Results of OJSC "Komirbank" (Kazakhstan) in 1999

/KASE, Apr.25, 00/ - According to listing requirements, OJSC "KOMIRBANK" (Almaty, official list of securities, category "A") provided Kazakhstan Stock Exchange (KASE) with its financial statements for the year 1999: balance sheet, income statement, and cash flow statement. Following are the results of economic and financial activity of the issuer in 1999 (in th. KZT): As of As of Change, Index January 1 '99 January 1 '00 % ------------------------------------- ------------- ------------- ------- Authorized capital (nominal value) 1,000,000 1,500,000 +50.0 Shareholders equity 1,053,690 1,559,653 +48.0 Total liabilities 353,080 3,005,173 +751.1 Total assets 1,406,770 4,564,826 +224.5 Liquid assets 135,383 953,731 +604.5 Loans and deposits 293,069 1,515,271 +417.0 Loans granted 1,105,993 2,017,331 +82.4 Income from operating activities 263,342 589,080 +123.7 General expenses 244,241 562,730 +130.4 Net income 19,101 26,350 +38.0 ------------------------------------- ------------- ------------- ------- Calculations based on issuer's data: ------------------------------------- ------------- ------------- ------- Return on equity (ROE), % 1.81 1.69 -6.8 Return on assets (ROA), % 1.36 0.58 -57.5 ------------------------------------- ------------- ------------- ------- Compared to 1998 growth has been observed in: - equity of the bank - by KZT505.96 mln, (including, increase in authorized capital - by KZT500.0 mln, as a result of incorporation of OJSC "Latur Aliyance Bank", undistributed income - by KZT23.11 bln, and decrease in accumulations in the funds - by KZT17.15 mln,); - assets - by KZT3.16 bln; - liabilities - by KZT2.65 bln; - operating income - by KZT325.74 mln; - expenses - by KZT318.49 mln. Net income of OJSC "KOMIRBANK" in 1999 equaled KZT26.35 mln, that is KZT7.25 mln, or 38.0% more than in 1998. Dynamics of some of the indicators of OJSC "KOMIRBANK" are shown in the next table on quarterly non-accruing basis (in mln KZT): Change, Change, Change, Indicator I-99 II-99 % III-99 % IV-99 % ---------- ------- ------- ------- ------- -------- -------- -------- Client deposits -66.23 137.96 +308.3 -46.40 -133.6 1,072.04 +2,410.4 Operating income 95.65 177.36 +85.4 228.96 +29.1 87.12 -61.9 Net income 1.89 1.50 -20.7 134.18 +8,839.3 -111.22 -182.9 ---------- ------- ------- ------- ------- -------- -------- -------- Since Jan.21,00, coupon bonds of OJSC "KOMIRBANK" (code: KOMBb) have been traded on non-listing floor of KASE. Included in official list of securities of category "A" at Feb.11,00. On March 17, LLP "Tasbaka Asset Management" (Almaty) became a market-maker of registered coupon bonds of the bank. Since the moment of secondary market circulation of the bonds on trade-floors of KASE they have been traded 8 times.