Results of Bank TuranAlem OJSC (Kazakhstan) activity for the first quarter of 2002

/KASE, May 21, 02/ - Bank TuranAlem OJSC (Almaty), whose securities are traded under category "A" of the official listing provided KASE with the financial statement in the first quarter of 2002: the balance sheet and income statement. The following indicators are results of company's financial and economic activity in the first quarter of 2002, based upon company's information (in th. KZT, if otherwise specified): ------------------------------------------------------------------------ As of As of Indicator Apr 01, 01 Apr 01, 02 Change,% ------------------------------------ ----------- ----------- -------- Authorized capital (paid) 12,870,230 17,137,450 +33.2 Shareholders' equity 11,569,735 18,247,185 +57.7 Total assets 100,157,983 162,944,747 +62.7 Liquid assets 23,752,487 46,041,228 +93.8 Credits offered (net) 68,450,324 105,189,144 +53.7 Total liabilities, 88,588,248 144,697,562 +63.3 Loans and deposits (including bonds) 83,510,182 139,802,551 +67.4 Total revenues 5,187,054 9,235,626 +78.1 Total expenses 4,509,716 8,481,322 +88.1 Net income for the period 677,338 754,304 +11.4 Book value of one share, tenge 8,989.53 10,647.55 +10.4 ------------------------------------------------------------------------ Relative to corresponding period of 2001 there is increase of: - Shareholders' equity of the bank - by KZT6.7bn as the result of the increase of total sum of authorized capital paid part (floatation of privileged shares of the sixth issue) - by KZT4.3bn, total sum of undistributed income - by KZT2.3bn and reserves on revaluation - by KZT148.6m; - assets - by KZT62.8bn including: net volume of loan portfolio - by KZT36.7bn, securities in the bank's portfolio - by KZT18.0bn, sums on correspondent accounts - by KZT4.3bn, other assets - by KZT3.8bn; - liabilities - by KZT56.1bn as a result of increase of the volume deposits placed in the bank by KZT44.3bn, attracted credits - by KZT6.9bn, other liabilities (including repo operations and floated bonds) - by KZT4.9bn; - total revenue - by KZT4.0bn; - expenses - by KZT4.0bn. By the activity results for the first quarter of 2002 the net income of Bank TuranAlem OJSC is KZT754.3m that is KZT77.0m more relative to the same period of 2001. [2002-05-21]