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

/KASE, November 20, 02/ - KAZKOMMERTSBANK 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, cash flow statement 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) 2,942,201 3,499,833 +19.0 Shareholders' equity 17,426,437 24,786,134 +42.2 Total assets 158,146,044 243,054,984 +53.7 Liquid assets 35,735,335 54,453,670 +52.4 Credits granted (net) 109,363,703 164,495,997 +50.4 Total liabilities 140,719,607 218,268,850 +55.1 Loans and deposits (including bonds) 134,366,794 201,840,552 +50.2 Total revenues 16,646,432 24,700,691 +48.4 General expenses 13,815,426 19,621,423 +42.0 Net income for the period 2,831,006 5,079,268 +79.4 Book value of one share, KZT 59.23 70.82 +19.6 ------------------------------------------------------------------------ Relative to similar period of 2001 there is increase of: - shareholders' equity of the bank - by KZT7.4 bn as the result of increase of the paid authorized capital by KZT557.6 m (floatation of privileged shares of the 8th issue), total sum of undistributed income - by 4.1 bn, additionally paid capital - by 2.3 bn and savings in funds and reserves - by 417.0 m; - assets - by KZT84.9 bn, that was caused by increase of net-volume of loan portfolio by 55.1 bn, sums on correspondent accounts - by 17.9 bn, cash - by 1.9 bn and other assets - by 9.9 bn; - liabilities - by KZT77.5 bn, of them: attracted deposits - by 54.7 bn, indebtedness before other banks and organizations (including before the Government) - by 8.7 bn and other liabilities (including "repo" transactions, issued bonds and other) - by 14.1 bn; - revenues - by KZT8.0 bn (of them on loan operations - by 6.7 bn); - expenses - by KZT5.8 bn (including: payments on deposits - by 2.4 bn, formed provisions - by 2.1 bn). Net income of KAZKOMMERTSBANK OJSC, which was received by the results of 9 months of 2002 increased relative to similar period of 2001 by KZT2.2 bn. The table below shows dynamics of some indicators of KAZKOMMERTSBANK 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 -7,467.5 22,144.1 +396.5 19,244.4 -13.1 Total revenues 7,729.2 8,506.2 +10.1 8,465.3 -0.5 Net income 1,682.6 1,468.0 -12.8 1,928.6 +31.4 ------------------------------------------------------------------ [2002-11-20]