AMB CJSC (Kazakhstan): financial indices

/IRBIS, Sep 27, 00/ - Following are financial and economic ratios of AMB CJSC. It is made by the data of the Listing Commission of Kazakhstan Stock Exchange (KASE). Description is published in connection with admission of teh bank bonds into official list of securities, category "A". These financial statements were made in accordance with the Kazakhstan accounting standards (KAS) as well as banking regulation and normative documents of NBK. International auditing of the bank has executed since 1996 by Arthur Andersen (Almaty, Kazakhstan). FINANCIAL STATEMENT DATA PRESENTED BY THE ISSUER Following is the table created by the KASE specialists based on financial statements of AMB CJSC (in th. KZT, unless otherwise specified). Statements were compiled according to the NBK requirements. ------------------------------------------------------------------------------ As of As of As of As of Index Jan.1 '98 Jan.1 '99 Jan.1 '00 July.1 '00 -------------------------------- --------- --------- ---------- ---------- Authorised capital 275,000 856,350 856,350 856,350 Shareholders' equity 453,047 1,015,517 1,492,313 1,638,609 Total assets 4,626,951 4,675,647 11,897,245 16,295,147 Liquid assets 2,541,547 2,541,535 6,145,982 8,150,787 Credits granted (net) 1,767,779 1,510,829 4,692,956 6,580,958 Loans and deposits 4,003,102 3,455,207 10,041,883 12,895,481 Income from operating activities 741,747 1,359,394 2,176,454 1,550,036 Net profit 144,711 355,255 476,999 146,475 Return on assets (ROA), % 3.13 7.60 4.01 0.90 Return on equity (ROE), % 31.94 34.98 31.96 8.94 ------------------------------------------------------------------------------ AUDITING REPORT DATA Following is the table created by the KASE specialists based on auditing report of "Arthur Andersen" (in th. KZT, unless otherwise specified). ----------------------------------------------------------- As of As of As of Index Jan.1 '98 Jan.1 '99 Jan.1 '00 ------------------------- --------- --------- ---------- Authorised capital (paid) 275,000 856,350 856,350 Shareholders' equity 411,705 952,118 1,424,687 Total assets 4,520,222 4,631,225 11,676,981 Liquid assets 2,515,283 2,513,518 6,138,724 Loans to banks 151,100 - - Loans to clients 1,559,781 1,489,323 4,557,190 Debt to bank 382,876 516,486 1,577,276 Debt to other credit institutions - 556,325 438,847 Debt to clients 3,713,455 2,534,144 7,407,978 Subordinated debt* - - 691,000 Net profit 121,494 333,063 472,569 Return on assets (ROA), % 2.69 7.19 4.05 Return on equity (ROE), % 29.51 34.98 33.17 ----------------------------------------------------------- * By the data of auditor as of Oct 01, 1999, the bank signed an agreement with foreign company on attraction of subordinated debt in amount of $5.0 mln (KZT691.0 mln) at 14% APR. Principal repayment date is Oct 01, 2004 and interest paid annually. In opinion of auditing reports, financial statements of AMB CJSC give reliable representation of the company's financial situation in all aspects as of December 31, 1997-1999, of its income statements and cash flow statements in accordance with International Accounting Standards. COMPARABLE FEATURES Below is comparison of AMB CJSC with other banks in thousand tenge as of July 01, 2000. Comparison was made by IRBIS specialists on the basis of 4 comparable banks (in terms of shareholders equity). Average indicators were estimated according to the financial statements submitted to KASE by banks of category "B" (forex trades). --------------------------------------------------------------- Average ration in other banks Index AMB CJSC -------------------- ---------- ----------------------------- Shareholders' equity 2,233,648 2,080,363 Assets 16,295,147 13,295,682 Net profit 146,475 110,460 k1 (min 0,04) 0.08 0.13 k2 (min 0,08) 0.24 0.25 k4 (min 0,20) 1.40 1.98 ROА, % 0.90 1.01 ROE, % 6.56 5.47 ---------------------------------------------------------------