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

/KASE, August 1, 03/ - Nurbank 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 information (in th. KZT, unless otherwise specified): -------------------------------------------------------------- As of As of Indicator July 1, 02 July 1, 03 Change,% ---------------------------- ---------- ---------- -------- Authorized capital (paid) 2,711,378 3,000,000 +10.6 Shareholders' equity 5,227,864 6,825,833 +30.6 Total assets 24,352,822 40,226,716 +65.2 Liquid assets 8,649,634 16,337,268 +88.9 Credits granted (net) 13,153,138 21,219,714 +61.3 Total liabilities 19,124,958 33,400,883 +74.6 Deposits placed in the bank 17,594,287 23,833,843 +35.5 Attracted credits 658,295 3,309,247 +402.7 Issued bonds - 1,444,879 - Total revenues 2,321,547 4,093,667 +76.3 General expenses 1,662,921 2,885,058 +73.5 Net income for the period 658,626 1,208,609 +83.5 Book value of one share, KZT 19,281.05 22,752.78 +18.0 -------------------------------------------------------------- Relative to similar period of 2001 there is increase of: - shareholders' equity of the bank (according to balance) - by KZT1.6 bn as the result of increase of paid part of authorized capital by 288.6 m, savings in funds and reserves - by KZT766.2 m, and total sum of undistributed income - by 543.2 m; - assets - by KZT15.9 bn, including: net-volume of loan portfolio - by 7.1 bn, sums on correspondent accounts - by 4.4 bn, securities in the bank's portfolio - by 3.1 bn, and other assets - by 258.5 m; - liabilities - by KZT14.3 bn, of them: deposits placed in the bank - by 6.2 bn, attracted loans - by 2.6 bn, other liabilities - by 3.9 bn, and liabilities on bonds - by 1.4 bn; - total revenues - by KZT1.8 bn; - expenses - by KZT1.2 bn. Net income, which Nurbank OJSC received for the I half-year of 2003, increased in comparison with similar period of 2002 by KZT550.0 m. [2003-08-01]