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

/KASE, July 18, 01/ - BANK CASPIAN OJSC (Almaty), whose securities are circulating under "A" category official securities list provided the KASE with its financial statements for the second quarter of 2002 (balance sheet and income statement). By the data of the bank following are the results of financial and economic activity for the second quarter of 2002 (in th. KZT, unless otherwise specified): ------------------------------------------------------------------------- As of As of Change, Ratio Jul 01 '01 Jul 01 '02 % ---------------------------------------- ---------- ---------- ------- Authorized capital (registered) 1,000,020 1,470,000 +47.0 Authorized capital paid (less withdrawn) 993,223 1,031,147 +3.8 Shareholders' equity 1,610,953 1,942,736 +20.6 Total assets 12,917,851 23,295,647 +80.3 Current assets 4,215,473 6,541,630 +55.2 Credits granted (net) 7,237,171 15,352,730 +112.1 Liabilities, total 11,306,898 21,352,911 +88.8 Loans and deposits (including bonds) 10,638,409 20,762,749 +95.2 Bonds outstanding - 2,023,860 - Total revenues 1,093,258 1,477,733 +35.2 Total expenses 982,531 1,317,117 +34.1 Net income for the period 110,727 160,616 +45.1 Book value of 1 share, KZT 340.61 395.65 +16.2 ------------------------------------------------------------------------- Compared to the year 2000 growth took place in: - stockholders' equity of the bank - by KZT331.8m as a result of increase of paid part of authorized capital - by KZT37.9m, additional capital - by KZT198.2m, reserve capital - by KZT70.5m and total sum of undistributed income - by KZT48.7m at the decrease of accumulations in reserves and funds by KZT23.5m; - assets - by KZT10.4bn of which: net volume of loan portfolio - by KZT8.1bn, correspondent accounts - by KZT1.6bn, securities in the bank's portfolio - by KZT701.8m; - liabilities - by KZT10.0bn which can be explained by bonds floatation totaling KZT2.0bn,growth of offered bank's deposits - by KZT7.4bn and repo operations - byKZT1.7bn having a reduction of loans made from other banks KZT1bn; - revenues - by KZT384.5m; - expenses - by KZT334.6m. Net income of BANK CASPIAN OJSC, received as a result of the second quarter of 2002, totaled KZT160.6m, which is KZT49.9m or 45.1% greater than for the similar period of 2001 [2002-07-18]