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

/KASE, September 30, 02/ - KAZKOMMERTSBANK OJSC (Almaty), whose bonds 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 first 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) 2,942,200 3,499,833 +19.0 Shareholders' equity 16,985,346 23,194,876 +36.6 Total assets 158,327,847 213,864,411 +35.1 Liquid assets 37,856,387 35,449,389 -6.4 Credits granted (net) 106,831,370 154,715,953 +44.8 Liabilities 141,342,501 190,669,535 +34.9 Loans and deposits (including bonds) 129,596,660 172,935,026 +33.4 Total revenues 10,184,664 16,235,370 +59.4 General expenses 7,789,850 13,084,749 +68.0 Net income for the period 2,394,814 3,150,621 +31.6 Book value of one share, tenge 59.51 66.27 +11.4 --------------------------------------------------------------------- Relative to similar period of 2001 there is increase of: - Shareholders' equity of the bank - by KZT6.2bn as the result of increase of authorized capital (floatation of privileged shares of the eighth issue) by KZT557.6m, additionally paid capital - by KZT2.6bn, total sum of undistributed income by KZT2.6bn and savings in funds and reserves - by 407.5m; - assets - by KZT55.5bn, that was caused by growth of net-volume of loan portfolio - by KZT47.9bn (1.4 times), securities in the bank's portfolio - by 8.2bn whereas there took place decrease of other assets by 569.9m; - liabilities - by KZT49.3bn, of them: attracted deposits - by KZT42.1bn (1.5 times), indebtedness for other banks and organizations - by 3.8bn, other liabilities - by 6.0bn whereas there took place decrease of the volume of floated bonds by 2.6bn; - Revenues - by KZT6.1bn (on loan operations - by 4.8bn); - Expenses - by KZT5.3m (including for provisions - by 3.1bn). Net income received by KAZKOMMERTSBANK OJSC by the results of the first half year of 2002 increased by KZT755.8m relative to similar period of 2001. [2002-09-30]