Results of AMB OJSC (Kazakhstan) in I half of 2001

07.09.01 00:00
/KASE, Sept 7, 01/ - Almaty Merchant Bank OJSC (AMB OJSC, Almaty) provided the KASE with its financial statements for the I half of 2001: balance sheet and income statement. By the data of the issuer following are the results of the company in the I half of 2001 (in th. KZT): ----------------------------------------------------------- As of As of Change, Ratio July 1 '00 July 1 '01 % -------------------------- ------------ ----------- ------- Authorized capital (paid) 856,350 1,611,100 +88.1 Shareholders' equity 1,638,609 2,333,092 +42.4 Total assets 16,295,147 24,546,105 +50.6 Liquid assets 8,150,787 8,498,557 +4.3 Loans granted (net) 6,580,958 13,316,890 +102.4 Liabilities, total 14,656,538 22,213,013 +51.6 Loans and deposits 12,895,481 18,735,182 +45.3 Issued bonds - 678,149 - Operating income 1,550,036 2,273,369 +46.7 General expenses 1,403,561 1,923,762 +37.1 Net income 146,475 349,607 +138.7 Book value of a share, KZT 1,052,414.26 1,448.14 -99.9 ----------------------------------------------------------- Compared to I half of 2000 growth took place in: - shareholders' equity of the bank - by KZT694.5m as a result fo a floatation of the 6th issue of shares for KZT754.7m, increase in the funds and reserves - by KZT104.4m and decrease in final amount of undistributed income by KZT164.6m; - assets - by KZT8.3bn (growth of loan portfolio equaled KZT6.7bn); - liabilities - by KZT7.6bn (growth of call deposits by KZT4.6bn, time deposits decreased by KZT140.8m); - operating income - by KZT723.3m; - expenses - by KZT520.2m. Net income of AMB OJSC in the I half of 2001 equaled KZT349.6m, or KZT203.1m more than in similar period of last year. Following is the table of dynamics of some of the bank's indicators for 2001 on a quarterly and non-accruing sum basis (in th. KZT): ----------------------------------------------- Indicator I-2001 II-2001 Change, % ---------------- --------- ---------- --------- Deposits 8,039,474 -3,978,099 -149.5 Operating income 1,005,862 1,267,507 +26.0 Net income 161,606 188,001 +16.3 ----------------------------------------------- Following securities of AMB OJSC were entered into official list of KASE securities under category "A": - first issue inscribed coupon bonds (KZ7CKAN3AA16, trade code - ATFBb, Oct 2, 00 - Oct 2, 01, $5m, semiannual coupon at 10.5% APR) from September 26, 2000; - preferred inscribed shares (KZ1P35970618, trade code - ATFBp) from June 11, 2001.