Results of activity of Bank TuranAlem OJSC (Kazakhstan) for the I half- year of 2003

/KASE, July 17, 03/ - Bank TuranAlem OJSC (Almaty), whose securities are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with 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 information (in th. KZT, unless otherwise specified): ------------------------------------------------------------------------------ As of As of Indicator July 1, 02 July 1, 03 Change,% --------------------------------------------- ----------- ----------- -------- Authorized capital (paid excluding withdrawn) 17,137,450 17,033,570 -0.6 Shareholders' equity 19,486,667 24,148,683 +23.9 Total assets 178,192,821 292,389,476 +64.1 Liquid assets 57,802,764 109,622,946 +89.7 Credits to clients (net) 100,236,686 164,644,162 +64.3 Total liabilities 158,706,154 268,240,793 +69.0 Clients' accounts and deposits 108,092,596 184,045,390 +70.3 Borrowed loans 26,964,352 54,669,223 +102.7 Liabilities on bonds (including euronotes) 19,462,654 22,045,760 +13.3 Total revenues 17,663,385 20,736,422 +17.4 General expenses 16,004,719 19,070,180 +19.2 Net income for the period 1,658,545 1,666,242 +0.5 Book value of one share, KZT 11,370.81 14,177.11 +24.7 ------------------------------------------------------------------------------ Relative to similar period of 2002 there is increase of: - shareholders' equity of the bank (according to balance sheet) - by KZT4.7 bn. as the result of increase of total sum of undistributed income by 1.2 bn., additional capital - by KZT1.6 bn., reserves - by 1.9 bn., while there was withdrawal of capital (redeeming of common shares) - by 103.9 m.; - assets - by KZT114.2 bn., of them: net-volume of loan portfolio - by 64.4 bn., securities in the bank's portfolio - by 52.5 bn. and other assets - by 215.5 m., that was partially covered by decrease of sums on correspondent accounts by 2.9 bn.; - liabilities - by KZT109.5 bn. that was caused by increase of the volume deposits, which had been placed in the bank, by 75.9 bn., attracted loans - by 27.7 bn., volume of floated bonds - by 2.6 bn. and other liabilities - by 3.3 bn.; - total revenues - by KZT3.1 bn. (including on loan operations - by 2.3 bn.); - expenses - by KZT3.1 bn. (on placed in the bank deposits - by 1.4 bn. and assignments on provisions - by 1.1 bn.). Net income, which Bank TuranAlem OJSC received by the results of the I half-year of 2003, exceeded net income of similar period of 2002 by KZT7.7 m. [2003-07-17]