Results Temirbank of Kazakhstan OJSC (Kazakhstan) in first quarter of 2001

/KASE, May 17, 01/ - Temirbank OJSC (Almaty) 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 registered capital 1,000,000 1,400,000 +40.0 Authorized paid-up capital 991,047 1,374,418 +38.7 Shareholders' equity 1,749,954 1,982,041 +13.3 Total assets 10,198,424 14,673,655 +43.9 Liquid assets 2,614,566 4,033,394 +54.3 Loans and deposits 7,547,502 12,009,799 +59.1 Loans granted (net) 6,355,453 9,813,305 +54.4 Income from operating activities 697,214 902,671 +29.5 General expenses 621,363 768,308 +23.6 Net income of the period 75,851 134,363 +77.1 Book value of a share, KZT 1,765.76 1,442.09 -18.3 ----------------------------------------------------------------- Compared to similar period of 2000 the company registered growth of (all figures are given in tenge unless otherwise indicated): - shareholders' equity of the bank increased by 232.1 mln (paid-up part of the capital 172.2 mln, final amount of undistributed profit - 58.5 mln, additional capital - by 20.0 mln, and decline of accumulation in reserves fund - by 18.6 mln); - assets of the bank - 4.5 bln (including: loan portfolio - by 3.5 bln); - liabilities increased - 4.2 bln, or 50.2%, (deposits - 3.1 bln); - operational income increased - 205.5 mln; - expenses - 146.9 mln. Net income of Temirbank OJSC for the reported period increased by 58.5 mln or 77.1%. Following securities of Temirbank OJSC were admitted into the official list of the KASE under category "A": - on Oct. 08, 1998 - common registered (KZ1C00260413, trade code - TEBN) and preferred registered (KZ1P00260418, trade code - TEBNp) shares; - on Aug.07, 2000 - first issue registered coupon bonds (KZ75KAMJ8A57, trade code - TEBNb).