Results of Komirbank OJSC (Kazakhstan) in the I half of 2000

/KASE, Aug 23, 00/ - According to listing requirements, Komirbank OJSC (Ekibastuz, official list of KASE securities, category "A) provided Kazakhstan Stock Exchange (KASE) with its financial statements for the I half of 2000: balance sheet and income statement. Following are the results of the company in the first half of 2000 by the data of the issuer (in th. KZT): As of As of Change, Ratio July 1 '99 July 1 '00 % --------------------------------------------------------- Authorized capital 1,000,000 1,500,000 +50.0 Shareholders' equity 1,051,492 1,587,229 +51.0 Total assets 1,475,089 4,448,466 +201.6 Liquid assets 121,228 374,287 +208.7 Total liabilities 423,597 2,861,237 +575.5 Loans and deposits 410,649 2,480,541 +504.1 Loans granted 1,071,687 3,140,956 +193.1 Operating income 273,002 447,022 +63.7 General expenses 269,609 417,390 +54.8 Net income of the period 3,393 29,632 +773.3 --------------------------------------------------------- Compared to the first six months of 1999 growth took place in: - shareholders' equity increased by KZT535.7 mln, or 51.0% (increase in authorized capital as a result of a merger with Latur Alliance Bank OJSC by KZT500.0 mln, resulting amount of undistributed income - by KZT53.7 mln with the decrease in accumulations in the funds by KZT18.0 mln); - assets grew by KZT2,973.4 mln, or 201.6%; - liabilities grew by KZT2,437.6 mln, or 575.5%; - deposits attracted grew by KZT2,023.1 mln, or 554.6%; - operating income grew by KZT174.0 mln, or 63.7%; - expenses grew by KZT147.8 mln, or 54.8%. As a result, net income of Komirbank OJSC in the I half of 2000 totaled KZT29.6 mln, which is by KZT26.2 mln or 8.7 times more than in similar period of 1999.