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

/IRBIS, November 12, 03/ - Nurbank OJSC (Almaty), whose bonds are circulating in Kazakhstan stock exchange's 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 information (in th. KZT, unless otherwise specified): -------------------------------------------------------------- As of As of Indicator Oct 1, 02 Oct 1, 03 Change,% ---------------------------- ---------- ---------- -------- Authorized capital (paid) 2,711,378 3,000,000 +10.6 Shareholders' equity 5,399,235 6,929,905 +28.3 Total assets 28,858,897 50,160,748 +73.8 Liquid assets 10,662,062 17,493,645 +64.1 Credits granted (net) 14,676,265 29,478,525 +100.9 Total liabilities 23,459,662 43,230,843 +84.3 Deposits placed in the bank 19,535,723 34,124,417 +74.7 Attracted credits 1,432,421 1,461,871 +2.1 Issued bonds 847,996 5,094,626 +500.8 Total revenues 3,488,791 6,046,273 +73.3 General expenses 2,697,719 4,641,498 +72.1 Net income for the period 791,072 1,404,775 +77.6 Book value of one share, KZT 19,913.09 23,099.68 +16.0 -------------------------------------------------------------- Relative to similar period of 2002 there is increase of: - shareholders' equity of the bank (according to balance sheet) - by KZT1.5 bn as the result of increase of paid part of authorized capital by 288.6 m, savings in funds and reserves - by KZT635.2 m, and total sum of retained earnings - by 606.9 m; - assets - by KZT21.3 bn, including: net-volume of loan portfolio - by 14.8 bn, sums on correspondent accounts and deposits with other banks - by 2.6 bn, securities in the bank's portfolio - by 3.4 bn, and other assets - by 544.8 m; - liabilities - by KZT19.8 bn, of them: deposits placed with the bank - by 14.6 bn, liabilities on bonds - by 4.3 bn and other liabilities - by 935.8 m; - total revenues - by KZT2.6 bn (including from loan operations - by 931.0 m and extraordinary gain - by 796.6 m); - expenses - by KZT1.9 bn (on clients' deposits - by 434.6 m, assignment on provisions - by 890.5 m). Net income earned by Nurbank OJSC in the 9 months of 2003, increased in comparison with similar period of 2002 by KZT613.7 m. [2003-11-12]