Results of DB Alfa-Bank OJSC (Kazakhstan) activity for the first quarter of 2002

/KASE, July 24, 02/ - DB Alfa-Bank 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 bank'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) 339,681 1,000,000 +194.4 Shareholders' equity 701,717 1,632,013 +132.6 Total assets 3,844,166 5,481,588 +42.6 Current assets 1,544,980 955,522 -38.2 Loans and deposits 3,033,885 3,738,612 +23.2 Loans offered (net) 2,095,982 4,198,847 +100.3 Total liabilities 3,142,449 3,849,575 +22.5 Total revenues 262,765 324,358 +23.4 Total expenses 258,726 186,636 -27.9 Net income for the period 3,995 137,722 +3,347.4 ----------------------------------------------------------- Relative to corresponding period of 2001 there is a growth in: - Shareholders' equity of the bank - by KZT930.3m as a result of the increase of total sum of authorized capital paid part - by KZT660.3m, total sum of undistributed income - by KZT133.6m, reserve capital - by KZT99m and reserve in re-evaluation by KZT37.3m; - assets - by KZT1.6bn including: net volume of loan portfolio - by KZT2.1bn, securities portfolio - by KZT132.6m and other assets - by KZT115.3m with a decrease of sums in other banks by KZT713.4m; - liabilities - by KZT707.1m due to growth of offered deposits - by KZT550.9m, subordinated loans - by KZT153.8m and other liabilities - by KZT2.4m; - total revenues - by KZT61.6m; Expenses of the period decreased by KZT72.1m relative to the I quarter of 2001 generally due to decrease of reserves on losses settlement by 67.9m By the activity results for the first quarter of 2002 the net income of DB Alfa- Bank OJSC totaled KZT137.7m, which is KZT133.7m or 34.5% greater than for the same period of 2001. [2002-07-24]