Results of activity of VALUT-TRANZIT BANK OJSC (Kazakhstan) for the I quarter of 2003

/KASE, June 6, 03/ - VALUT-TRANZIT BANK OJSC (Karaganda), whose securities are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with the 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 2003, based upon the bank's information (in th. KZT, unless otherwise specified): ----------------------------------------------------------- As of As of Indicator Apr 1, 02 Apr 1, 03 Change,% ---------------------------- ---------- ---------- -------- Authorized capital (paid) 1,299,560 1,843,027 +41.8 Shareholders' equity 2,649,252 3,601,833 +36.0 Total assets 12,243,381 18,198,410 +48.6 Liquid assets 2,574,787 4,582,262 +78.0 Loans to clients (net) 8,361,617 11,669,956 +39.6 Total liabilities 9,594,129 14,596,577 +52.1 Deposits placed in the bank 6,669,099 12,265,198 +83.9 Attracted credits 1,000,984 500,606 -50.0 Issued bonds 1,280,641 1,516,551 +18.4 Total revenues 1,366,311 900,007 -34.1 General expenses 1,304,976 826,546 -36.7 Net income for the period 61,335 73,461 +19.8 Book value of one share, KZT 407.72 390.86 -4.1 ----------------------------------------------------------- Relative to the I quarter of 2002 there are following changes: - shareholders' equity of the bank rose by KZT952.6 m as the result of increase of paid part of authorized capital by KZT543.5 m (floatation of the 8th shares issue), total sum of undistributed income - by 390.2 m, additional capital - by 20.6 m, whereas there took place decrease of funds in funds and reserves - by KZT1.7 m; - assets rose by KZT5.9 bn, including: net-volume of loan portfolio - by 3.3 bn, sum on correspondent accounts - by 1.5 bn, securities in the bank's portfolio - by 477.7 m., and other assets - by 689.5 m; - liabilities rose by KZT5.0 bn that was caused by growth of placed in the bank deposits by 5.6 bn, issued bonds - by 235.9 m, whereas there took place decrease of the volume of attracted credits by 500.4 m. and other liabilities - by 329.2 m; - revenues decreased by KZT466.3 m; - expenses decreased by KZT478.4 m. Net income, which VALUT-TRANZIT BANK OJSC received according to results of the I quarter of 2003, increased relative to similar period of 2002 by KZT12.1 m. [2003-06-06]