Results of activity of JB LARIBA-BANK OJSC (Kazakhstan) for 9 months of 2002

/KASE, November 27, 02/ - JB LARIBA-BANK OJSC (Almaty), whose bonds are circulating under the stock exchange's official "B" 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,% ------------------------------- --------- --------- -------- Announced authorized capital 1,000,000 1,000,000 +0.0 Issued authorized capital (paid 775,421 912,585 +17.7 excluding withdrawn) Shareholders' equity 1,062,267 1,195,250 +12.5 Total assets 1,816,781 1,841,673 +1.4 Liquid assets 584,456 444,746 -23.9 Credits granted (net) 947,177 1,159,704 +22.4 Total liabilities 754,514 646,423 -14.3 Loans and deposits 740,766 619,049 -16.4 Total revenues 267,156 302,050 +13.1 General expenses 141,266 180,244 +27.6 Net income for the period 125,890 121,806 -3.2 --------------------------------------------------------------- Relative to similar period of 2001 there are following changes: - shareholders' equity of the bank increased by KZT133.0 m as the result of increase of the paid part of authorized capital by KZT137.2 m, whereas there took place decrease of total sum of undistributed income by 4.1 m; - assets increased by KZT24.9 m, on account of increase of net-volume of loan portfolio - by 212.5 m and cash currency - by 39.7 m that was partially covered by reduction of securities portfolio by 180.7 m and other assets - by 46.6 m; - liabilities decreased by KZT108.1 m that was caused by decrease of volume of attracted deposits by 121.7 m, whereas there took place increase of other liabilities - by 13.6 m; - revenues increased by KZT34.9 m; - expenses increased by KZT39.0 m. Net income of JB LARIBA-BANK OJSC, which was received by the results of 9 months of 2002 decreased in comparison with similar period of 2001 by KZT4.1 m. The table below shows dynamics of some indicators of JB LARIBA-BANK 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 292,532 -188,597 -164.5 -96,445 +48.9 Total revenues 94,847 103,225 +8.8 103,978 +0.7 Net income 37,716 42,457 +12.6 41,633 -1.9 ----------------------------------------------------------------- [2002-11-27]