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

/KASE, July 30, 03/ - Alliance Bank OJSC (Almaty), whose bonds are circulating in Kazakhstan stock exchange's 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) 1,179,130 3,060,000 +159.5 Shareholders' equity 1,233,652 3,382,942 +174.2 Total assets 14,626,333 33,956,091 +132.2 Liquid assets 4,377,682 7,753,086 +77.1 Credits granted (net) 9,561,201 24,806,679 +159.5 Total liabilities 13,399,974 30,573,149 +128.2 Deposits placed in the bank 11,969,388 24,179,134 +102.0 Attracted credits 720,222 3,001,280 +316.7 Issued bonds - 2,895,299 - Total revenues 794,811 2,339,249 +194.3 General expenses 829,532 2,176,667 +162.4 Net income (loss) for the period (34,721) 162,582 - Book value of one share, KZT 10,462.39 11,055.37 +5.7 ------------------------------------------------------------------ Relative to similar period of 2002 there is increase of: - shareholders' equity of the bank (according to balance sheet) - by KZT2.1 m. as the result of increase of the paid part of authorized capital by KZT1.9 bn. (floatation of common shares of the 2nd, and the 3rd issues), total sum of undistributed income - by 177.6 m. and savings in funds and reserves - by 90.8 m.; - assets - by KZT19.3 bn., including: net-volume of loan portfolio - by 15.2 bn., securities in the bank's portfolio - by 1.8 bn., sums on accounts in other banks - by 1.0 bn. and other assets - by 1.2 bn.; - liabilities - by KZT17.2 bn. that was caused by increase of deposits by 12.2 bn., borrowed loans - by 2.3 bn. and floatation of bonds by 2.9 bn., whereas there took place decrease of other liabilities by 212.9 m.; - total revenues - by KZT1.5 bn. (including on loan operations - by 948.2 m.); - expenses - by KZT1.3 bn. (of them on placed in the bank deposits - by 795.8 m.) Net income, which Alliance Bank OJSC received within the I half-year of 2003 is equal to KZT162.6 m. against KZT34.7 m. of losses in similar period of 2002. [2003-07-30]