Results of OJSC "Neftebank" (Kazakhstan) in 1999

/KASE, July 10, 00, Galina Chudinova/ - OJSC "NEFTEBANK" (Aktau, official list of securities, category "B") in accordance with the listing requirements provided Kazakhstan stock exchange (KASE) with its 1999 financial statements: balance sheet, income and cash flow statements. Following are 1999 results of the issuer (in th. KZT): ---------------------------- --------------- -------------- --------- Indicator As of Jan.1,99 As of Jan.1,00 Change, % Authorized capital (paid) 479,197 544,773 +13.7 Shareholders' equity 852,006 1,026,114 +20.4 Total assets 1,566,121 2,458,932 +57.0 Liquid assets 258,853 545,793 +110.9 Loans and deposits 683,900 1,405,519 +105.5 Loans granted 1,078,699 1,433,382 +32.9 Operating income 634,016 490,011 -22.7 General expenses 544,249 448,904 -17.5 Net income of the period 89,767 41,107 -54.2 ---------------------------- --------------- -------------- --------- Calculated based on the data of the issuer: ---------------------------- --------------- -------------- --------- Return on equity (ROE), % 10.54 4.01 -62.0 Return on assets (ROA), % 5.73 1.67 -70.8 Earnings per share (EPS), KZT 187.33 75.46 -59.7 Price earnings ratio (Р/Е) 5.34 13.25 +148.3 Book value of a share, KZT 1,777.99 1,883.56 +5.9 ---------------------------- --------------- -------------- --------- Compared to 1998 growth took place in: - shareholders' equity of the bank - by KZT174.11 mln, or 20.4% (increase in paid portion of the authorized capital - by KZT65.58 mln, fund for re- evaluation of fixed assets - by KZT161.90 mln, with the decrease in undistributed income - by KZT53.23 mln and reserve fund - KZT0.14 mln); - assets - by KZT892.81 mln, or 57.0%; - liabilities - by KZT718.70 mln, or 100.6%; Operating income of the bank fell by KZT144.00 mln, or 22.7% relative to 1998, expenses - by KZT95.34 mln, or 17.5%. Net income of OJSC "Neftebank" in 1999 fell by KZT48.66 mln, or 54.2% to previous year, at KZT41.11 mln. Following table contains the dynamics of some indicators of OJSC "Neftebank" in 1999 on a quarterly, non-accruing basis (in mln KZT): ---------------- ----- ------ -------- ------ -------- ------ -------- Indicator I-99 II-99 Change,% III-99 Change,% IV 99 Change,% Client deposits -75.58 309.98 +510.1 73.16 -76.4 134.34 +83.6 Operating income 108.01 176.49 +63.4 88.48 -49.9 117.03 +32.3 Net income -13.79 59.85 +534.1 7.64 -87.2 -12.59 -264.9 ---------------- ----- ------ -------- ------ -------- ------ --------