Results of AMB OJSC (Kazakhstan) in nine months of 2001

/KASE, Nov 02, 01/ - Almaty Merchant Bank OJSC (AMB OJSC, Almaty) provided the KASE with its financial statements for nine months of 2001: balance sheet and income statement. By the data of the issuer following are the results of the company in nine months of 2001 (in th. KZT): -------------------------------------------------------- As of As of Change, Ratio Oct 1 '00 Oct 1 '01 % -------------------------- ---------- ---------- ------- Authorized capital (paid) 1,211,100 2,011,100 +66.1 Shareholders' equity 1,911,697 2,921,908 +52.8 Total assets 17,837,532 28,751,414 +61.2 Liquid assets 8,481,822 28,751,414 +239.0 Loans granted (net) 7,103,426 17,171,364 +141.7 Liabilities, total 15,925,835 25,829,506 +62.2 Loans and deposits 12,722,361 21,370,655 +68.0 Issued bonds 2,528,757 3,435,006 +35.8 Operating income 2,109,193 2,927,140 +38.8 General expenses 419,564 507,866 +21.0 Net income 868,163.94 1,452.89 -99.8 Book value of a share, KZT 1,211,100 2,011,100 +66.1 -------------------------------------------------------- Compared to nine months of 2000 growth took place in: - shareholders' equity of the bank - by KZT1.0bn as a result of floatation of the 6th issue of shares for KZT800.0m, increase in the funds and reserves - by KZT91.2m and increase in final amount of undistributed income by KZT88.5m; - assets - by KZT10.9bn including growth of loan portfolio equaled KZT10.1bn (92.2% - from growth of assets), other assets - by KZT845.9m; - liabilities - by KZT9.9bn (growth of deposits by KZT7.2bn, attracted deposits - by KZT1.2bn, issued bonds - by KZT672.6m and other liabilities - by KZT 821.0m); - total income - by KZT906.2m; - expenses - by KZT817.9m. Net income of AMB OJSC in nine months of 2001 equaled KZT507.9m, or KZT88.3m more than in similar period of last year. *- Such significant difference of book value of one stock on mentioned dates is explained by following: - book value of one stock on January 01,00 was calculated on stocks of first five issues, in borders of which 2,202 units were issued, only common stocks with face value 550.0 tenge per each. - book value of one stock on January 01,00 was calculated on stocks of sixth issue (registered on May 22,01 with simultaneous cancellation of previous issues), in borders of which 2,011,100 units of stocks with face value 1,000.0 tenge each were issued, from which:1,611,100 units - common, 400,000units-privileged. 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, % III-2001 Change, % --------------- ---------- ---------- --------- --------- --------- Deposits change 8,039,474 -3,978,099 -149.5 2,568,306 +164.6 Total income 1,005,862 1,267,507 +26.0 1,003,378 -20.8 Net income 161,606 188,001 +16.3 158,259 -15.8 ------------------------------------------------------------------- Now at KASE under category "A" of an official list of KASE privileged inscribed stocks (KZ1P35970618, trade code - ATFBp) of AMB OJSC that were included in trade lists of KASE on June 11, 2001, are traded.