Results of activity of DB Alfa-Bank OJSC (Kazakhstan) for 9 months of 2002

/KASE, November 19, 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 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): -------------------------------------------------------------------- As of As of Indicator Oct 1, 01 Oct 1, 02 Change,% ------------------------------------ --------- --------- -------- Issued authorized capital (paid) 339,681 1,000,000 +194.4 Shareholders' equity 721,421 1,927,024 +167.1 Total assets 5,011,658 7,878,050 +57.2 Liquid assets 1,649,953 1,764,645 +7.0 Credits granted (net) 3,125,355 5,684,814 +81.9 Total liabilities 4,290,237 5,951,026 +38.7 Loans and deposits (including bonds) 4,124,821 5,764,072 +39.7 Issued bonds - 844,500 - Total revenues 725,043 1,170,931 +61.5 General expenses 685,728 692,545 +1.0 Net income for the period 39,315 478,386 +1,116.8 -------------------------------------------------------------------- Relative to similar period of 2001 there increase of: - shareholders' equity of the bank - by KZT1.2 bn as the result of increase of the paid part of authorized capital for KZT660.3 m, total sum of undistributed income - by KZT438.9 m and savings in funds and reserves - by KZT106.4 m; - assets - by KZT2.9 bn, that was caused by increase of net-volume of loan portfolio by 2.6 bn and other assets - by 160.2 m; - liabilities - by KZT1.7 bn, of them: attracted credits - by 638.4 m, floated bonds - by 844.5 m and other liabilities - by 177.9 m; - revenues - by KZT445.9 m; - expenses - by KZT6.8 m. Net income, which was received by DB Alfa-Bank OJSC by the results of activity for 9 months of 2002, equaled to KZT478.4 m that is more by KZT439.1 m or 12.2 times than for similar period of 2001. The table below shows dynamics of some indicators of DB Alfa-Bank 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 -510,744 658,054 +228.8 514,746 -21.8 Total revenues 324,358 433,225 +33.6 413,348 -4.6 Net income 137,722 137,497 -0.2 203,167 +47.8 ----------------------------------------------------------------- [2002-11-19]