Net profit of Halyk bank as of April 1 was KZT1.142 bn., its growth in 2003 is expected on the level of KZT4 bn

/Kazakhstan today, April 9, 03/ - Halyk bank's net profit according to Kazakhsatn accounting standards as of April 1 of 2003 was KZT1.142 bn., in comparison with similar period of last year having increased by 48.3%, the bank's representatives informed today, on April 9. The bank's assets reached KZT219.107 bn., shareholders equity KZT22.295 bn., authorized capital - KZT9.882 bn., credit portfolio - KZT142.460 bn.. In the bank's total deposit base, which is KZT73.993 bn., demand deposits and physical persons' current accounts equaled to KZT13.096 bn., population's term deposits - KZT55.220 bn., rests on card-accounts - KZT5.677 bn.. Network on the bank's payment cards servicing at present comprises 366 cash dispensers and 1446 POS-terminals. As deputy chairman of Halyk Bank Marat Zairov informed, by thye end of this year the bank expects growth of assets by 20% in the average up to KZT250 bn., shareholders equity - by 10%, credit portfolio - by 15%, net profit - up to 4 bn. According to the words of Halyk bank's first deputy chairman of the board Yerlan Baimuratov, in this year the bank plans to take number of measures, which are meant for increasing of its capital. "In particular, in the second half year, if we manage to do it, we intend to come to the market of global depositary receipts (GDR) so that our shares circulate at foreign stock exchanges", - Baimuratov said. He has informed that at present corresponding negotiations with foreign juridical consultants and custody bank, which, as is expected, will be Bank of New-York, are held. Besides, he added, "we intend to make shares issue this year at domestic market, and the next year - at foreign one". It's planned to discuss parameters of GDR and shares issues at the bank's shareholders meeting on April 29. [2003-04-09]