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

/KASE, November 27, 02/ - TexaKaBank OJSC (Almaty), whose bonds are circulating under the stock exchange's official "A" listing category, provided KASE with the financial statement as of October 1 of 2002: the balance sheet, income statement and cash flow 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) 526,220 973,380 +85.0 Shareholders' equity 1,101,268 1,247,699 +13.3 Total assets 5,228,875 8,213,915 +57.1 Liquid assets 959,456 1,793,523 +86.9 Credits granted (net) 3,090,932 5,131,638 +66.0 Total liabilities 4,127,607 6,966,216 +68.8 Loans and deposits (including bonds) 3,674,101 6,605,009 +79.8 Issued bonds 825,695 1,293,900 +56.7 Total revenues 550,788 980,294 +78.0 General expenses 495,032 817,311 +65.1 Net income for the period 55,756 162,983 +192.3 -------------------------------------------------------------------- * - shareholders' equity of TexaKaBank OJSC according to the data of the balance sheet. The bank's shareholders' equity, which is calculated in compliance with the Rules "About prudential norms" of the National Bank of Kazakhstan, as of October 1 of 2002 was equal to KZT1,869,503 th. Relative to similar period of 2001 there is increase of: - shareholders' equity (according to the balance sheet) - by KZT146.4 m as the result of increase of the paid authorized capital by KZT447.2 m and reserve capital - by 59.5 m, whereas there took place decrease of additional capital by 331.9 m and total sum of undistributed income by 28.3 m; - assets - by KZT3.0 bn, including: net-volume of loan portfolio - by 2.0 bn, securities in the bank's portfolio - by 566.7 m, sums on correspondent accounts - by 237.8m and other assets - by 139.8 m; - liabilities - by KZT2.8 bn, that was caused by increase of attracted deposits volume by 2.1 bn and floatation of bonds for 860.2 m, whereas there took place decrease of other liabilities by 92.3 m; - revenues - by KZT429.5 m; - expenses - by KZT322.3 bn. Net income of TexaKaBank OJSC, which was received by the results of 9 months of 2002 rose in comparison with similar period of 2001 by KZT107.2m. The table below shows dynamics of some indicators of TexaKaBank OJSC for 9 months of 2002 by quarters by non-growing result (in th. KZT): ---------------------------------------------------------------- Change, Change, Indicator I-2002 II-2002 % III-2002 % ------------------ ------- ------- ------- -------- ------- Change of deposits 953 217 104 632 -89.0 407 735 +289.7 Total revenues 273 367 356 987 +30.6 349 940 -2.0 Net income 47 260 48 451 +2.5 67 272 +38.8 ---------------------------------------------------------------- [2002-11-27]