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

/KASE, May 24, 02/ - Temribank OJSC (Almaty), which bonds are traded under category A of the official listing provided KASE with financial reporting for the first quarter of 2002 (the balance sheet and income statement). The following indicators are results of bank's financial and economic activity for three months of 2002, based upon the issuer's data (in th. KZT, unless otherwise specified): -------------------------------------------------------------------------------- As of As of Change, Indicator Apr 1,01 Apr 1,02 % ----------------------------------------------- ---------- ---------- ------- Authorized capital (less purchased back shares) 1,374,418 1,376,777 +0.2 Shareholders' equity 1,982,041 2,287,497 +15.4 Total assets 14,673,655 23,054,652 +57.1 Liquid assets 4,034,017 7,995,974 +98.2 Credits granted (net) 9,813,305 13,829,895 +40.9 Total liabilities 12,691,614 20,767,155 +63.6 Loans and deposits (including bonds) 12,388,972 19,867,643 +60.4 Issued bonds 925,917 1,658,288 +79.1 Total revenues 902,671 874,477 -3.1 Total expenses 768,308 863,217 +12.4 Net income for the period 134,363 11,260 -91.6 Book value of 1 share, KZT 1,442.09 1,661.49 +15.2 -------------------------------------------------------------------------------- Relative to similar period of the year 2001 there were following changes: - shareholders' equity of the bank grew by KZT305.4m as a result of an increase of: accumulations in reserves and funds - by KZT196.3m, final amount of undistributed income by KZT106.4m, paid part of authorized capital - by KZT2.4m and additionally paid capital - by KZT0.3m; - assets grew by KZT8.4bn, from which: rise of net volume of loan portfolio - by KZT4.0bn, amounts on correspondent accounts - by KZT3.0bn, securities in the bank's portfolio - by KZT924.5m, other assets - by KZT480.7m; - liabilities grew by KZT8.1bn including: deposits - by KZT3.1bn, attracted credits - by KZT2.9bn, bonds issued into circulation - by KZT733.0m, other liabilities (including repo transactions) - by KZT1.4bn; - revenues of the bank fell by KZT28.2m; - expenses grew by KZT94.9m. Net income of Temirbank OJSC by results of the first quarter of current year decreased relative to similar period of last year by KZT123.1m or 11.9 times. [2002-05-24]