/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):

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                                   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
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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]