Bank CenterCredit OJSC (Kazakhstan) redoubled net income for January- November of 2002

/IRBIS, December 11, 02/ - Bank CenterCredit OJSC (Almaty), whose securities are circulating under Kazakhstan stock exchange's (KASE) official "А" listing category, distributed today press-release about results of activity for eleven months of this year. According to the bank's information its net profit as of December 1 of 2002 was equal to KZT653 m (155/$1), having increased in comparison with similar period of 2001 by 104.7%. Shareholders equity since January 1 till December 1 of this year increased by 78.53%, having reached KZT6.129 bn. The bank's assets increased within the same period by 55.53%, having reached KZT48.214 bn. Loan portfolio increased by KZT12.992 bn (61.74%), deposits and current accounts of clients - by KZT12.555 bn (62.10%), loans from international financial organizations - by KZT972 m (41.81%), and volume of issued bonds reached KZT2.200 bn, having increased within the year by KZT1.532 bn (229.34%). Bank CenterCredit OJSC, within the framework of Kazakhstan competition "Choice of the year" according to results of 2002, was awarded for "The fastest money transfers ". The bank is one of the five largest banks of Kazakhstan. As of December 1 of 2002 the bank had 19 branches and 57 cash settlement offices all over the territory of Kazakhstan. Bank CenterCredit OJSC has long-term rating on banking deposits in foreign currency Ва2 from rating agency Moody's Investors Service. [2002-12-11]