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

/KASE, July 11, 00, Galina Chudinova/ - OJSC "NEFTEBANK" (Aktau, official list of securities, category "B") in accordance with the listing requirements 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): Indicator As of Apr.1,99 As of Apr.1,00 Change, % ------------------------ -------------- -------------- --------- Authorized capital (paid) 469,576 544,773 +16.0 Shareholders' equity 828,592 1,009,750 +21.9 Total assets 1,468,060 2,549,316 +73.7 Liquid assets 177,235 478,772 +170.1 Loans and deposits 683,900 1,586,170 +131.9 Loans granted 1,044,091 1,556,135 +49.0 Operating income 108,008 96,612 -10.6 General expenses 121,797 112,976 -7.2 Net income of the period (13,789) (16,364) -18.7 ------------------------ -------------- -------------- --------- Compared to similar period of 1999: - shareholders' equity of the bank grew by KZT181.16 mln, or 21.9% (paid portion of the authorized capital - by KZT75.20 mln, fund for re-evaluation of fixed assets - by KZT162.15 mln, with the decrease in final amount of undistributed income - by KZT56.06 mln and re-evaluation reserve - KZT0.14 mln); - assets rose by KZT1.08 bln, or 73.7%; - liabilities - by KZT900.10 mln, or 140.8% (KZT696.38 mln - growth in deposits); - operating income shrank by KZT11.40 mln, or 10.6%; - expenses - by KZT8.82 mln, or 7.2%. By the results of the I quarter of current year OJSC "Neftebank" received KZT16.36 mln income, which is by KZT2.58 mln more than in similar period of last year.