TEMIRBANK OJSC: brief outline

/IRBIS, Aug. 7, 00/ - Below is the brief outline of TEMIRBANK OJSC (Almaty) presented using KASE Listing Commission report. Description is published in connection with admission of TEMIRBANK bonds into official list of securities, category "A". GENERAL INFORMATION Date of initial registration - March 26, 1992. Date of latest government registration March 21, 1996. Juridical form - Open joint-stock company. Type of ownership - private. Legal address of the office: 80, Shevchenko St., 480091, Almaty, Kazakhstan. Actual address - 68/74 Abay av. 480008 Almaty. Type of activity - banking services. Temirbank is a member of KASE, Securities Depository, System of large payments of Kazakhstan interbank settlement centre (KISC), Banking Association, GATU (REMART) electronic system, S.W.I.F.T. international payment system. Number of employees as of July 01, 2000 - 950. LICENSES - NBK license on conduction of banking operation in tenge, forex, and refined precious metals #107 dated Feb. 11, 2000. - License of NSC to conduct broker dealer activity on the securities market with account maintaining right as a nominal holder, #0401100243 (first category license) dated Apr. 21, 2000. - NSC license on conduction of custodian activity on the securities market, #20060006 dated Feb. 13, 2000. CAPITAL AND SHAREHOLDERS As of July 01, 2000 announced authorised capital is KZT1.4 mln and is fully paid up. Total number of shares of KZT1000.0 face value is 1,400,000 including ordinary registered - 1,390,000 and preference registered - 10,000. Kazregister LLP is executing maintenance of the companyТs registrar. As of Aug. 01, 2000 total number of shareholders reached 26,891 including 324 legal entity and 26,567 individuals. Stakes of following companies exceeding 5% limit: Technomarket LLP (Almaty, Kazakhstan, 300,000 shares for 21.4% ), Dostar-Capital (Almaty, Kazakhstan, 200,000 shares for 14.3%), Koboda LLP (Almaty, Kazakhstan, 200,000 shares for 14.3%), KFK Medservice Plus LLP (Almaty, Kazakhstan, 160,000 shares for 11.4%). HISTORY AND BRIEF OUTLINE Temirbank OJSC, originally - joint stock commercial railroad bank Temirbank (Temirbank JSRB), was founded on March 26, 1992 as a specialized bank for financial servicing of Kazakhstan railroads and related enterprises. Founders of Temirbank JSRB were 20 large state enterprises such as Administration of Alma-Ata, Western Kazakhstan, Tzelinaya railroads, Akmola flying order, лAlma-Atagiprotrans» Institute and others. During the first year of banking 15 branches were opened, and by 1994 a branch network, which covered practically all regions of the Republic and embodying 23 branches, have been formed. By the end of 1995, bank privatisation was finished and on March 21, 1996 bank was re-registered with justice bodies as Temirbank OJSC. After the privatisation the bank was developing as a universal financial institution providing wide range of services and serving clients from different sectors of the economy. Owing to an individual approach and high quality of services, Temirbank significantly enlarged its clientele in short notice. Among the clients of the bank are large enterprises of transportation, power, oil, mining industries and trade, and from other sectors of the economy. By the resolution of the National Securities Commission of Kazakhstan of August 11, 1999 Temirbank OJSC was given a status of peopleТs open joint stock company. On Dec. 11, 1998 Тhomson Bank Watch given "B" long term credit to the bank. On Nov. 22, 1999 Тhomson Bank Watch confirmed international credit rating of LC-3 (short-term in local currency) and "B" long term. TEMIRBANK OJSC is the fourth among private banks in number of branch offices (25) and cash-settlement departments (8). Bank takes part in obligatory deposit insurance scheme. In June 2000, the bank was included by NBK in the list of banks which can hold on their deposits pension assets. Main source of deposit attraction for TEMIRBANK OJSC is clients deposits. Volume of deposit operations increased 4.5 times for 1999. Total amount of raised deposits increased 1.7 times and amounted to KZT6 bln. (in the first six months deposits grew by 25.4% and amounted KZT8 bln.). Accounting balances of individual depositors grew by 81.4% in 1999 (first six month by 40.3%). As of Jan. 1, 2000 volume of loan portfolio amounted KZT5.7 bln and increased 2.3 times. Loan portfolio as of July 1, 2000 is more than KZT7.7 bln. During 1999 bank distributed KZT14.3 bln of loans that is 83% higher than in 1998. Data on loan portfolio are presented in the table: ---------------------------------------------------------- as of as of as of as of Loans 01.07.98 01.01.99 01.01.00 01.07.00 ---------------------------------------------------------- Standard 66,91% 66,90 61,15% 69,43% Sub-standard 21,14% 23,04 34,16% 24,06% Non-satisfactory 9,22% 2,73 2,50% 4,37% Doubtful high risk 1,12% 1,36 0,49% 0,45% Bad debts 1,61% 5,97 1,70% 1,69% ----------------------------------------------------------