Results of activity of Development Bank of Kazakhstan CJSC (Kazakhstan) for 9 months of 2003

/IRBIS, November 11, 03/ - Development Bank of Kazakhstan CJSC (Astana), whose bonds are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with the financial statement for 9 months of 2003, which was prepared in compliance with international standards. The following indicators are results of the bank's financial and economic activity for 9 months of 2003, based upon the bank's information (in th. KZT): ----------------------------------------------- As of As of Indicator Oct 1, 02* Oct 1, 03 ------------------------- ---------- ---------- Authorized capital (paid) 30,000,000 37,700,000 Shareholders' equity 31,085,289 41,728,897 Book value assets 40,231,091 61,348,043 Liquid assets 31,650,293 37,528,538 Credits granted (net) 6,015,525 15,872,331 Total liabilities 9,145,802 19,619,146 Attracted credits 4,332,159 0 Issued bonds 4,581,732 19,504,065 Total revenues 2,486,174 3,617,039 General expenses 873,157 2,398,544 Net income for the period 1,613,017 1,218,495 ----------------------------------------------- * - presented from the financial statements, prepared in compliance with Kazakhstan accounting standards and banking legislation of the Republic of Kazakhstan. Comparative analysis of financial results of Development bank of Kazakhstan for 9 months of 2002 and 2003 is not presented due to the fact that financial statements for these periods were prepared in accordance with different accounting standards, which have significant changes. Primary activity - rendering of banking activities (excepting attracting of deposits and opening of accounts for physical and juridical entities, excluding opening and maintaining of accounts of conditional deposits, reserve accounts in compliance with agreements on loans that are guaranteed by the state, bank accounts for registering the bank's loans, other loans and funds of the republican and local budgets, in order to make payments and money transfers, which are provided by agreements, which have been made in compliance with investment projects and export operations, which are served by the bank). [2003-11-13]