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

/KASE, July 18, 00/ - OJSC "Komirbank" (Ekibastuz, official list of securities, category "A") 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 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 Operating income 95,646 183,069 +91.4 Total 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 KZT508.6 mln, or 48.2% (increase in authorized capital as a result of a merger with OJSC "Latur Alliance Bank" by KZT500.0 mln, resulting amount of undistributed income - by KZT38.0 mln, with the decrease in accumulations in the funds by KZT29.4 mln); - assets - by KZT2,945.8 mln, or 227.3%; - liabilities - by KZT2,437.2 mln, or 1,014.3%; - deposits attracted - by KZT1,805.4 mln, or 795.9%; - operating income - by KZT87.4 mln, or 91.4%; - expenses - by KZT84.8 bln, or 90.4%. As a result of an income growing faster than expneses, net income of OJSC "Komirbank" in I quarter of 2000 equaled KZT4.5 mln, or by 2.7 mln or 2.4 times more than in similar period of 1999.