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

/KASE, July 30, 03/ - VALUT-TRANZIT BANK OJSC (Karaganda), 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 information (in th. KZT, unless otherwise specified): -------------------------------------------------------------- As of As of Indicator July 1, 02 July 1, 03 Change,% ---------------------------- ---------- ---------- -------- Authorized capital (paid) 1,299,560 2,300,000 +77.0 Shareholders' equity 2,744,805 4,123,059 +50.2 Total assets 13,630,703 20,868,050 +53.1 Liquid assets 4,502,942 4,806,416 +6.7 Loans to clients (net) 7,715,018 13,324,401 +72.7 Total liabilities 10,885,898 16,744,990 +53.8 Deposits placed in the bank 8,229,220 14,245,995 +73.1 Attracted credits 922,556 544,826 -40.9 Issued bonds 1,534,100 1,519,777 -0.9 Total revenues 1,970,537 2,225,547 +12.9 General expenses 1,811,994 1,998,032 +10.3 Net income for the period 158,543 227,515 +43.5 Book value of one share, KZT 422.42 358.53 -15.1 -------------------------------------------------------------- Relative to similar period of 2002 there in increase of: - shareholders' equity of the bank - by KZT1.4 bn. as the result of increase of paid part of authorized capital by KZT1.0 bn. (additional floatation of the 8th shares issue), total sum of undistributed income - by 69.0 m., additional capital - by 20.6 m. and reserve capital - by KZT288.2 m.; - assets - by KZT7.2 bn., including: net-volume of loan portfolio - by 5.6 bn., securities in the bank's portfolio - by 406.5 m., residual value of fixed assets - by 551.1 m., refined precious metals - by 221.6 m. and other assets - by 448.7 m.; - liabilities - by KZT5.8 bn. that was caused by growth of placed in the bank deposits by 6.0 bn. and other liabilities - by 220.0 m., whereas there took place decrease of the volume of attracted credits by 377.7 m.; - total revenues - by KZT255.0 m.; - expenses - by KZT186.0 m. Net income, which VALUT-TRANZIT BANK OJSC received according to results of the I half-year of 2003, increased relative to similar period of 2002 by KZT69.0 m. [2003-07-30]