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

/KASE, July 31, 03/ - AMB OJSC (Almaty), whose securities 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 result 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) 3,100,000 5,575,516 +79.9 Shareholders' equity 4,889,241 7,614,164 +55.7 Total assets 48,252,241 70,201,889 +45.5 Liquid assets 19,045,845 21,250,657 +11.6 Credits granted (net) 25,052,975 43,937,186 +75.4 Total liabilities 43,363,000 62,587,725 +44.3 Deposits placed in the bank 32,523,739 38,463,310 +18.3 Attracted credits 8,621,036 19,568,988 +127.0 Issued bonds 1,506,870 1,517,952 +0.7 Total revenues 3,166,246 5,267,826 +66.4 General expenses 2,668,965 4,446,133 +66.6 Net income for the period 497,281 821,693 +65.2 Book value of one share, KZT 1,577.17 1,365.64 -13.4 ----------------------------------------------------------- Relative to the I half-year of 2002 there is increase of: - shareholders' equity of the bank (according to balance sheet) - by KZT2.7 bn. as the result of increase of the paid part of authorized capital by 2.5 bn. (partial floatation of shares of the 8th issue), savings in funds and reserves - by 262.6 m., additional capital - by 10.6 m., whereas there took place decrease of total sum of undistributed income by 23.8 m.; - assets - by KZT21.9 bn., of them: net-volume of loan portfolio - by 18.9 bn., securities in the bank's portfolio - by 1.7 bn., residual value of fixed assets - by 944.4 m. and other assets - by 456.3 m.; - liabilities - by KZT19.2 bn. including: volume of deposits, which were placed in the bank - by 5.9 bn., attracted credits - by 10.9 bn. and other liabilities - by 2.3 bn.; - total revenues - by KZT2.1 bn. (including on loan operations - by 935.6 m. and unforeseeable revenues - by 539.3 m.); - expenses - by KZT1.8 bn. (increase of expenses on placed in the bank deposits - by 731.4 m. and assignments on reserves (provisions) on possible losses - by 638.6 m.). Net income, which AMB OJSC received by the results of the I half-year of 2003, increased relative to similar period of 2002 by KZT324.4 m. [2003-07-31]