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

/KASE, June 12, 03/ - Alliance Bank OJSC (Almaty), whose bonds 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 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): ------------------------------------------------------------ As of As of Indicator Apr 1, 02 Apr 1, 03 Change,% --------------------------- --------- ---------- -------- Authorized capital (paid) 1,179,130 2,000,000 +69.6 Shareholders' equity 1,330,804 2,285,758 +71.8 Total assets 8,779,797 31,299,854 +256.5 Liquid assets 1,017,708 9,657,005 +848.9 Credits granted (net) 7,292,606 20,267,791 +177.9 Total liabilities 7,448,993 29,014,096 +289.5 Deposits placed in the bank 6,586,235 24,372,946 +270.1 Attracted credits 653,058 2,294,328 +251.3 Issued bonds - 1,371,494 - Total revenues 609,219 1,050,474 +72.4 General expenses 434,907 959,108 +120.5 Net income for the period 174,312 91,366 -47.6 ------------------------------------------------------------ Relative to similar period of 2002 there is increase of: - shareholders' equity of the bank (according to balance sheet) - by KZT955.0 m. as the result of increase of the paid part of authorized capital by KZT820.9 m. (floatation of common shares of the 2nd issue), sum of reserves - by 85.3 m. and total sum of undistributed income - by 48.8 m.; - assets - by KZT22.5 bn., including: net-volume of loan portfolio - by 13.0 bn., securities in the bank's portfolio - by 6.2 bn., sums on accounts in other banks - by 1.7 bn. and other assets - by 1.6 bn.; - liabilities - by KZT21.6 bn. that was caused by increase of deposits by 17.8 bn., borrowed loans - by 1.6 bn., other liabilities - by 765.6 m. and floatation of bonds by 1.4 bn.; - revenues - by KZT441.3 m.; - expenses - by KZT524.2 m. Net income, which Alliance Bank OJSC received according to results of the I quarter of 2003 is less by KZT82.9 m. than the net income of similar period of 2002. [2003-06-12]