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

12.11.02 00:00
/KASE, November 12, 02/ - DB Alfa-Bank 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 issuer's information (in th. KZT): ------------------------------------------------------------------ As of As of Indicator July 1, 01 July 1, 02 Change,% -------------------------------- ---------- ---------- -------- Issued authorized capital (paid) 339,681 1,000,000 +194.4 Shareholders' equity 699,251 1,746,838 +149.8 Total assets 4,507,465 7,110,547 +57.8 Liquid assets 1,454,117 1,339,846 -7.9 Credits granted (net) 2,864,581 5,484,342 +91.5 Total liabilities 3,808,214 5,363,709 +40.8 Loans and deposits 4,566,777 5,244,226 +14.8 Issued bonds 0 844,500 - Total revenues 520,707 757,583 +45.5 General expenses 488,498 482,364 -1.3 Net income for the period 32,209 275,219 +754.5 ------------------------------------------------------------------ Relative to similar period of 2001 there is increase of: - shareholders' equity of the bank - by KZT1.0 bn as the result of increase of paid part of authorized capital by KZT660.3 m, total sum of undistributed income - by KZT242.9 m, reserve capital - by 99.0 m and reserves of revaluation - by 45.3 m; - assets - by KZT2.6 bn, that was caused by increase of net-volume of loan portfolio by the same sum; - liabilities - by KZT1.6 bn,of them: attracted deposits - by 523.2 m, subordinate loans - by 154.3 m, floatation of the bank's bonds in the amount of 844.5m and increase of other liabilities by 36.1 m; - revenues - by KZT236.9 m. The bank's expenses decreased by KZT1.3 m relative to the first half year of 2001. Net income received by DB Alfa-Bank OJSC by the results of the first half year of 2002 equaled to KZT275.2 m, that is more by KZT243.0 m or 7.5 times than for similar period of 2001. [2002-11-12]