Results of OJSC "Temirbank" (Kazakhstan) in I quarter of 2000

/KASE, May 26, 00, Galina Chudinova, Galina Tsalyuk/ - According to listing requirements, OJSC "Temirbank" (Almaty, official list of securities, category "A") provided KASE with its financial statements for the I quarter of 2000: balance sheet and income statement. Following are the results of the issuer in the I quarter of 2000 (in th. KZT): ------------------------------- --------------- --------------- --------- Ratio As of Apr. 1 '99 As of Apr. 1 '00 Change, % ------------------------------- --------------- --------------- --------- Authorized capital (announced) 1,000,000 1,400,000 +40.0 Authorized capital (paid) 991,047 1,202,247 +21.3 Shareholders' equity 1,351,061 1,749,954 +29.5 Total assets 4,874,743 10,198,424 +109.2 Liquid assets 1,391,097 2,614,566 +87.9 Loans granted 2,378,452 6,355,453 +167.2 Loans and deposits 3,420,867 7,547,502 +120.6 Income from operating activities 353,977 697,214 +97.0 General expenses 402,964 621,363 +54.2 Net income (loss) (48,987) 75,851 +254.8 Book value of a share 1,363.27 1,455.57 +6.8 ------------------------------- --------------- --------------- --------- In comparison with similar period of 1999 during the reporting period growth took place in: - shareholders' equity - by KZT398.89 mln, or 29.5% (authorized paid capital - by KZT211.20 mln, income - by KZT124.84 mln, accumulations in the funds and in the reserves - by KZT62.85 mln); - assets - by KZT5.32 bln, or 109.2%; - liabilities - by KZT4.93 bln, or 140.2%; - deposits attracted - by KZT3.88 bln, or 123.2%; - operating income - by KZT343.24 mln, or 97.0%;- - expenses - by KZT218.40 mln, or 54.2%. As a result of quickly growing income over the expenses, net income, received by OJSC "Temirbank" during the first quarter of the year 2000 equaled KZT75.75 mln against KZT48.99 mln loss incurred during corresponding period of last year.