Results of activity of Temirbank OJSC (Kazakhstan) for the 9 MONTHS of 2003

/IRBIS, November 6, 03/ - Temirbank OJSC (Almaty), whose securities are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with the financial statement 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) 1,400,000 2,728,168 +91.4 Shareholders' equity 2,457,362 3,984,818 +62.2 Total assets 26,046,644 29,079,418 +11.6 Liquid assets 7,163,387 9,492,768 +32.5 Credits granted (net) 17,515,424 16,796,608 -4.1 Liabilities, total 23,589,282 25,094,600 +6.4 Deposits placed in the bank 15,658,383 16,841,015 +7.6 Attracted credits 5,887,322 5,588,890 -5.1 Issued bonds 1,644,119 1,843,626 +12.1 Total revenues 3,855,442 3,512,675 -8.9 General expenses 3,660,507 3,357,248 -8.3 Net income for the period 194,935 155,427 -20.3 Book value of one share, KZT 1,755.26 N/A - -------------------------------------------------------------- Relative to similar period of 2002 there are following changes: - shareholders' equity of the bank (according to balance sheet) increased by KZT1.5 bn as the result of increase of the paid part of authorized capital (floatation of common shares of the 11th issue)by 1.3 bn (taking into consideration additional capital as of October 1, 02), total sum of retained earnings - by 240.9 m, whereas there took place decrease of savings in funds and reserves by 16.5 m; - assets rose by KZT3.0 bn, including: amounts at corresponding accounts and deposits with other banks - by 1.5 b., securities in the bank's portfolio- by 474.8 m, cash - by 336.8 m, investments in capital - by 496.1 m and other assets - by 925.8 m; whereas net-volume of loan portfolio decreased by KZT718.8 m - liabilities increased by KZT1.5 b. due to increase of placed with the bank deposits by 1.2 bn, and floated bonds by 199.5 m and other liabilities - by 428.6 m, whereas there took place decrease of attracted credits - by 298.4 m; - revenues decreased by KZT342.8 m; - expenses increased by KZT303.3 m. Net income, which Temirbank OJSC received in the 9 months of 2003, decreased relative to similar period of 2002 by KZT39.5 m. [2003-11-06]