Results of activity of Bank TuranAlem OJSC (Kazakhstan) for 2002

/KASE, June 4, 03/ - Bank TuranAlem OJSC (Almaty), whose securities are circulating in the stock exchange's official "A" listing category, provided KASE with financial statement for the I quarter of 2003. The following indicators are results of the bank's financial and economic activity for the I quarter of 2002, based upon the bank's information (in th. KZT, unless otherwise specified): ------------------------------------------------------------------------------ As of As of Indicator Apr 1, 02 Apr 1, 03 Change,% ------------------------------------------ ----------- ----------- -------- Issued authorized capital (paid excluding 17,137,450 17,033,570 -0.6 withdrawn) Shareholders' equity 18,247,185 23,157,371 +26.9 Total assets 162,944,747 228,675,131 +40.3 Liquid assets 46,041,228 76,521,134 +66.2 Credits to clients (net) 105,189,144 138,269,972 +31.4 Total liabilities 144,697,562 205,517,760 +42.0 Clients' accounts and deposits 105,839,091 117,005,213 +10.6 Borrowed loans 25,027,875 55,888,655 +123.3 Liabilities on bonds (including euronotes) n/d 22,978,464 - Total revenues 9,235,626 9,497,552 +2.8 General expenses 8,481,322 8,822,622 +4.0 Net income for the period 754,304 674,930 -10.5 Book value of one share, KZT 10,647.55 13,595.14 +27.7 ------------------------------------------------------------------------------ Relative to similar period of 2001 there is increase of: - shareholders' equity of the bank - by KZT4.9 bn as the result of increase of total sum of undistributed income by 3.8 bn, additional capital - by KZT1.5 bn, whereas there took place decrease of reserves on revaluation by 330.6 m and withdrawal of capital (purchasing of own shares) - by 103.9 m.; - assets - by KZT65.7 bn, of them: net-volume of loan portfolio - by 33.1 bn, securities in the bank's portfolio - by 33.5 bn, other assets - by 3.3 bn, that was partially covered by decrease of sums on correspondent accounts by 4.2 bn; - liabilities - by KZT60.8 bn that had been caused by increase of the volume of clients' deposits, which had been placed in the bank, by 11.2 bn, attracted loans (including repo transactions and issued bonds) - by 44.9 bn, and other liabilities - by 4.8 bn; - total revenues - by KZT261.9 m; - expenses - by KZT341.3 m. Net income, which Bank TuranAlem OJSC received by the results of the I quarter of 2003, decreased relative to similar period of 2002 by KZT79.4 m. [2003-06-04]