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

/KASE, September 19, 02/ - Bank CenterCredit OJSC (Almaty), whose securities are circulating under the stock exchange's official "A" listing category, provided KASE with the financial statement in the second quarter of 2002: the balance sheet and income statement. The following indicators are results of the issuer's financial and economic activity in the first quarter of 2002, based upon issuer's information (in th. KZT, unless otherwise specified): ------------------------------------------------------------------------ As of As of Indicator July 01, 01 July 01, 02 Change,% ------------------------------------ ----------- ----------- -------- Authorized capital (paid) 2,056,255 2,536,189 +23.3 Shareholders' equity 2,468,833 3,293,414 +33.4 Book value of assets 24,731,862 41,759,406 +68.8 Liquid assets 7,046,409 10,522,681 +49.3 Credits granted (net) 14,684,084 27,264,000 +85.7 Loans and deposits (including bonds) 21,723,091 37,587,621 +73.0 Issued shares 659,115 1,771,782 +168.8 Total liabilities 22,263,029 38,465,992 +72.8 General expenses 2,302,722 3,264,501 +41.8 Net income for the period 2,176,582 3,110,799 +42.9 Book value of one share, tenge 126,140 153,702 +21.9 ------------------------------------------------------------------------ Relative to similar period of quarter of 2001 there is increase of: - Shareholders' equity of the bank - by KZT824.6m as the result of increase of the paid part of authorized capital by KZT479.9m (full floatation of common shares of the second issue and partial - of the third issue), increase of total amount of net income (of previous years and of reporting period) - KZT344.1m, accumulations in funds and reserves of the bank - by KZT0.6m; - assets - by KZT17.0m, including: net-volume of loan portfolio - by KZT12.6bn, sums on correspondent accounts - by KZT2.5bn (2 times), securities in the bank's portfolio - by KZT1.5bn, other assets - by KZT501.4m; - liabilities - by KZT16.2bn, of them: deposits - by KZT10.7bn, attracted credits - by KZT3.1bn (2.9 times), offered bonds - by KZT1.1bn (2.7 times), on repo transactions - by 979.4m (2.8 times), other liabilities - by 338.4m; - Revenues - KZT961.8m (on loan operations - by 830.3m); - Expenses - by KZT934.2m (including: on clients' deposits - by 247.6m, on provisions - by 449.0m). Net income of Bank CenterCredit OJSC, received for the second quarter of 2002, exceeded net income for similar period of 2001 by KZT27.6m. [2002-09-19]