Results of Bank TuranAlem OJSC (Kazakhstan) in the first quarter 2001

/KASE, May 14, 01/ - According to the listing requirements, Bank TuranAlem OJSC (Almaty, official list of securities, category "A) provided Kazakhstan Stock Exchange (KASE) with its consolidated financial statements for the first quarter 2001: balance sheet, income and cash flows statements. Following are the results of the company in first quarter 2001 by the data of the issuer (in th. KZT): As of As of Change, Ratio Apr.1 '00 Apr.1 '01 % ------------------------------ ---------- ----------- ------- Authorized paid-up capital 10,013,750 12,870,230 +28.5 Shareholders' equity 6,289,621 11,569,735 +83.9 Total assets 51,071,014 100,157,983 +96.1 Liquid assets 12,310,973 23,750,977 +92.9 Loans and deposits 38,584,742 82,251,521 +113.2 Loand granted (net) 31,854,388 68,450,324 +114.9 Income from operating activity 3,527,259 5,187,054 +47.1 General expenses 3,121,710 4,509,716 +44.5 Net income (loss) 405,549 677,338 +67.0 Book value of a share, KZT 6,280.98 8,989.53 +43.1 ---------------------------------------------------------------- Compared to similar period of 2000, the company registered growth of (all figures are given in tenge): - shareholders' equity by 5.3 bln (as a result of floatation of fifth emission shares - 2.9 bln; decline of losses of previous periods - 1.5 bln, exceess of current revenues over expenses 677.3 mln, increase of revaluation reserves - 194.6 mln and additional capital - 1.6 mln;); - assets by 49.1 bln (including: loan portfolio - 36.6 bln); - liabilities by 43.8 bln (including growth of deposits - 31.6 bln); - operational income - 1.6 bln; - expenses - 1.3 mln. As a result, net income of Bank TuranAlem OJSC for the reported period totaled 677.3 mln, that is 271.8 mln or 67.0% higher than in first quarter 2000. The official list of KASE, category "A" includes following securities of the company: - Sep.09, 1999 - common registered shares (KZ1C34920412, trade code BTAS). - Feb.19, 2001 - coupon subordinated bonds (KZ2CUY08A320, trade code BTASb1; $100; $20 mln; Feb.19, 01-Feb.19, 09, semiannual coupon - 12% APR, current market yield - 11.50%).