/KASE, Apr 28, 01/ - Halyk Bank of Kazakhstan OJSC (Almaty) provided the Kazakhstan Stock Exchange (KASE) with its financial statements for 2000: balance sheet, income statement.

Following are the results of the company in 2000 by the data of the issuer (in th. KZT unless otherwise specified):

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                                              As of        As of  Change,
Ratio                                     Jan.1 '00    Jan.1 '01        %
---------------------------------------  ----------  -----------  -------
Authorized capital (registered)           3,615,067    5,422,600    +20.0
Authorized capital (paid)                 3,615,067    5,422,600    +20.0
Shareholders' equity                      5,755,792    8,069,433    +40.1
Book value of the assets                 57,160,094  103,515,404    +81.1
Liquid assets                            24,072,156   41,362,865    +71.8
Loans and deposits (incl. Issued bonds)  47,993,148   83,320,461    +73.6
Loans granted                            20,577,670   50,421,161   +145.0
Operating income                         13,770,106   14,814,023     +7.6
General expenses                         13,139,724   14,357,167     +9.3
Net income of the period                    630,382      456,856    -27.5
---------------------------------------  ----------  -----------  -------
Calculated based on issuer's data:
---------------------------------------  ----------  -----------  -------
Return on assets (ROA), %                      1.10         0.44    -60.0
Return on equity (ROE), %                     10.95         5.66    -48.3
Earnings per share (EPS), KZT                 17.44         8.43    -51.7
Price earning ratio (P/E)                     15.46        14.20     -8.1
Book value of share, KZT                     159.22       148.74     -6.6
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Compared to 1999 growth took place in:

• shareholders' equity by KZT2.3 bln, or 40.1% (authorized capital increased as a result of fourth share issue floatation by KZT1.8 bln, additional capital - by KZT361.5 mln, accumulations in the funds - by KZT220.1 mln, with the decrease in final amount of undistributed by KZT79.5 mln);
• assets by KZT46.4 bln, or 81.1% (including, loan portfolio - by KZT29.8 bln, securities portfolio - by KZT13.6 bln, amounts in correspondent accounts - by KZT1.4 bln, other assets - by KZT1.6 bln);
• liabilities by KZT44.0 mln, or 85.7% (including, deposits - by KZT32.0 bln, issued bonds - by KZT2.3 bln, other borrowings - by KZT9.7 bln);
• operating income by KZT1.0 bln, or 7.6% as a result of an increase in income from lending and financing activities, commissions;
• expenses by KZT1.2 bln, or 9.3% due to an increase in deposit payments and tax payments.

Net income, received by Halyk Bank of Kazakhstan OJSC in 2000, equaled KZT456.9 mln, which is KZT173.5 mln or 27.5% less than it received in 1999.

Following is the table that shows the dynamics of bank's indicators during the year 2000 on a quarterly and non-accruing sum basis (in mln KZT, unless otherwise specified):

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Indicator          I-2000   II-2000  Ch., %  III-2000  Ch., %   IV-2000  Ch., %
----------------  -------  --------  ------  --------  ------  --------  ------
Client deposits   4,075.6  12,988.4  +418.7   4,959.2   -61.8  18,086.2  +264.7
Operating income  3,421.2   3,124.9    -8.7   3,518.8   +12.6   4,749.1   +35.0
Net income           89.5     -11.2  -112.5      78.5  +801.3     300.0  +282.2
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Now, common inscribed shares (KZ1C33870410, trade code - HSBK) of Halyk Bank of Kazakhstan OSJC are traded within official list of the KASE securities under category "A", which were entered into the KASE lists on July 29, 1998.

From June 27, 2000 inscribed coupon bonds (KZA7KAKK6A78, HSBKb, June 20, 00 - June 20, 07, $100, $16.0 mln, semiannual coupon at 11.8% APR) of the bank were entered into the official list of the KASE securities under category "A".

Halyk Bank of Kazakhstan OJSC now has following credit ratings:

• Moody's Investors Service, Inc. - short-term B2, long-term NP in hard currency deposits, bank's financial strength rating (BFSR) D and long- term unsecured debt rating Ba3 (based on sovereign ceiling);
• Standard & Poor's Rating Services - long-term B and counteragent B;
• Thomson Bank Watch - BREE - risk level of the issuer on international market IC- B/C, short-term deposits in national currency LC-1.

Market capitalization of Halyk Bank of Kazakhstan OJSC as of Apr 27, 01 is estimated at $45.1 mln at the KASE.