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

/KASE, July 23, 02/ - Bank CenterCredit 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 2,063,339 3,063,339 +48.5 Authorized capital (paid) 1,667,531 2,493,269 +49.5 Shareholders' equity 2,238,090 3,267,243 +46.0 Total assets 20,850,320 33,673,282 +61.5 Current assets 5,593,803 8,877,538 +58.7 Credits offered (net) 12,901,536 21,128,535 +63.8 Total liabilities, 18,612,230 30,405,039 +63.4 Loans and deposits (including bonds) 17,893,180 27,558,573 +54.0 Total revenues 1,102,558 1,582,830 +43.6 Total expenses 1,069,705 1,531,103 +43.1 Net income for the period 32,853 51,727 +57.4 Book value of one share, tenge 268.43 262.09 -2.4 ------------------------------------------------------------------- Relative to corresponding period of 2001 there is increase of: - Shareholders' equity of the bank - by KZT1.0bn as a result of the increase of total sum of authorized capital paid part - by KZT825.7m, accumulations in funds and reserves - by KZT95.0m and total sum of undistributed income - by KZT108.5m; - assets - by KZT12.8bn including: net volume of loan portfolio - by KZT8.2bn, securities in the bank's portfolio - by KZT1.8bn, sums on correspondent accounts - by KZT1.1bn, other assets - by KZT1.7bn; - liabilities - by KZT11.8bn including deposits - by ZT8.1bn, attracted credits - by KZT2.4bn, other liabilities (including repo operations and floated bonds) - by KZT1.3bn; - total revenues - by KZT480.3m; - expenses - by KZT461.4m. By the activity results for the first quarter of 2002 the net income of Bank CenterCredit OJSC increased by KZT18.9m relative to the same period of 2001. [2002-07-23]