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

/KASE, June 2, 00, Galina Chudinova, Galina Tsalyuk/ - According to listing requirements, OJSC "Komirbank" (Ekibastuz, official list of securities, category "A") provided Kazakhstan stock exchange (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 1,000,000 1,500,000 +50.0 Shareholders' equity 1,055,581 1,564,201 +48.2 Total assets 1,295,856 4,241,658 +227.3 Liquid assets 129,923 749,951 +477.2 Total liabilities 240,275 2,677,457 +1 014.3 Loans and deposits 410,649 2,081,908 +407.0 Loans granted 1,028,102 2,833,206 +175.6 Income from operating activities 95,646 183,069 +91.4 General expenses 93,754 178,520 +90.4 Net income of the period 1,892 4,549 +140.4 ----------------------------- -------------- -------------- --------- Compared to similar period of 1999 growth took place in: - shareholders' equity - by KZT508.62 mln, or 48.2% (increase in authorized capital as a result of a merger with OJSC "Latur Alliance Bank" - by KZT500.00 mln, resulting undistributed income - by KZT37.97 mln, with the decrease in accumulations in the funds - by KZT29.35 mln); - assets - by KZT2.95 bln, or 3.3 times; - liabilities - by KZT2.44 bln, or 11 times; - attracted deposits - by KZT1.81 bln, or 9 times; - operating income - by KZT87.42 mln, or 91.4%; - expenses - by KZT84.77 mln, or 90.4%. As a result of income surpassing the expenses, net income received by OJSC "Komirbank" in the I quarter of the year 2000 equaled KZT4.55 mln, that is by KZT2.66 mln, or 2.4 times more than that received during similar period of last year.