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

/KASE, Sept 26, 01/ - Bank TuranAlem 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, unless otherwise stated): ---------------------------------------------------------------------- As of As of Change, Ratio July 1 '00 July 1 '01 % ------------------------------------ ---------- ----------- ------- Authorized capital (paid) 10,626,710 12,870,230 +21.1 Shareholders' equity 7,351,959 12,571,568 +71.0 Total assets 56,936,662 110,491,124 +94.1 Liquid assets 15,324,634 24,608,755 +60.6 Loans granted (net) 35,361,495 75,750,932 +114.2 Liabilities, total 49,584,743 97,919,556 +97.5 Loans and deposits (including bonds) 44,960,596 89,897,964 +99.9 Operating income 6,646,483 10,591,783 +59.4 General expenses 5,791,984 8,938,234 +54.3 Net income of the period 854,499 1,653,549 +93.5 Book value of a share, KZT 6,918.38 9,767.94 +41.2 ---------------------------------------------------------------------- Compared to I half of 2000 growth took place in: - shareholders' equity of the bank - by KZT5.2 bn, including: floatation of fifth issue of shares - by KZT2.2 bn, undistributed income - by KZT3.0 bn and additional capital - by KZT1.6 bn; - assets - by KZT53.6 bn, of which, loan portfolio increased by KZT40.4 bn, amounts in correspondent accounts - by KZT4.2 bn; - liabilities - by KZT48.8 bn, including, KZT24.8 bn of deposits, credit attracted by KZT16.1 bn, and bond liabilities by KZT4.0 bn; - operating income - by KZT3.9 bn; - expenses - by KZT3.1 bn. Net income of Bank TuranAlem OJSC in I half of 2001 equaled KZT1.7 bn, which is KZT799.1m more than in similar period of last year. Now, official list of the Exchange of category "A" contains following securities of the bank: - from September 9, 1999 - common inscribed shares (KZ1C34920412, trade code - BTAS); - from February 19, 2001 - first issue subordinated coupon bonds (KZ2CUY08A320, trade code - BTASb1; $100; $20m; Feb 19.01 - Feb 19.09, semiannual coupon at 12% APR, current market return - 11.50% APR); - from July 19, 2001 - euronotes (XS0131688227, trade code - BTASe1; $100m; June 28.01 - June 28.04; semiannual coupon at 11.5% APR), issued by its subsidiary TuranAlem B.V. (Rotterdam, Netherlands) under 100% guarantee of the bank.