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

/KASE, May 23, 02/ - TEXAKABANK OJSC (Almaty), whose bonds are traded under category "A" of the official listing provided KASE with the financial statement in the first quarter of 2002: the balance sheet, income statement and statement of cash flows. 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): ------------------------------------------------------------------- As of As of Indicator Apr 01, 01 Apr 01, 02 Change,% ------------------------------------ ---------- ---------- -------- Authorized capital (paid) 526,220 641,500 +21.9 Shareholders' equity* 1,073,291 1,131,976 +5.5 Total assets 4,101,807 7,308,887 +78.2 Liquid assets 1,140,365 1,520,723 +33.4 Credits offered (net) 2,068,541 4,730,711 +128.7 Total liabilities 2,951,843 6,176,911 +109.3 Loans and deposits (including bonds) 2,558,407 5,899,642 +130.6 Total revenues - 1,100,900 - Total expenses 163,693 273,367 +67.0 Net income for the period 135,914 226,107 +66.4 ------------------------------------------------------------------- *- Shareholder's equity of TEXAKABANK OJSC is according to the balance sheet. Shareholder's equity is calculated according to the Rules "On Prudential norms" of National Bank of Kazakhstan as of April 01, 2002 and amounted to KZT1,693,561 th. Relative to the first quarter of 2001 there is increase of: - Shareholders' equity of the bank - by KZT58.7m as the result of the increase of total sum of authorized capital paid part by KZT115.3m and reserve capital - by KZT35.4m having the decrease of KZT92m of final amount of undistributed income; - assets - by KZT3.2bn including: net volume of loan portfolio - by KZT2.7bn, securities in the bank's portfolio - by KZT476.5m, other assets - by KZT68.4m; - liabilities - by KZT3.2bn as a result of increase of the volume deposits placed in the bank by KZT2.2bn, bonds issued - by KZT1.1bn having decrease of sum of other - by KZT116.2m; - total revenue - by KZT109.7m; - expenses - by KZT90.2m. By the activity results for the first quarter of 2002 the net income of TEXAKABANK OJSC is KZT47.3m that is KZT19.5m more relative to the similar period of 2001. [2002-05-23]