/KASE, July 19, 00/ - OJSC "Bank TuranAlem" (Almaty, 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, income and cash flow statements.

Following are the results of the issuer in the I quarter of 2000 (in th. KZT):

As of As of Indicator Apr.1,99 Apr.1,00 Change, %

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Authorized capital (announced)      8,870,230    12,870,230      +45.1
Authorized capital (paid)           8,870,230    10,013,750      +12.9
Shareholders' equity                4,622,727     6,289,621      +36.1
Total assets                       20,731,622    51,071,014     +146.3
Liquid assets                       4,214,226    12,310,973     +192.1
Loans and deposits                 14,727,648    38,584,742     +162.0
Loans granted                      13,127,641    31,854,388     +142.7
Operating income                    1,326,499     3,527,259      165.9
Total expenses                      1,067,302     3,121,710     +192.5
Net income                            259,197       405,549      +56.5
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Compared to similar period of 1999 growth took place in: - shareholders' equity - by KZT1,666.9 mln, or 36.1% (as a result of offering the 5th issue of bank shares - by KZT1,143.5 mln; increase in undistributed income - by KZT496.9 mln; excess of offering price of the shares over their face values - by KZT26.5 mln);
- assets - by KZT30,339.4 mln, or 146.3%;
- liabilities - by KZT28,672.5 mln, or 178.0%;
- operating income - by KZT2,200.8 mln, or 165.9%;
- expenses - by KZT2,054.4 bln, or 192.5%.

Net income of OJSC "Bank TuranAlem" in I quarter of 2000 equaled KZT405.5 mln, or by 146.4 mln or 56.5% more than in similar period of 1999.