Results of activity of BANK CASPIAN OJSC (Kazakhstan) for the I quarter of 2003

/KASE, June 10, 03/ - BANK CASPIAN OJSC (Almaty), 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 data (in th. KZT, unless otherwise specified): ---------------------------------------------------------------------------- As of As of Indicator Apr 1, 02 Apr 1, 03 Change,% --------------------------------------------- ---------- ---------- -------- Authorized capital (paid excluding withdrawn) 993,224 1,322,922 +33.2 Shareholders' equity 1,644,493 3,122,189 +89.9 Total assets 14,984,366 32,288,530 +115.5 Liquid assets 5,708,754 7,145,423 +25.2 Credits granted (net) 7,837,448 22,258,153 +184.0 Total liabilities 13,339,873 29,166,341 +118.6 Deposits placed in the bank 9,570,731 21,053,633 +120.0 Attracted credits 1,429,963 4,125,263 +188.5 Issued bonds 1,707,562 3,070,426 +79.8 Total revenues 767,251 1,110,726 +44.8 General expenses 694,980 934,618 +34.5 Net income for the period 72,271 176,108 +143.7 Book value of one share, KZT 347.70 495.61 +42.5 ---------------------------------------------------------------------------- Relative to similar period of 2002 there is increase of: - shareholders' equity of the bank (according to balance sheet) - by KZT1.5 bn as the result of increase the paid part of authorized capital by KZT329.7 m, additional capital - by KZT354.3 m, total sum of undistributed income - by 661.9 m, and savings in funds and reserves - by 131.8 m; - assets - by KZT17.3 bn, including: net-volume of loan portfolio - by 14.4 bn, securities in the bank's portfolio - by 1.9 m, other assets - by 1.9 bn, whereas there took place decrease of sums on correspondent accounts - by 923.3 m; - liabilities - by KZT15.8 bn that was caused by growth of the volume of attracted deposits by 11.5 bn, attracted credits - by 2.7 bn, floatation of bonds - by 1.4 bn, and other liabilities by 275.4 m; - total revenues - by KZT343.5 m; - expenses - by KZT239.6 m. Net income, which BANK CASPIAN OJSC received according to results of the I quarter of 2003, exceeded net income of similar period of 2002 by KZT103.8 m. [2003-06-10]