Results of Bank TuranAlem OJSC (Kazakhstan) activity for the first half year of 2002

/KASE, September 27, 02/ - Bank TuranAlem OJSC (Almaty), whose securities are circulating under the stock exchange's official "A" listing category, provided KASE with the financial statement for the first half year of 2002: the balance sheet and income statement. The following indicators are results of the bank's financial and economic activity in the six months of 2002, based upon the bank's information (in th. KZT, unless otherwise specified): ------------------------------------------------------------------------ As of As of Indicator July 01, 01 July 01, 02 Change,% ------------------------------------ ----------- ----------- -------- Authorized capital (paid) 12,870,230 17,137,450 +33.2 Shareholders' equity 12,571,568 19,486,667 +55.0 Total assets 110,491,124 178,192,821 +61.3 Liquid assets 24,610,245 57,802,764 +134.9 Credits granted (net) 75,750,932 100,236,686 +32.3 Total liabilities 97,919,556 158,706,154 +62.1 Loans and deposits (including bonds) 90,897,964 153,873,133 +69.3 Issued bonds (including euronotes) 4,022,260 19,462,654 +383.9 Total revenues 10,592,534 17,663,385 +66.8 General expenses 8,938,985 16,004,719 +79.0 Net income for the period 1,653,549 1,658,545 +0.3 Book value of one share, tenge 9,767.94 11,370.81 +16.4 ------------------------------------------------------------------------ Relative to similar period of 2001 there is increase of: - Shareholders' equity of the bank - by KZT6.9bn as the result of increase of paid part of authorized capital by KZT4.3bn (floatation of privileged shares of the sixth issue), total sum of undistributed income - by KZT2.2bn, and re-evaluation reserves - by KZT483.2m; - assets - by KZT67.7bn, of them: net volume of loan portfolio - by KZT24.5bn, securities in the bank's portfolio - by KZT25.8bn, sums on correspondent accounts - by 7.1bn, other assets - by 10.3bn; - liabilities - by KZT60.8bn, that was caused by increase of the volume of deposits placed in the bank - by KZT47.4bn, offered bonds (including euronotes) - by 15.4bn whereas there took place decrease of the volume of other liabilities by 2.1bn; - Total revenues - by KZT7.1bn (including revenues on loan operations by 2.9bn); - Expenses - by KZT7.1bn (including increase of assignments for provisions by 3.7bn). Net income received by Bank TuranAlem OJSC by the results of the first half year of 2002 increased by KZT5.0m relative to similar period of 2001. [2002-09-27]