Results of Komirbank OJSC (Kazakhstan) in 9 months of 2000

/KASE, Dec.6, 00 / - Komirbank OJSC (Ekibastuz), in accordance with the listing requirements, provided the Kazakhstan Stock Exchange (KASE) with its financial statements for 9 months of 2000: balance sheet and income statement. Following are the results of the issuer in 9 months of 2000 (in th. KZT): -------------------------------------------------------- As of As of Change, Indicator Oct.1,99 Oct.1,00 % -------------------------------------------------------- Authorized capital 1,000,000 1,500,000 +50.0 Shareholders' equity 1,043,465 1,597,848 +53.1 Total assets 1,574,454 6,934,182 +340.4 Liquid assets 99,747 1,126,820 +1,029.7 Total liabilities 530,989 5,336,334 +77.6 Loans and deposits 464,399 5,260,043 +1,032.7 Credits granted 1,259,821 5,037,425 +299.9 Operating income 501,960 667,943 +33.1 General expenses 364,388 645,651 +77.2 Net income of the period 137,572 22,292 -83.8 -------------------------------------------------------- Compared to similar period of 1999 growth took place in: - shareholders' equity of the bank - by KZT554.5 mln, or 53.1% (as a result of merger of Latur Alians Bank OJSV - KZT500.0 mln, final amount of undistributed income - KZT9.3 mln, accumulations in the funds and reserves - KZT45.1 mln); - assets - by KZT5.4 bln, or 4.4% times, of which loan portfolio grew by KZT3.8 bln.; - liabilities - by KZT4.8 bln, or 10 times, of which deposits growth KZT4.5 bln (15 times), issued bonds - KZT387.2 mln; - operating income - by KZT166.0 mln, or 33.1% as a result of increase in credit operations; - expenses - by KZT281.3 mln, or 77.2% as a result of increase in deposit payments and bonds servicing. Net income of Komirbank OJSC received in 9 months of the year 2000 equaled KZT22.3 mln, that is KZT115.3 mln or 6.2 times less than for corresponding period of 1999. Following is the table that shows the dynamics of some indicators during the year 2000 on a quarterly non-accruing sum basis and (in mln KZT): Change, Change, Indicator I-2000 II-2000 % III-2000 % ------------------------------------------------------------- Client deposits 641.8 355.6 -44.6 2 442.2 +586.7 Operating income 183.1 264.0 +44.2 220.9 -16.3 Net income 4.5 25.1 +451.4 -7.3 -129.3 ------------------------------------------------------------- On January 25, 2000 ordinary coupon bonds (KZ2CCAEQCA00, trade code - KOMBb) of Komirbank OJSC were admitted into official list of the KASE securities under category "A". Redemption date - Dec 28, 2000. Bonds are redeemed simultaneously with repayment of second coupon.