Results of Bank CenterCredit OJSC (Kazakhstan) in I half of 2001

/KASE, Sept 13, 01/ - Bank CenterCredit 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 (declared) 2,063,339 2,063,339 0 Authorized capital (paid) 1,279,518 2,056,255 +60.7 Shareholders' equity 1,634,130 2,468,833 +51.1 Total assets 15,569,835 24,731,862 +58.8 Liquid assets 4,295,199 7,043,961 +64.0 Loans granted (net) 10,162,451 14,684,084 +44.5 Liabilities, total 13,935,705 22,263,029 +59.8 Loans and deposits (including issued bonds) 13,319,145 20,232,351 +51.9 Operating income 2,389,277 2,302,722 -3.6 General expense 2,291,744 2,176,582 -5.0 Net income 97,533 126,140 +29.3 Book value of one share, KZT 255.43 240.13 -6.0 ------------------------------------------------------------------------- Compared to I half of 2000 growth took place in: - shareholders' equity of the bank increased - by KZT834.7m as a result of increase of paid authorized capital - by KZT776.7m, accumulation in funds and reserves - by KZT84.2m under decrease in final amount of undistributed income by KZT26.2m; - assets increased - by KZT9.2bn (growth of loan portfolio equaled KZT4.5bn or 49.4% of assets' growth); - liabilities increased - by KZT8.3bn (growth of deposits by KZT6.7bn or 80.7% of liabilities' increase); - operating income decreased - by KZT86.6m; - expenses decreased - by KZT115.2m. Net income of Bank CenterCredit OJSC in the I half of 2001 equaled KZT126.1m, or KZT28.6m (29.3%) 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 1,901,227 3,440,237 +80.9 Operating income 1,102,558 1,200,164 +8.9 Net income 32,853 93,287 +184.0 ---------------------------------------------- Following securities of Bank CenterCerdit OJSC were entered into official list of KASE securities under category "A": - common inscribed shares (KZ1C36280419, trade code - CCBN) from Aug 13, 1999; - first issue inscribed coupon bonds (KZ75KARGCA53, trade code - CCBNb1; Dec 16, 00 - Dec 17, 05, $4.5m, semiannual coupon 12.0% APR, current yield on the market - 11.50% APR) from Dec 15, 2000;