Results of activity of BANK CASPIAN OJSC (Kazakhstan) for 2002

/KASE, April 15, 03/ - BANK CASPIAN OJSC (Almaty), whose securities are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with the financial statement for 2002: balance sheet, income statement and cash flow statement. The following indicators are results of the bank's financial and economic activity for 2002, based upon the bank's information (in th. KZT, unless otherwise specified): ---------------------------------------------------------------------- As of As of Indicator Jan 1, 02 Jan 1, 03 Change,% ------------------------------------ ---------- ---------- -------- Issued authorized capital 993,224 1,322,714 +33.2 (paid excluding with drawn) Shareholders' equity 1,597,322 2,956,194 +85.1 Total assets 15,025,596 29,021,967 +93.2 Liquid assets 5,498,675 7,038,590 +28.0 Credits granted (net) 8,472,235 19,410,917 +129.1 Total liabilities 13,428,274 26,065,773 +94.1 Loans and deposits (including bonds) 12,354,851 22,259,540 +80.2 Issued bonds 844,450 2,411,186 +185.5 Total revenues 2,632,283 3,888,578 +47.7 General expenses 2,312,429 3,210,218 +38.8 Net income 319,854 678,360 +112.1 ---------------------------------------------------------------------- It's been calculated according to issuer's data: ---------------------------------------------------------------------- Return on equity (ROE), % 20.02 22.95 +14.6 Return on assets (ROA), % 2.13 2.34 +9.8 Earnings per share (EPS), KZT* 68.77 109.66 +59.5 Price earnings ratio (Р/Е)* - 1.28 - Book value of one share, KZT 337.73 469.34 +39.0 ---------------------------------------------------------------------- * - earnings per share (EPS) and price earnings ratio P/E as of January 1 of 2003 have been calculated without taking into account dividends on privileged shares, which will be determined alter at the general annual shareholders meeting of the bank. Relative to 2001 there is increase of: - shareholders' equity of the bank - by KZT1.4 bn as the result of increase of total sum of undistributed income - by 558.0 m, additional capital - by KZT353.0 m, paid part of authorized capital by KZT329.5 m, savings in funds and reserves - by 118.4 m; - assets - by KZT14.0 bn, including: net-volume of loan portfolio by 10.9 bn, securities in the bank's portfolio - by 3.3 bn, whereas there took place decrease of other assets - by 285.1 m; - liabilities - by KZT12.6 bn that was caused by growth of the volume of attracted deposits by 8.8 bn, floated bonds - by 1.6 bn, other borrowings - by 2.5 bn, whereas there took place decrease of other liabilities by 215.5 m; - revenues - by KZT1.3 bn; - expenses - by KZT897.8 m. Net income, which BANK CASPIAN OJSC received according to results of 2002, increased by KZT358.5 m in comparison with income for 2001. The table below shows dynamics of some indicators of BANK CASPIAN OJSC for 2002 by quarters by non-growing total (in m. KZT): ----------------------------------------------------------------------------------- Change, Change, Change, Indicator I-2002 II-2002 % III-2002 % IV-2002 % ------------------ -------- ------- ------- -------- ------- ------- ------- Change of deposits -1,038.3 5,597.8 +639.1 2,345.7 -58.1 1,903.0 -18.9 Total revenues 767.3 710.5 -7.4 912.7 +28.5 1,498.1 +64.1 Net income 72.3 88.3 +22.2 270.1 +205.7 247.6 -8.3 ----------------------------------------------------------------------------------- [2003-04-15]