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

/KASE, October 30, 03/ - Alliance Bank OJSC (Almaty), whose securities are circulating in Kazakhstan stock exchange's official "A" listing category, provided KASE with the financial statement for 9 months of 2003. The following indicators are the result of the bank's financial and economic activity for 9 months of 2003, based upon the bank's data (in th. KZT, unless otherwise specified): -------------------------------------------------------------- As of As of Indicator Oct 1, 02 Oct 1, 03 Change,% ---------------------------- ---------- ---------- -------- Authorized capital (paid) 1,350,130 3,310,000 +145.2 Shareholders' equity 1,457,357 3,687,764 +153.0 Total assets 15,370,425 46,218,586 +200.7 Liquid assets 3,237,325 16,141,751 +398.6 Credits granted (net) 11,075,369 27,615,372 +149.3 Total liabilities 13,913,068 42,530,822 +205.7 Deposits placed in the bank 12,901,037 36,008,310 +179.1 Attracted credits 583,135 2,656,173 +355.5 Issued bonds - 2,936,573 - Total revenues 1,364,417 3,788,028 +177.6 General expenses 1,351,916 3,557,526 +163.1 Net income for the period 12,501 230,502 +1,743.9 Book value of one share, KZT 10,794.20 11,141.28 +3.2 -------------------------------------------------------------- Relative to similar period of 2002 there is increase of: - shareholders' equity of the bank (according to balance sheet) - by KZT2.2 bn. as the result of increase of the paid part of authorized capital by KZT1.9 bn. (floatation of common shares of the 2nd, and the 3rd issues), total sum of income - by 218.0 m. and savings in funds and reserves - by 52.5 m.; - assets - by KZT30.8 bn., including: net-volume of loan portfolio - by 16.9 bn., securities in the bank's portfolio - by 9.0 bn., sums on accounts in other banks - by 3.2 bn. and other assets - by 1.7 bn.; - liabilities - by KZT28.6 bn. that was caused by increase of placed in the bank deposits by 23.1 bn., borrowed loans - by 2.1 bn., other liabilities - by 500.9 m. and floatation of bonds for 2.9 bn.; - total revenues - by KZT2.4 bn. (including on loan operations - by 1.6 bn.); - expenses - by KZT2.2 bn. (of them: on placed in the bank deposits - by 949.8 m., assignments on reserves - by 489.4 m.). Net income, which Alliance Bank OJSC received within 9 months of 2003, exceeded net income of similar period of 2002 by KZT218.0 m. (18.4 times). [2003-10-30]