Results of activity of Development Bank of Kazakhstan CJSC (Kazakhstan) for 9 months of 2002

/KASE, November 20, 02/ - Development Bank of Kazakhstan CJSC (Astana), 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) 14,228,602 28,778,750 +102.3 Shareholders' equity 14,643,709 31,085,289 +112.3 Book value assets 14,680,661 40,231,091 +174.0 Liquid assets 14,156,399 31,650,293 +123.6 Credits granted (net) - 6,015,525 - Total liabilities 36,952 9,145,802 +24,650.5 Attracted credits - 4,332,159 - Issued bonds - 4,581,732 - Total revenues 450,954 2,486,174 +451.3 General expenses 35,847 873,157 +2,335.8 Net income for the period 415,107 1,613,017 +288.6 ------------------------------------------------------------------- Relative to similar period of 2001 there is increase of: - shareholders' equity of the bank - by KZT16.4 bn as the result of increase of the paid part of authorized capital by KZT14.6 bn, total sum of undistributed income - by 1.2 bn and reserve capital - by 693.5 m; - assets - by KZT25.6 bn, including: securities portfolio - by 10.0 bn, volume of deposits, which were placed in other banks - by 7.5 bn, net- volume of loan portfolio - by 6.0 bn and other assets - by 2.0 bn; - liabilities - by KZT9.1 bn that was caused by floatation of bonds in the for 4.6 bn, increase of indebtedness for other banks and organizations by 4.3 bn and other liabilities - by 195.0 m; - revenues - by KZT2.0 bn; - expenses - by KZT837.3 m. Net income of Development Bank of Kazakhstan CJSC, which was received by the results of 9 months of 2002 equaled to KZT1.6 bn that is more by KZT1.2 bn than for similar period of 2001. The table below shows dynamics of some indicators of Development Bank of Kazakhstan CJSC for 9 months of 2002 by quarters by non-growing result (in th. KZT): ------------------------------------------------------------ Change, Change, Indicator I-2002 II-2002 % III-2002 % -------------- ------- ------- ------- -------- ------- Total revenues 785,635 728,012 -7.3 972,527 +33.6 Net income 630,529 503,296 -20.2 479,192 -4.8 ------------------------------------------------------------ Primary activity: rendering of banking services (excluding attracting of deposits and opening of banking accounts for physical and juridical persons, excluding opening and maintaining of accounts of conditional deposit, reserve accounts in accordance with agreements on loans, which are guaranteed by the state, and also on servicing investment projects, which are financed at the expense of Republican and local budgets' means). [2002-11-20]