Results of BANK TURANMALEM (Kazakhstan) for 1999

/KASE, March 16, 00, Galina Chudinova, Galina Tsaluk/ - According to the KASE listing requirements JSC BANK TURANMALEM (Almaty, official list of securities, category "A") provided the Kazakhstan Stock Exchange (KASE) with financial reports for October 01, 99: balance sheet, income statement and cash flow. Following are the emitter's results for 1999. All figures are given in tenge and as against of 1998. On Jan.01, On Jan.01, Increase / Indicator 1999, '000 2000, '000 decrease, % ------------------------------------- ---------- ---------- ----------- Authorized announced capital 8 870 230 12 870 230 +45.1 Authorized paid-up capital 8 870 230 9 696 690 +9.3 Shareholders equity 4 362 594 5 676 919 +30.1 Total assets 19 003 331 46 891 241 +146.8 Quick assets 4 197 064 11 544 109 +175.1 Loans and deposits 13 946 568 35 243 501 +152.7 Credits granted 11 405 038 27 921 684 +144.8 Income from operating activities 5 081 951 8 170 250 +60.8 Total expenses 3 214 253 7 283 955 +126.6 Net income (loss) 1 867 698 886 295 -52.5 ------------------------------------- ---------- ---------- ----------- Calculated using the emitter's data: ------------------------------------- ---------- ---------- ----------- Return on capital (ROE), % 42.81 15.61 -63.5 Return on assets (ROA), % 9.83 1.89 -80.8 Net income per share (EPS), tenges 2 105.58 914.02 -56.6 Book value of share, tenges 4 918.24 5 854.49 +19.0 - Shareholders equity increased by 1.31 billion or 30.1%, that was stipulated by 5th shares issue to the sum of 826.46 million, increase in undistributed profit - by 886.30 million, at decreasing in revaluation fund - by 399.33 million. - Bank's assets has increased by 27.89 million or by 146.8%. - Total liabilities has increased by 26.57 million or by 181.5%. - Income from operating activity has increased by 3.09 or by 60.8%. - Total expenses have increased by 4.07 million or by 126.6%. Net income has made 886.30 million, which is by 981.40 million or 52.5% less than in 1998. Dynamics of some parameters are shown in the table below. Index I-99 II-99 Change, % III-99 Change, % IV-99 Change, % ---------- ------- ------- --------- ------- --------- ------- --------- Clients' deposits 527.9 8 860.5 +1 578.5 4 802.4 -45.8 609.7 -87.3 Operating income 1 284.5 1 572.8 +22.4 2 124.9 +35.1 3 188.0 +50.0 Net income 259.2 241.8 -6.7 251.5 +4.0 133.9 -46.8 ---------- ------- ------- --------- ------- --------- ------- ---------