Results of activity of AMB OJSC (Kazakhstan) for 9 months of 2002

/KASE, November 20, 02/ - AMB 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 (paid) 2,011,100 3,100,000 +54.1 Shareholders' equity 2,921,908 5,185,495 +77.5 Total assets 28,751,414 47,333,589 +64.6 Liquid assets 8,867,535 15,089,675 +70.2 Credits granted (net) 17,171,364 27,951,907 +62.8 Total liabilities 25,829,506 42,148,094 +63.2 Loans and deposits (including bonds) 23,466,969 40,951,500 +74.5 Issued bonds 672,626 1,518 558 +125.8 Total revenues 3,435,006 4,912,199 +43.0 General expenses 2,927,140 4,130,346 +41.1 Net income for the period 507,866 781,853 +53.9 Book value of one share, KZT 1,452.89 1,672.74 +15.1 ---------------------------------------------------------------------- Relative to similar period of 2001 there is increase of: - shareholders' equity of the bank - by KZT2.3 bn as the result of increase of the paid authorized capital by KZT1.1 bn (floatation of privileged shares of the 6th issue and common shares of the 7th issue), undistributed income - by 850.1 m, additional capital - by 162.8 m, savings in funds and reserves - by 161.9 m; - assets - by KZT18.6 bn, including: net-volume of loan portfolio - by 10.8 bn, securities in the bank's portfolio - by 6.3 bn and other assets - by 1.5 bn; - liabilities - by KZT16.3 bn that was caused by growth of the volume of attracted deposits by 14.0 bn, credits - by 4.4 bn, issued bonds - by 845.9 m, whereas there took place decrease of "repo" transactions by 2.1 bn and other liabilities - 854.5 m; - revenues - by KZT1.5 bn; - expenses - by KZT1.2 bn. Net income of AMB OJSC, which was received by the results of 9 months of 2002 increased relative to similar period of 2001 by KZT274.0 m. The table below shows dynamics of some indicators of AMB 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 2,568.6 6,877.3 +167.7 328.0 -95.2 Total revenues 1,464.7 1,701.6 +16.2 1,746.0 +2.6 Net income 231.7 265.6 +14.6 284.6 +7.2 ---------------------------------------------------------------- [2002-11-20]