Bank CenterCredit OJSC (Kazakhstan) informed about preliminary results of activity in 2003

/IRBIS, Assel Omarova, January 29, 04/ - Bank CenterCredit OJSC (Almaty), whose securities are circulating in the official "A" listing category of Kazakhstan stock exchange JSC (KASE), today spread press-release, which contained preliminary data about main results of results of its activity in 2003. It's informed that according to preliminary results of non-audited financial statement non-consolidated net income of Bank CenterCredit OJSC increased in 2003 by 73% and equaled by January 1 of 2004 to KZT1,237 m. Assets of the bank rose within the same period by 62% to KZT82.7 bn. Shareholders equity of the bank equaled by January 1 of 2004 to KZT10.8 bn., at that, in comparison with data as of January 1 of 2003 this indicator has grown by 75%. In accordance with the development strategy Bank CenterCredit OJSC intends to continue the active promotion to the development of small and medium business and formation of medium class of Kazakhstan. "For these purposes in 2004 the bank plans to spend significant resources for further development of infrastructure and range of services, improvement of service quality and introduction of innovations", - the message says. According to bank's data as of January 1 of 2004 Bank CenterCredit OJSC had 19 branches and 73 cash-settlement offices on the whole territory of Kazakhstan. This network provides for bank's presence in 30 cities and 100 settlements of the country. On December 16 of 2003 in Brussels (Belgium) at the next 27th EuroMarket Forum dedicated to the theme "Financing of projects and investing into developing markets", in accordance with results of researches held by European market center Honorary Council of ERMC assigned to Bank CenterCredit OJSC award "Premium Euromarket-2003" in nomination "The best bank for small and medium business". Bank CenterCredit OJSC has long-term rating of bank deposits in foreign currency Ва2 from Moody's Investors Service and long-term rating В+ from Fitch Ratings. [2004-01-29]