/KASE, July 30, 03/ - Development Bank of Kazakhstan CJSC (Astana), whose bonds 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, which was prepared in compliance with international standards.

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):

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                                As of       As of
Indicator                  July 1, 02  July 1, 03  Change,%
-------------------------  ----------  ----------  --------
Authorized capital (paid)  28,685,750  30,000,000      +4.6
Shareholders' equity       30,513,097  33,321,244      +9.2
Book value assets          35,446,567  59,098,913     +66.7
Liquid assets              30,258,457  37,677,787     +24.5
Credits granted (net)       3,189,985  13,200,831    +313.8
Total liabilities           4,933,470  25,777,669    +422.5
Attracted credits                   0   6,472,297         -
Issued bonds                4,542,011  19,157,861    +321.8
Total revenues              1,513,647   6,042,995    +299.2
General expenses              379,822   5,532,153  +1,356.5
Net income for the period   1,133,825     510,842     -54.9
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Relative to similar period of 2002 there is increase of:

• shareholders' equity of the bank - by KZT2.8 bn as the result of increase of the paid part of authorized capital by KZT1.3 bn, net income and reserves - by 1.5 bn;
• assets - by KZT23.6 bn, of them: net-volume of loan portfolio - by 10.0 bn, securities (including reverse repo) - by 6.8 bn, sums on correspondent accounts - by 8.2 bn, whereas there took place decrease of other assets by 1.4 bn;
• liabilities - by KZT20.8 bn, including: on issued bonds - by 14.6 bn, indebtedness to other banks - by 6.5 bn, whereas there took place decrease of other liabilities by 243.9 m;
• total revenues - by KZT4.5 bn;
• expenses - by KZT5.2 bn.

Net income, which Development Bank of Kazakhstan CJSC received in the I half-year of 2003, decreased in comparison with similar period of 2002 by KZT623.0 m, that had been caused by the significant growth of expenses concerned with interest payment on the borrowed funds, and also expenses concerned with revaluation.

Primary activity - rendering of banking activities (excepting attracting of deposits and opening of accounts for physical and juridical entities, excluding opening and maintaining of accounts of conditional deposits, reserve accounts in compliance with agreements on loans that are guaranteed by the state, bank accounts for registering the bank's loans, other loans and funds of the republican and local budgets, in order to make payments and money transfers, which are provided by agreements, which have been made in compliance with investment projects and export operations, which are served by the bank).

[2003-07-30]