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

/KASE, June 12, 03/ - Temirbank 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 information (in th. KZT, unless otherwise specified): ------------------------------------------------------------------------------- As of As of Indicator Apr 1, 02 Apr 1, 03 Change,% --------------------------------------------- ---------- ---------- -------- Authorized capital (paid excluding withdrawn) 1,376,777 2,700,000 +96.1 Shareholders' equity 2,287,497 3,883,860 +69.8 Total assets 23,054,652 24,223,458 +5.1 Liquid assets 7,995,974 8,199,570 +2.5 Credits granted (net) 13,829,895 13,753,856 -0.5 Liabilities 20,767,155 20,339,628 -2.1 Deposits placed in the bank 13,190,931 11,677,318 -11.5 Attracted credits 4,459,321 5,736,602 +28.6 Issued bonds 1,658,873 2,243,374 +35.2 Total revenues 874,477 1,108,247 +26.7 General expenses 863,217 1,055,934 +22.3 Net income for the period 11,260 52,313 +364.6 Book value of one share, KZT 1,661.49 1,438.47 -13.4 ------------------------------------------------------------------------------- Relative to similar period of 2002 there are following changes: - shareholders' equity of the bank (according to balance sheet) increased by KZT1.6 bn as the result of increase of the paid part of authorized capital by 1.3 bn (floatation of common shares of the 11th issue), savings in funds and reserves - by 298.8 m, additional paid capital - by 0.4 m, whereas there took place decrease of total sum of undistributed income by 26.1 m; - assets rose by KZT1.2 bn, that was caused by increase of securities in the bank's portfolio by 632.6 m, and other assets - by 1.0 bn, whereas there took place decrease of sums, which had been placed in other banks - by 313.8 m, cash - by 115.1 m and net-volume of loan portfolio - by 79.0 m; - liabilities decreased by KZT427.5 m. in accordance with increase of placed in the bank deposits by 1.5 bn, and other liabilities - by 775.7 m, that was partially compensated by increase of the volume of attracted credits by 1.3 bn, and floated bonds - by 584.5 m; - revenues increased by KZT2333.8 m; - expenses increased by KZT192.7 m. Net income, which Temirbank OJSC received for the I quarter of 2003, increased relative to similar period of 2002 by KZT41.1 m. [2003-06-12]