Results of Bank TuranAlem OJSC (Kazakhstan) for 9 months of 2001

/KASE, Oct 19, 01/ - Bank TuranAlem OJSC (Almaty) provided the KASE with its financial statements for 9 months of 2001: balance sheet and income statement. By the data of the issuer following are the results of the company for 9 months of 2001 (in th. KZT): -------------------------------------------------------------------------- As of As of Change, Ratio Oct 1 '00 Oct 1 '01 % ---------------------------------------- ---------- ----------- ------- Authorized capital (less treasury stock) 11,245,500 12,870,230 +14.4 Shareholders' equity 8,453,766 12,848,126 +52.0 Total assets 75,554,576 135,969,896 +80.0 Liquid assets 21,797,305 40,243,321 +84.6 Loans granted (net) 46,190,278 86,717,653 +87.7 Liabilities, total 67,100,810 123,121,770 +83.5 Loans and deposits 59,406,774 116,356,969 +95.9 Operating income 10,314,073 16,587,680 +60.8 General expenses 8,976,942 14,652,783 +63.2 Net income of the period 1,337,131 1,934,897 +44.7 Balance value of 1 share, tenge 7,517.47 9,982.83 +32.8 -------------------------------------------------------------------------- Compared to 9 months of 2000 growth took place in: - shareholders' equity of the company - by KZT4.4bn as a result of floatation of second issue shares - by KZT1.6bn, increase of final amount of undistributed income - by KZT2.8bn, accumulations in funds and reserves - by KZT6.8m, additional capital - by KZT1.3m; - assets - by KZT60.4bn, of which: increase in loan portfolio - by KZT40.5bn, securities in the bank's portfolio - by KZT5.0bn, correspondent account - by KZT15.4bn, while other assets decrease - by KZT564.5m; - liabilities - by KZT56.0bn, which is caused by a growth in: deposits - by KZT49.8bn (emergent ones-by KZT42.9bn), credits attracted - by KZT2.9bn, while other liabilities decrease - by KZT929.2m; - operating income - by KZT6.3bn; - expenses - by KZT5.7bn; Net income of the bank for 9 months of 2001 equaled KZT1.9bn, which is KZT597.8m more than in similar period of 2000. Dynamics of some parameters of Bank TuranAlem OJSC for year 2000 quarterly, not accumulating result is given below in the table (in million tenge): --------------------------------------------------------------------------- Показатель I-2000 II-2000 Change, % III-2000 Change, % ------------------ ---------- --------- --------- ---------- --------- Change of deposits 14,570,324 -861,684 -105.9 34,862,005 +4,145.8 Operating income 5,187,054 5,404,729 +4.2 5,995,897 +10.9 Net income 677,338 976,211 +44.1 281,348 -71.2 --------------------------------------------------------------------------- Today in KASE in borders of official list of securities of categories "A" following securities of Bank TuranAlem are traded: - From September 8 of 1999 - common shares (KZ1C34920412, trade code - BTAS); - From February 19 of 2001 - coupon subordinated bonds of first issue (KZ2CUY08A320, trade code - BTASb1; $100; $20m; February 19, 2001 - February 19,2009; semiannual coupon at 12%APR, current yield in the market - 11,50%APR); - From July 19 of 2001 - euronotes (XS0131688227, trade code - BTASe1; $100m; June 28, 2001 - June 28,2004; semiannual coupon at 11,5%APR), issued by subsidiary TuranAlem Finance B.V. (Rotterdam, Netherlands) under 100% guarantee of the bank).