/IRBIS, July 29, 03/ - Tsesnabank OJSC (Almaty), whose shares have been included into 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):

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                                  As of      As of
Indicator                    July 1, 02 July 1, 03 Change,%
---------------------------- ---------- ---------- --------
Authorized capital (paid)       531,067    531,067      0.0
Shareholders' equity            913,630  1,192,196    +30.5
Total assets                  8,545,642 11,871,202    +38.9
Liquid assets                 1,729,550  4,088,113   +136.4
Credits granted (net)         6,065,528  7,111,850    +17.3
Total liabilities             7,632,012 10,679,006    +39.9
Deposits placed in the bank   6,370,592  8,692,915    +36.5
Borrowed loans                  657,917  1,748,003   +165.7
Total revenues                  665,826    849,311    +27.6
General expenses                555,020    754,651    +36.0
Net income for the period       110,806     94,660    -14.6
Book value of one share, KZT   1,720.37   2,244.91    +30.5
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Bank's shareholders equity, which is calculated in compliance with the Rules "About prudential norms" of the National Bank of Kazakhstan, as of July 1 of 2003 was KZT1,572,027 th.

Relative to similar period of 2002 there is increase of:

• shareholders' equity of the bank (according to balance sheet) - by KZT278.6 m. as the result of increase of total sum of undistributed income by the same sum;
• assets - by KZT3.3 bn., including: net-volume of loan portfolio - by 1.0 bn., securities in the bank's portfolio - by 2.4 bn., whereas there took place decrease of other assets by 105.1 m.;
• liabilities - by KZT3.0 bn. of them: deposits, which were placed in the bank, - by 2.3 bn. and borrowed loans - by 1.1 bn. that was partially compensated by decrease of other liabilities by 365.4 m.;
• total revenues - by KZT183.5 m.;
• expenses - by KZT199.6 m.

Net income, which Tsesnabank OJSC in the I half-year of 2003, decreased in comparison with similar period of 2002 by KZT16.1 m.

[2003-07-29]