Results of activity of DB Alfa-Bank OJSC (Kazakhstan) for the I quarter of 2003

/KASE, June 11, 03/ - DB Alfa-Bank OJSC (Almaty), whose bonds are circulating in the stock exchange's official "А" listing category, provided KASE with financial statement for the I quarter of 2003. Following indexes are result of the bank's financial and economic activity for 2002, based on the bank's data (in th. KZT): -------------------------------------------------------------------- as of as of Increase / Index Apr 1, 02 Apr 1, 03 decrease, % -------------------------------- --------- ---------- ----------- Issued authorized capital (paid) 1,000,000 1,000,000 0 Shareholders' equity 1,632,013 2,053,162 +25.8 Total assets 5,481,588 10,029,651 +83.0 Liquid assets 955,522 2,313,639 +142.1 Given credits (net) 4,198,847 7,291,032 +73.6 Liabilities, total 3,849,575 7,976,489 +107.2 Deposits placed in the bank 3,221,132 5,797,304 +80.0 Attracted credits 568,848 1,077,810 +89.5 Issued bonds - 844,275 - Total revenues 324,358 637,786 +96.6 General expenses 186,636 393,966 +111.1 Net income for the period 137,722 243,820 +77.0 -------------------------------------------------------------------- Relative to similar period of 2002 there is increase of: - the bank's shareholders' equity (according to balance sheet) - by KZT421.1 m. as the result of increase of total sum of undistributed income by 474.1 m., whereas there took place decrease of reserves on revaluation by 52.9 m.; - assets - by KZT4.5 bn., of them: net-volume of loan portfolio - by 3.1 bn., sum on correspondent accounts - by 900.5 m., securities in the bank's portfolio - by 303.6 m., and other assets - by 251.8 m.; - liabilities - by KZT4.1 bn., including: attracted deposits - by 2.6 bn., attracted credits - by 509.0 m., other liabilities - by 197.5 m., and floatation of the bank's bonds for 844.3 m.; - revenues - by KZT313.4 m; - expenses - by KZT207.3 m. Net income, which DB Alfa-Bank OJSC received by the results of the I quarter of 2003, exceeded net income of similar period of 2002 by KZT106.1 m. [2003-06-11]