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

/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): ----------------------------------------------------------- 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 ----------------------------------------------------------- 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]