Results of VALYUT-TRANSIT BANK OJSC (Kazakhstan) activity for the second quarter of 2002

/KASE, July 31, 02/ - VALYUT-TRANSIT BANK OJSC (Karaganda), which securities are traded under category A of the official listing provided KASE with financial report for the second quarter of 2002 (balance sheet, income statement and cash flows statement). The following indicators are results of the company's economic activity for the second quarter of 2002, based upon the issuer's data (in th. KZT, unless otherwise specified): ------------------------------------------------------------------------------ As of As of Indicator July 1,01 July 1,02 Change, % ------------------------------------------- ---------- ---------- --------- Authorized capital (minus purchased stocks) 1,299,560 1,299,560 0.0 Shareholders' equity 2,264,423 2,744,805 +21.2 Total assets 10,199,888 13,630,703 +33.6 Current assets 1,320,443 4,502,942 +241.0 Loans offered (net) 8,065,371 7,715,018 -4.3 Total liabilities 7,935,465 10,885,898 +37.2 Loans and deposits (including bonds) 8,241,350 10,685,876 +29.7 Revenues 820,147 1,970,537 +140.3 Expenses 675,566 1,811,994 +168.2 Net income for the period 144,581 158,543 +9.7 Book value of 1 share, tenge 348.49 422.42 +21.2 ------------------------------------------------------------------------------ Relative to the second quarter of 2001 the growth occurred in: - shareholders' equity of the bank - by KZT480.4m as a result of an increase of additional capital by KZT143.9m, reserve fund - byKZT322.5m, total sum of undistributed income - by KZT14.0m; - assets - by KZT3.4bn, which was caused by increase of corresponding accounts by KZT3.4bn and other assets - by KZT816.4m with a decrease of securities in the bank's portfolio by 426.4m and net volume of loan portfolio - by 350.4m; - liabilities - by KZT2.9bn due to floatation of issued bonds totaling KZT1.5bn, growth of attracted deposits volume by KZT832.3m and attracted loans - by KZT782.0m with a decrease of other liabilities by 197.9 tenge; - revenues - by KZT1.2bn; - expenses - by KZT1.1bn. Net income of VALYUT-TRANSIT BANK OJSC by results of the second quarter of the current year grew by KZT14.0m relative to the similar period of 2001. [2002-07-31]