Results of activity of Bank CenterCredit OJSC (Kazakhstan) for 9 months of 2002

/KASE, November 26, 02/ - Bank CenterCredit 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) 1,936,757 2,934,348 +51.5 Shareholders' equity 2,501,064 4,000,551 +60.0 Book value of assets 27,668,944 45,174,935 +63.3 Liquid assets 5,946,132 10,931,514 +83.8 Credits granted (net) 18,422,435 30,138,993 +63.6 Total liabilities 25,167,880 41,174,384 +63.6 Loans and deposits 24,640,594 40,320,906 +63.6 Issued bonds 665,100 1,910,362 +187.2 Total revenues 3,497,002 5,217,357 +49.2 General expenses 3,198,945 4,754,690 +48.6 Net income for the period 298,057 462,667 +55.2 Book value of one share, KZT 258.27 272.67 +5.6 --------------------------------------------------------------- Relative to similar period of 2001 there is increase of: - shareholders' equity of the bank - by KZT1.5 bn as the result of increase of the paid authorized capital by KZT997.6 m (full floatation of common shares of the 2nd issue and partial - of the 3rd issue), total sum of undistributed income - by 478.0 m, savings in funds and reserves - by 23.9 m; - assets - by KZT17.5 bn, including: net-volume of loan portfolio - by 11.7 bn, sums on correspondent accounts - by 3.0 bn, securities in the bank's portfolio - by by 1.5 bn and other assets - by 1.2 bn; - liabilities - by KZT16.0 bn, of them: deposits - by 10.4 bn, attracted credits - by 3.6 bn, offered bonds - by 1.2 bn and other liabilities - by 806.8 m; - revenues - by KZT1.7 bn (including on loans - by 1.4 bn); - expenses - by KZT1.6 bn. Net income of Bank CenterCredit OJSC, which was received by the results of 9 months of 2002 exceeded the net income of the similar period of 2001 by KZT164.6 m. The table below shows dynamics of some indicators of Bank CenterCredit 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 1,159.1 6,010.5 +418.6 2,031.4 -66.2 Total revenues 1,582.8 1,681.7 +6.2 1,952.9 +16.1 Net income 51.7 102.0 +97.1 309.0 +203.0 ----------------------------------------------------------- [2002-11-26]