Results of Bank TuranAlem OJSC (Kazakhstan) for six months of 2000

/KASE, Sep 07, 00 / - Bank TuranAlem OJSC (Almaty, official list of securities, category "A") in accordance with the listing requirements provided Kazakhstan Stock Exchange (KASE) with its financial statements for six months of 2000: balance sheet and income statement. Following are the results of the issuer for six months of 2000 (in th. KZT): --------------------------------------------------------------- As of As of Change, Indicator July 1,99 July1,00 % --------------------------------------------------------------- Authorised capital (announced) 8,870,230 12,870,230 +45.1 Authorised capital (paid up) 8,870,230 10,626,710 +19.8 Shareholders' equity 4,864,510 7,351,959 +51.1 Total assets 31,336,646 56,936,662 +81.7 Liquid assets 9,091,707 15,324,634 +68.6 Loans and deposits 24,559,407 44,960,596 +83.1 Loans granted (net) 16,706,451 35,361,495 +111.7 Operating income` 2,904,691 6,646,483 +128.8 General expenses 2,403,712 5,791,984 +141.0 Net income of the period 500,979 854,499 +70.6 Book value of one share, tenge 5,484.09 6,918.38 +26.2 --------------------------------------------------------------- Compared to similar period of 1999 growth was registered in: - shareholders' equity by KZT2.5 bln, or 51.1% (as a result of shares issue of 5th emission - KZT1.8 bln, decrease in losses for previous years - KZT704.5 mln, increase in additional capital - KZT 26.5 mln); - assets by KZT25.6 bln, or 81.7%; - liabilities by KZT23.1 bln, or 87.3% (KZT14.3 bln - growth in deposits); - operating income by KZT3.7 bln, or 128.8% - expenses by KZT3.4 bln, or 141.0%. By the results for six months of 2000 net income Bank TuranAlem OJSC increased by KZT70.6 mln, or 70.6% in comparison with the similar period of last year and has made KZT854.5 mln.