Results of OJSC "Bank TuranAlem" (Kazakhstan) in 9 months of 1999

/KASE, Dec.10, 99, Galina Tsalyuk/ - According to KASE listing requirements OJSC "Bank TuranAlem" (Almaty, official list of securities, category "A") provided Kazakhstan Stock Exchange (KASE) with financial reports: balance sheet and income statement. Following are the results of the emitter in nine months of 1999 (in thousand tenge): Indicator As of As of January 1'99 October 1'99 -------------------------------- ------------ ------------ Authorized capital (paid) 8,870,230 8,870,230 Shareholders equity 4,362,594 5,115,976 Total assets 19,003,331 39,156,216 Liquid assets 4,197,064 11,684,477 Loans and deposits 13,946,568 32,680,500 Credits granted 11,405,038 22,076,668 Income from operating activities 5,081,951 4,982,252 Total expenses 3,214,253 4,229,807 Net income (loss) of the period 1,867,698 752,445 -------------------------------- ------------ ------------ Book value of a share equaled 5,767.58 tenge at the end of reporting period against 4.918.24 tenge at the beginning of 1999. No comparisons with 9 months of 1998 are given because of absence of the financial statements of the bank as of that date (according to listing requirements, quarter financial statements are provided by the emitter for the current year only). Dynamics of some indicators of OJSC "Bank TuranAlem" are shown in the next table on quarterly non-accruing basis (in thousand tenge): Indicator I-99 II-99 Change,% III-99 Change,% ---------------- --------- --------- --------- --------- -------- Client deposits 2,063,548 8,860,498 +53.4 4,802,389 -45.8 Operating income 1,284,504 1,572,819 +22.4 2,124,929 +35.1 Net income 259,197 241,782 -6.7 251,466 +4.0 ---------------- --------- --------- --------- --------- -------- Common inscribed bank shares were entered into KASE official list of securities in category "A" by the decision of the Exchange's board on September 8, 99. Trades are held from September 21, 99.