Results of activity of DB Alfa-Bank OJSC (Kazakhstan) for the 9 months of 2003

/KASE, October 20, 03/ - DB Alfa-Bank OJSC (Almaty), whose bonds are circulating in the stock exchange's official "А" listing category, provided KASE with financial statement for the 9 months of 2003. Following indexes are result of the bank's financial and economic activity for 9 months of 2003, based on the bank's data (in th. KZT): ---------------------------------------------------------------- as of as of Increase / Index Oct 1, 02 Oct 1, 03 decrease, % -------------------------------- --------- --------- ----------- Issued authorized capital (paid) 1,000,000 1,000,000 0.0 Shareholders' equity 1,927,024 2,167,769 +12.5 Total assets 7,878,050 9,944,966 +26.2 Liquid assets 1,764,645 1,823,535 +3.3 Lent credits (net) 5,684,814 7,742,347 +36.2 Liabilities, total 5,951,026 7,777,197 +30.7 Accounts and deposits of clients 4,393,932 7,077,729 +61.1 Attracted credits 525,640 518,173 -1.4 Issued bonds 844,500 - -100.0 Total revenues 1,170,931 1,614,716 +37.9 General expenses 692,545 1,256,289 +81.4 Net income for the period 478,386 358,427 -25.1 ---------------------------------------------------------------- Relative to similar period of 2002 there is increase of: - the bank's shareholders' equity (according to balance sheet) - by KZT240.7 m. as the result of increase of total sum of undistributed income by 270.4 m., while accumulated amounts in funds and reserves decreased (including additional capital) by 29.7 m.; - assets - by KZT2.1 bn., including: net-volume of loan portfolio - by 2.1 bn., sum on correspondent accounts and deposits with other banks - by 138.6 m., what have been partially offset by decrease of other assets by 129.2 mn; - liabilities - by KZT1.8 bn due to increase of attracted deposits by 2.7 bn, though the bank called its bonds for 844.5 mn and decreased its other liabilities by 13.1 mn - revenues - by KZT443.8 m; (on loan operations - by 236.3) - expenses - by KZT563.7 m. (including assignments on provisions - by 323.1 m.). Net income, which DB Alfa-Bank OJSC earned by the results of the 9 months of 2003, decreased in comparison with the net income of similar period of 2002 by KZT119.9 m. [2003-10-20]