Results of activity of VALUT-TRANZIT BANK OJSC (Kazakhstan) for 9 months of 2002

/KASE, November 19, 02/ - VALUT-TRANZIT BANK OJSC (Karaganda), 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--------- ---------- -------- Issued authorized capital 1,299,560 1,299,560 0.0 (paid excluding withdrawn) Shareholders' equity 2,567,203 2,860,244 +11.4 Total assets 8,248,089 14,952,492 +81.3 Liquid assets 1,016,731 5,221,123 +413.5 Credits granted (net) 6,320,541 8,302,857 +31.4 Total liabilities 5,713,586 12,092,248 +111.6 Loans and deposits (including bonds) 5,174,261 11,838,352 +128.8 Issued bonds - 1,546,000 - Total revenues 1,420,347 2,623,499 +84.7 General expenses 1,109,137 2,364,256 +113.2 Net income for the period 311,210 259,243 -16.7 Book value of one share, KZT 395.09 440.19 +11.4 --------------------------------------------------------------------- Relative to similar period of 2001 there is increase of: - shareholders' equity of the bank - by KZT293.0 m as the result of increase of reserve fund - by KZT322.5 m, additional capital - by 22.5 m, whereas there took place decrease of total sum of undistributed income - by 52.0 m; - assets - by KZT6.7 bn, including: sums on correspondent accounts - by 4.4 bn, net-volume of loan portfolio - by 2.0 bn and other assets - by 289.1 m; - liabilities - by KZT6.4 bn that was caused by growth of the volume of attracted deposits by 4.3 bn, credits - by 1.1 bn and bonds floatation for 1.5 bn, whereas there took place decrease of other liabilities by 612.1 m; - revenues - by KZT1.2 bn (revenues on given loans increased by 1.0 bn); - expenses - by KZT1.3 bn (interest rate payments on deposits increased by 519.6 m, expenses for formation of provisions on granted credits - by 618.3 m). Net income of VALUT-TRANZIT BANK OJSC, which was received by the results of 9 months of 2002 decreased relative to similar period of 2001 by KZT52.0 m. The table below shows dynamics of some indicators of VALUT-TRANZIT BANK OJSC for 9 months of 2002 by quarters by non-growing result (in m KZT): ---------------------------------------------------------------- Change, Change, Indicator I-2002 II-2002 % III-2002 % ------------------ ------- ------- ------- -------- ------- Change of deposits 839.1 1,560.1 +85.9 928.3 -40.5 Total revenues 1,366.3 604.2 -55.8 653.0 +8.1 Net income 61.3 97.2 +58.5 100.7 +3.6 ---------------------------------------------------------------- [2002-11-19]