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

/KASE, June 30, 03/ - TEXAKABANK OJSC (Almaty), whose bonds 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): ----------------------------------------------------------- As of As of Indicator Apr 1, 02 Apr 1, 03 Change,% --------------------------- --------- --------- -------- Authorized capital (paid) 641,500 973,380 +51.7 Shareholders' equity 1,131,976 1,338,955 +18.3 Total assets 7,308,887 8,897,508 +21.7 Liquid assets 1,520,723 1,817,201 +19.5 Credits granted (net) 4,730,711 5,717,855 +20.9 Total liabilities 6,176,911 7,558,553 +22.4 Deposits placed in the bank 4,798,742 5,463,932 +13.9 Loans attracted - 201,416 - Issued bonds 1,100,900 1,520,742 +38.1 Total revenues 273,367 449,996 +64.6 General expenses 226,107 405,219 +79.2 Net income for the period 47,260 44,777 -5.3 Book value of a share, KZT 1,617,11 1,375,57 -14.9 ----------------------------------------------------------- Relative to similar period of 2002 there are following changes: - shareholders' equity of the bank (according to balance sheet) rose by KZT207.0 m. as the result of increase in reserve capital by 24.1 m. and total sum of undistributed income - by 182.9 m.; - assets increased by KZT1.6bn including net-volume of loan portfolio - 987.1 m, amount on correspondent accounts - 162.0 m, cash - 159.1 and other assets - by 124.6 m; - liabilities increased by KZT1.4 b that was caused by growth of attracted deposits by 665.2m, placed bonds - 419.8m, and other liabilities - 296.6m; - revenues rose by KZT176.6m; - expenses rose by KZT179.1m Net income, which TEXAKABANK OJSC received according to results of the I quarter of 2003, decreased the figure of similar period of 2002 by KZT2.5 m. [2003-06-30]