Results of activity of Bank TuranAlem OJSC (Kazakhstan) for the 9 months of 2003

/KASE, October 14, 03/ - Bank TuranAlem OJSC (Almaty), whose securities are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with financial statements for the 9months of 2003. The following indicators are results of the bank's financial and economic activity for the 9 months of 2003, based upon the bank's information (in th. KZT, unless otherwise specified): ------------------------------------------------------------------------------ As of As of Indicator Oct 1, 02 Oct 1, 03 Change,% --------------------------------------------- ----------- ----------- -------- Authorized capital (paid excluding withdrawn) 17,033,570 18,615,639 +9.3 Shareholders' equity 19,989,132 26,169,410 +30.9 Total assets 206,023,372 346,787,430 +68.3 Liquid assets 80,199,931 140,704,604 +75.4 Loans to clients (net) 102,832,093 188,363,587 +83.2 Total liabilities 186,034,240 320,618,020 +72.3 Clients' accounts and deposits 119,751,859 203,943,165 +70.3 Borrowed loans 37,830,362 82,622,608 +118.4 Liabilities on bonds (including euronotes) 22,929,271 24,111,502 +5.2 Total revenues 25,363,917 31,506,575 +24.2 General expenses 23,249,951 27,819,606 +19.7 Net income for the period 2,113,966 3,686,969 +74.4 Book value of one share, KZT 11,735.14 15,363.43 +30.9 ------------------------------------------------------------------------------ Relative to similar period of 2002 there is increase of: - shareholders' equity of the bank (according to balance sheet) - by KZT6.2 bn. as the result of increase of total sum of undistributed income by 2.3 bn., additional paid-in capital - by KZT1.6 bn., accumulations in funds and reserves - by KZT2.3 bn. - assets - by KZT140.8 bn., of them: net-volume of loan portfolio - by 85.5 bn., securities in the bank's portfolio - by 33.5 bn., amounts at corresponding accounts - by KZT22.5 bn and decrease of other assets - by KZT832.2 mn.; - liabilities - by KZT134.6 bn. that was caused by increase of the volume deposits, which had been placed with the bank, by 84.2 bn., attracted loans - by 44.8 bn., volume of floated bonds - by 1.2 bn. and other liabilities - by 4.4 bn.; - total revenues - by KZT6.1 bn. (including on loan operations - by 4.6 bn.); - expenses - by KZT4.6 bn. (on deposits placed with the bank- by 2.4 bn. and assignments on provisions - by 1.3 bn.). Net income, which Bank TuranAlem OJSC received by the results of the 9 months of 2003, exceeded net income of similar period of 2002 by KZT1.6 bn. [2003-10-14]