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

/IRBIS, November 3, 03/ - KAZKOMMERTSBANK 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, which had been prepared in compliance with international accounting standards. The following indicators are results 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 ------------------------------------------------- ----------- ----------- Authorized capital (incl. additional capital) 8,974,357 13,473,503 Shareholders' equity (according to Balance Sheet) 24,786,134 43,092,769 Total assets 243,054,984 396,020,531 Liquid assets 54,453,670 152,213,296 Loans to clients (net) 164,495,997 232,247,446 Total liabilities 218,268,850 352,927,762 Clients' accounts and deposits 153,555,957 300,837,868 Borrowed loans (including bonds) 48,284,595 42,797,957 Total revenues 24,700,691 30,236,469 General expenses 19,621,423 23,947,714 Net income for the period 5,079,268 6,288,755 Book value of one share, KZT 70.82 N/A --------------------------------------------------------------------------- * - given in accordance with data of financial statements, 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 9 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 have significant differences. [2003-11-03]