Results of activity of BANK CASPIAN OJSC (Kazakhstan) for 9 months of 2002

/KASE, November 18, 02/ - BANK CASPIAN OJSC (Almaty), whose securities are circulating under the stock exchange's official "A" listing category, provided KASE with the financial statement for 9 months of 2002: the balance sheet and income statement. The following indicators are results of the bank's financial and economic activity for 9 months of 2002, based upon the bank's information (in th. KZT, unless otherwise specified): ------------------------------------------------------------------- As of As of Indicator Oct 1, 01 Oct 1, 02 Change,% ------------------------------------ ---------- ---------- -------- Issued authorized capital 993,223 1,041,554 +4.9 (paid excluding with drawn) Shareholders' equity 1,552,658 2,262,903 +45.7 Total assets 12,962,016 25,145,506 +94.0 Liquid assets 3,447,219 5,749,912 +66.8 Credits granted (net) 8,075,625 17,710,280 +119.3 Total liabilities 11,409,358 22,882,773 +100.6 Loans and deposits (including bonds) 10,572,326 22,255,927 +110.5 Issued bonds - 2,318,250 - Total revenues 1,893,486 2,390,470 +26.2 General expenses 1,637,524 1,959,755 +19.7 Net income for the period 255,962 430,715 +68.3 Book value of one share, KZT 328.28 456.25 +39.0 ------------------------------------------------------------------- Relative to similar period of 2001 there is increase of: - shareholders' equity of the bank - by KZT710.2 m as the result of increase of additional capital - by KZT264.8 m, savings in funds and reserves - by 213.0 m, total sum of undistributed income - by 184.1 m and paid part of authorized capital by KZT48.3 m; - assets - by KZT12.2 bn, including: net-volume of loan portfolio by 9.6 bn, securities in the bank's portfolio - by 1.9 bn, cash - by 329.7 m and other assets - by 346.3 m; - liabilities - by KZT11.5 bn that was caused by growth of the volume of attracted deposits by 8.5 bn, "repo" transactions - by 1.8 bn and bonds floatation for 2.3 bn, whereas there took place decrease of loans, which had been borrowed from other banks and organizations by 1.0 bn; - revenues - by KZT497.0 m; - expenses - by KZT322.2 m. Net income of BANK CASPIAN OJSC, which was received by the results of 9 months of 2002 equaled to KZT430.7 m that is more by 174.8 m than for similar period of 2001. The table below shows dynamics of some indicators of BANK CASPIAN OJSC for 9 months of 2002 by quarters by non-growing result (in th. KZT): ------------------------------------------------------------ Change, Change, Indicator I-2002 II-2002 % III-2002 % ------------------ -------- ------- ------- -------- ------- Change of deposits -1,038.3 5,597.8 +639.1 2,345.9 -58.1 Total revenues 767.3 710.5 -7.4 912.7 +28.5 Net income 72.3 88.3 +22.2 270.1 +205.7 ------------------------------------------------------------ [2002-11-18]