Bank CenterCredit OJSC (Kazakhstan) informed about results of activity for 2002

/IRBIS, January 16, 03/ - Bank CenterCredit OJSC (Almaty), which's securities are circulating under Kazakhstan stock exchange's (KASE) official "А" listing category, distributed today press-release about results of activity for 2002. According to the banks' information its net profit as of January 1 of 2003 in accordance with Kazakhstan accounting standards equaled to KZT715 m (155.60/$1), having increased in comparison with 2001 by 132.1%. Growth of the net profit was caused by increase of revenues, which were connected with receiving of interest on loans, which had been given to clients (by 75%), and increase of commission revenues (by 41%). Sum of interest revenues by the end of 2002 was equal to more than KZT4 bn, and sum of commission revenues - KZT1.4 bn. Shareholders' equity increased within the year by 69% and as of January 1 of 2003 equaled to more than KZT6 bn. Authorized capital by the same date equaled to KZT3 bn and increased in comparison with data of January 1 of 2002 by 23.4%. The bank's assets increased within the same period by 56.8% to KZT51 bn. Loan portfolio increased by KZT14 bn (by 66.8%), that equaled by the end of 2002 to KZT35 bn. Deposit base, including clients' current accounts, increased by 62.6% (KZT13 bn) and by the end of 2002 equaled to KZT35 bn. Within the framework of Kazakhstan competition "Choice of the year" according to results of 2002 Bank CenterCredit OJSC was given award on nomination "The quickest money transfers". The bank id 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 Kazakhstan. Bank CenterCredit OJSC has long-term rating on banking deposits in foreign currency Ва2 from rating agency Moody's Investors Service. [2003-01-16]