/KASE, September 30, 02/ - Nurbank OJSC (Almaty), whose bonds are circulating under the stock exchange's official "A" listing category, provided KASE with the financial statement for the first half year of 2002: the balance sheet and income statement.

The following indicators are results of the bank's financial and economic activity in the first six months of 2002, based upon the bank's information (in th. KZT):

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                                As of       As of
Indicator                 July 01, 01 July 01, 02 Change,%
------------------------- ----------- ----------- --------
Authorized capital (paid)   2,700,000   2,711,400     +0.4
Shareholders' equity        4,184,230   5,227,864    +24.9
Total assets               20,537,908  24,352,822    +18.6
Liquid assets              11,396,102   8,649,634    -24.1
Credits granted (net)       6,974,873  13,153,138    +88.6
Total liabilities          16,353,678  19,124,958    +16.9
Loans and deposits         15,575,095  18,161,678    +16.6
Total revenues              1,806,078   2,321,547    +28.5
General expenses            1,085,539   1,662,921    +53.2
Net income for the period     720 539     658 626     -8.6
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Relative to similar period of 2001 there is increase of:

• Shareholders' equity of the bank - by KZT1.0bn as the result of increase of paid part of authorized capital by KZT11.4bn, funds and reserves - by KZT1.1bn whereas there took place decrease of total sum of undistributed income by KZT61.8m;
• assets - by KZT3.8bn, including: net-volume of loan portfolio - by KZT6.2bn, other assets - by KZT434.5m whereas there took place decrease of sums on correspondent accounts by 1.6bn and securities in the bank's portfolio - by 1.2bn;
• liabilities - by KZT2.8bn, that was caused by increase of the volume of attracted deposits - by KZT2.0bn, loans - by 448.7m and other liabilities - by 284.7m;
• Revenues - by KZT515.5m;
• Expenses - by KZT577.4m.

Net income received by Nurbank OJSC by the results of the first half year of 2002 decreased by KZT61.9m relative to similar period of 2001.

[2002-09-30]