Results of activity of BANK CASPIAN OJSC (Kazakhstan) for the I half- year of 2003

/KASE, July 16, 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 half-year of 2003. The following indicators are results of the bank's financial and economic activity for the I half-year of 2003, based upon the bank's data (in th. KZT, unless otherwise specified): ---------------------------------------------------------------------------- As of As of Indicator July 1, 02 July 1, 03 Change,% --------------------------------------------- ---------- ---------- -------- Authorized capital (paid excluding withdrawn) 1,031,147 1,322,922 +28.3 Shareholders' equity 1,942,736 3,303,384 +70.0 Total assets 23,295,647 38,714,600 +66.2 Liquid assets 6,541,630 8,000,677 +22.3 Credits granted (net) 15,352,730 27,705,069 +80.5 Total liabilities 21,352,911 35,411,216 +65.8 Deposits placed in the bank 15,168,487 28,049,354 +84.9 Attracted credits 3,604,565 3,850,905 +6.8 Issued bonds 2,023,050 2,301,194 +13.7 Total revenues 1,477,733 2,501,413 +69.3 General expenses 1,317,117 2,149,850 +63.2 Net income for the period 160,616 351,563 +118.9 Book value of one share, KZT 395.65 524.38 +32.5 ---------------------------------------------------------------------------- Relative to similar period of 2002 there is increase of: - shareholders' equity of the bank (according to balance sheet) - by KZT1.4 bn as the result of increase the paid part of authorized capital by KZT291.8 m, additional capital - by KZT189.0 m, total sum of undistributed income - by 622.9 m, and savings in funds and reserves - by 256.9 m; - assets - by KZT15.4 bn, including: net-volume of loan portfolio - by 12.3 bn, securities in the bank's portfolio - by 2.1 bn, residual value of fixed assets - by 969.8 m, whereas there took place decrease of other assets by 8.0 m; - liabilities - by KZT14.1 bn that was caused by growth of the volume of attracted deposits by 12.9 bn, attracted credits - by 246.3 m, floated bonds - by 277.3 m, and other liabilities - by 653.8 m; - total revenues - by KZT1.0 bn (including on loan operations - by 984.4 m); - expenses - by KZT832.7 m (on placed in the bank deposits - by 451.2 m). Net income, which BANK CASPIAN OJSC received according to results of the I half-year of 2003, exceeded net income of similar period of 2002 by KZT190.9 m. [2003-07-16]