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

/KASE, September 2, 03/ - KAZKOMMERTSBANK OJSC (Almaty), 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, which had been prepared in compliance with international accounting 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 data (in th. KZT, unless otherwise specified): -------------------------------------------------------- As of As of Indicator July 1, 02* July 1, 03 -------------------------------- ----------- ----------- Authorized capital (paid) 3,499,833 3,499,833 Shareholders' equity 23,194,876 36,578,852 Total assets 213,864,411 367,152,015 Liquid assets 35,449,389 160,495,361 Credits to clients (net) 154,715,953 192,974,261 Total liabilities 190,669,535 330,573,163 Clients' accounts and deposits 134,311,567 277,645,700 Borrowed loans (including bonds) 40,268,060 147,947,590 Total revenues 16,235,370 20,306,142 General expenses 13,084,749 16,171,714 Net income for the period 3,150,621 4,134,428 Book value of one share, KZT 66.27 104.52 -------------------------------------------------------- * - given in accordance with data of financial statement, which was prepared by Kazakhstan accounting standards in compliance with requirements of banking legislation and normative legal acts of the National Bank of Kazakhstan, which were in effect by the mentioned date. Comparative analysis of results of activity of KAZKOMMERTSBANK OJSC for 6 months of 2002 and 2003 is not given because the bank's financial statement for the mentioned periods was prepared by different accounting standards, which had significant differences. [2003-09-02]