Results of BANK CASPIAN OJSC (Kazakhstan) activity for the first quarter of 2002

/KASE, May 15, 02/ - BANK CASPIAN OJSC (Almaty), which bonds are traded under category A of the official listing provided KASE with financial report for the first quarter of 2002 (the balance sheet and income statement). The following indicators are results of company's economic activity for three months of 2002, based upon the issuer's data (in th. KZT,): --------------------------------------------------------------------------- As of As of Indicator Apr 1,01 Apr 1,02 Change, % ---------------------------------------- ---------- ---------- --------- Authorized capital (issued) 1,000,020 1,329,510 +32.9 Authorized capital (paid less withdrawn) 995,794 993,224 -0.3 Shareholders' equity 1,559,914 1,644,493 +5.4 Total assets 11,434,959 14,984,366 +31.0 Liquid assets 4,109,551 5,708,754 +38.9 Credits granted (net) 5,971,793 7,837,448 +31.2 Total liabilities 9,875,045 13,339,873 +35.1 Loans and deposits (including bonds) 9,474,885 6,129,754 -35.3 Issued bonds - 1,707,562 - Total revenues 479,672 767,251 +60.0 Total expenses 465,574 694,980 +49.3 Net income for the period 14,098 72,271 +412.6 --------------------------------------------------------------------------- Relative to similar period of the year 2001 there was growth of: - shareholders' equity of the bank - by KZT84.6m as a result of an increase of final amount of undistributed income by KZT77.3m and accumulations in funds and reserves - by KZT11.7m at a withdrawal of authorized capital (buying out of its own shares) by KZT2.5m and decrease of additional capital - by KZT1.9m; - assets - by KZT3.5bn, from which: rise of net volume of loan portfolio - by KZT1.9bn, amounts on correspondent accounts - by KZT1.2bn, securities in the bank's portfolio - by KZT237.8m, other assets - by KZT265.3m; - liabilities - by KZT3.5bn that was conditioned with bonds floatation for the amount of KZT1.7bn and growth of volume of attracted deposits by KZT1.9bn at a decline of other liabilities by KZT114.5m; - revenues - by KZT287.6m; - expenses - by KZT229.4m. Net income of BANK CASPIAN OJSC by results of the first quarter of current year accounts for KZT72.3m, which is KZT58.2m or 5.1 times more than for the corresponding period of last year. [2002-05-15]