Results of activity of BANK CASPIAN OJSC (Kazakhstan) for the 9 months of 2003

/KASE, October 31, 03/ - BANK CASPIAN OJSC (Almaty), whose securities are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with the financial statements for the 9 months 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 data (in th. KZT, unless otherwise specified): ------------------------------------------------------------------------------- As of As of Indicator Oct 1, 02 Oct 1, 03 Change,% --------------------------------------------- ---------- ---------- -------- Authorized capital (paid excluding withdrawn) 1,041,554 3,158,116 +203.2 Shareholders' equity 2,262,903 4,965,781 +119.4 Total assets 25,145,506 51,268,586 +103.9 Liquid assets 5,749,912 12,382,985 +115.4 Loans (net) 17,710,280 35,096,535 +98.2 Total liabilities 22,882,603 46,302,805 +102.3 Deposits placed with the bank 17,514,227 30,336,626 +73.2 Attracted credits 2,448,908 8,589,878 +250.8 Issued bonds 2,365,356 5,256,485 +122.2 Total revenues 2,390,470 4,214,407 +76.3 General expenses 1,959,755 3,567,526 +82.0 Net income for the period 430,715 646,881 +50.2 Book value of one share, KZT 456.25 N/A - ------------------------------------------------------------------------------- Relative to similar period of 2002 there is increase of: - shareholders' equity of the bank (according to balance sheet) - by KZT2.7 bn as the result of increase of the paid in part of authorized capital (including additional capital as of October 1, 02) by KZT1.8 bn (issue of new shares), total sum of undistributed income - by 642.1 m, and savings in funds and reserves - by 288.6 m; - assets - by KZT26.1 bn, including: net-volume of loan portfolio - by 17.4 bn, securities in the bank's portfolio - by 4.3 bn, residual value of fixed assets - by 1.1 bn, amounts at corresponding accounts - by 2.1 bn and other assets - by 1.3 bn; - liabilities - by KZT23.4 bn that was caused by growth of the volume of accounts and attracted deposits by 12.8 bn, attracted loans - by 6.1 bn, floated bonds - by 2.9 bn, and other liabilities - by 1.6 mn; - total revenues - by KZT1.8 bn (including on loan operations - by 1.7 mn); - expenses - by KZT1.6 bn (on placed with the bank deposits - by 638.3 m). Net income, which BANK CASPIAN OJSC received according to results of the 9 months of 2003, exceeded net income of similar period of 2002 by KZT216.2 m. [2003-10-31]