92 million tenge, as a result of grow of correspondent accounts by 1,460.35 million tenge, increase of cash currency - by 474.91 million tenge, reduction of the volume of shares in the bank's portfolio by 164.34 million tenge. Depreciated cost of the fixed assets increased by 16.00 million tenge, of the other assets - by 748.36 million tenge, of the bank's lending portfolio - by 3,094.36 million tenge (75.1%). The total sum of the bank's obligations in comparison with the analogue period of 1998 has increased by 137.59 million tenge, what was caused by growing of the attracted means by 3,015.54 million tenge (including: grow of deposits - 2,862.82 million tenge, increase of credits received - 152.72 million tenge), and by increase of the other obligations by 16.97 million tenge. The operational incomes of the bank have grown by 137.59 million tenge (76.4%), including: grow of revenue from given credits -113.72 million tenge, from operations with shares - 4.05 million tenge, and from the deposits, placed in the another banks - 19.82 million tenge. The bank's nonoperating revenue has grown by 480.77 million tenge (approximately 5 times), including: 70.63 million tenge - commission earnings, 92.50 million tenge - incomes from financial operations, 317.64 million tenge - other non-percentage incomes. Unexpected and other operational incomes have grown by 42.27 million tenge against corresponding period of the previous year. Thus, the total volume of the bank's operational incomes was by 660.63 million tenge or 3 times more than in the II quarter of 1998. In comparison with the corresponding period of 1998 the sum of general charges of the bank has increased by 669.70 million tenge or 3 times, including: grow of the percentage expenses - 64.44 million tenge, non- percentage expenses - 375.99 million tenge. Except it, the reserve for losses in contingent liability and classified assets formed at the end of period was by 175.33 million tenge more than one in the II quarter of 1998. Unexpected losses has grown by 41.59 million tenge, volume of tax payments has increased by 12.35 million tenge. Bank's net incomes obtained during the period amounted to 8.08 million tenge, what is by 9.07 million tenge less than bank's incomes of the II quarter of previous year.