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

/IRBIS, November 3, 03/ - Tsesnabank OJSC (Almaty), whose shares have been included into Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with 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 information (in th. KZT, unless otherwise specified): ----------------------------------------------------------- As of As of Indicator Oct 1, 02 Oct 1, 03 Change,% ----------------------------- --------- ---------- -------- Authorized capital (paid) 531.067 531.067 0.0 Shareholders' equity 1,006,971 1,287,845 +27.9 Total assets 8,870,321 12,030,093 +35.6 Liquid assets 2,732,044 3,675,541 +34.5 Credits granted (net) 5,661,337 7,644,943 +35.0 Total liabilities 7,863,350 10,742,248 +36.6 Deposits placed with the bank 6,959,396 8,705,113 +25.1 Borrowed loans 702,293 1,861,644 +165.1 Total revenues 1,071,084 1,321,364 +23.4 General expenses 866,936 1,131,055 +30.5 Net income for the period 204,148 190,309 -6.8 Book value of one share, KZT 1,896.13 2,425.01 +27.9 ----------------------------------------------------------- Bank's shareholders equity, which is calculated in compliance with the Rules "About prudential norms" of the National Bank of Kazakhstan, as of October 1 of 2003 was KZT1,675,567 th. Relative to corresponding period of 2002 there is increase of: - shareholders' equity of the bank (according to balance sheet) - by KZT280.9 m. as the result of increase of total sum of undistributed income by the same sum; - assets - by KZT3.2 bn., including: net-volume of loan portfolio - by 2.0 bn., securities in the bank's portfolio - by 1.6 bn., whereas there took place decrease of other assets by 410.9 m.; - liabilities - by KZT2.9 bn. of them: deposits, which were placed with the bank, - by 1.7 bn. and borrowed loans - by 1.2 bn. that was partially compensated by decrease of other liabilities by 26.2 m.; - total revenues - by KZT250.3 m.; - expenses - by KZT264.1 m. Net income earned by Tsesnabank OJSC in the 9 months of 2003, decreased in comparison with a corresponding period of 2002 by KZT13.8 m. [2003-11-03]