Results of VALUT-TRANZIT BANK OJSC (Kazakhstan) in the first quarter of 2001

/KASE, May 15, 01/ - VALUT-TRANZIT BANK OJSC (Karagandy) provided the Kazakhstan Stock Exchange (KASE) with its financial statements for the first quarter of 2001: balance sheet and income statement. Following are the results of the company in first quarter of 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 1,000,000 1,299,560 +30.0 Shareholders' equity 1,018,903 2,096,024 +105.7 Total assets 2,989,677 6,699,608 +124.1 Liquid assets 135,384 640,973 +373.4 Loans and deposits 1,884,916 4,425,157 +134.8 Loans granted 2,291,038 5,258,200 +129.5 Income from operating activities 125,736 353,379 +181.0 General expenses 120,730 306,260 +153.7 Net income 5,006 47,119 +841.3 Book value of a share, KZT 203.78 419.20 +105.7 --------------------------------------------------------------- Compared to similar period of 2000 growth took place in: - shareholders' equity of the bank - by KZT1,077.1 mln, or 105.7% (as a result of floatation of seventh issue of shares for KZT299.6 mln, increase in additional capital - by KZT611.1 mln, fixed assets re-evaluation fund - by KZT154.1 mln, accumulations in funds and reserves - by KZT12.3 mln); - assets - by KZT3.7 bln, or 2.2 times (loan portfolio increase by KZT3.0 bln); - liabilities - by KZT2.7 bln, or 137.1% (including KZT2.4 bln came from deposits); - operational income - by KZT227.6 mln, or 2.8 times (increase in income from lending activities); - expenses - by KZT185.5 mln, or 2.5 times (due to an increase in personnel expenses of the bank, office, equipment maintenance, and other expenses). Net income of VALUT-TRANZIT BANK OJSC for the reported period totaled KZT47.1 mln, which is KZT42.1 mln, or 9.4 times more than that in first quarter of 2000. Common (KZ1C33291013, trade code - VTBN) and preferred (KZ1P33291018, trade code - VTBNp) shares of VALUT-TRANZIT BANK OJSC were entered into the official list of the KASE securities under category "A" on February 5, 2001. From May 19, 2000 through February 5, 20001 they were in official list of the Exchange under category "B".