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

/KASE, November 26, 02/ - Bank TuranAlem 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) 12,870,230 17,033,570 +32.3 Shareholders' equity 12,848,126 19,989,132 +55.6 Total assets 135,969,896 206,023,372 +51.5 Liquid assets 40,244,941 80,199,931 +99.3 Credits granted (net) 86,717,653 102,832,093 +18.6 Total liabilities 123,121,770 186,034,240 +51.1 Loans and deposits 116,946,970 179,098,785 +53.1 Issued bonds (including euronotes) 4,247,620 22,929,271 +439.8 Total revenues 16 587 680 25 363 917 +52.9 General expenses 14 652 783 23 249 951 +58.7 Net income for the period 1,934,897 2,113,966 +9.3 Book value of one share, KZT 9,982 11,735 +17.6 ------------------------------------------------------------------- Relative to similar period of 2001 there is increase of: - shareholders' equity of the bank - by KZT7.1 bn as the result of increase of the paid authorized capital by KZT4.2 bn (floatation of privilegedshares of the 6th issue) and total sum of undistributed income - by 2.9 bn; - assets - by KZT70.1 bn, pf them: securities in the bank's portfolio - by 44.4 bn, net-volume of loan portfolio - by 16.1 bn and other assets - by 9.6 bn; - liabilities - by KZT62.9 bn that was caused by growth of the volume of attracted deposits by 24.2 bn, offered bonds (including euronotes) - by 18.7 bn, indebtedness before other banks and organizations - by 11.1 bn and other liabilities (including "repo" transactions) - by 8.9 bn; - total revenues - by KZT8.8 bn (including on loan operations - by 3.3 bn); - expenses - by KZT8.6 bn (of them 3.5 bn - on provisions forming). Net income of Bank TuranAlem OJSC, which was received by the results of 9 months of 2002 rose relative to similar period of 2001 by KZT179.1 m. The table below shows dynamics of some indicators of Bank TuranAlem 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 -5,020.6 2,253.5 +144.9 11,659.3 +417.4 Total revenues 9,235.6 7,523.4 -18.5 7,245.2 -3.7 Net income 754.3 904.2 +19.9 455.4 -49.6 ------------------------------------------------------------ [2002-11-26]