Results of activity of Bank CenterCredit OJSC (Kazakhstan) for the I quarter of 2003

/KASE, June 9, 03/ - Bank CenterCredit OJSC (Almaty), whose securities are circulating in Kazakhstan stock exchange's official "A" listing category, provided KASE with the financial statement for the I quarter of 2003. The following indexes 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) 2,493,269 3,669,030 +47.2 Shareholders' equity 3,267,243 5,145,836 +57.5 Total assets 33,673,282 59,664,259 +77.2 Liquid assets 8,877,538 17,790,488 +100.4 Credits granted (net) 21,128,535 37,136,931 +75.8 Total liabilities 30,405,039 54,518,423 +79.3 Deposits placed in the bank 23,611,587 41,963,385 +77.7 Attracted credits 5,585,634 9,005,096 +61.2 Issued bonds 685,980 2,236,093 +226.0 Total revenues 1,582,830 2,381,165 +50.4 General expenses 1,531,103 2,223,006 +45.2 Net income for the period 51,727 158,159 +205.8 Book value of one share, KZT 262.09 280.50 +7.0 ----------------------------------------------------------- Relative to similar period of 2002 there is increase of: - shareholders' equity of the bank (according to balance sheet) - by KZT1.9 bn as the result of increase of the paid authorized capital by KZT1.2 bn (partial floatation of shares of the 4th issue), total sum of net income (previous years and reporting period) - by 708.0 m, whereas there took place decrease of savings in funds and reserves of the bank by 5.2 m; - assets - by KZT26.0 bn, including: net-volume of loan portfolio - by 16.0 bn, sums on correspondent accounts - by 4.9 bn, securities in the bank's portfolio - by 3.1 bn, cash - by 875.2 m. and other assets - by 1.1 bn; - liabilities - by KZT24.1 bn, of them: placed in the bank deposits - by 18.3 bn, attracted credits - by 3.4 bn, floated bonds - by 1.6 bn and other liabilities - 792.0 m; - total revenues - by KZT798.3 m; - expenses - by KZT691.9 m. Net income, which Bank CenterCredit OJSC received in the I quarter of 2003, exceeded the net income of similar period of 2002 by KZT106.4 m. [2003-06-09]