Bank CenterCredit OJSC (Kazakhstan): financial indices

/IRBIS, Dec 18, 00/ - Following are financial and economic ratios of Bank CenterCredit OJSC (Almaty), made by the data of the Listing Commission of Kazakhstan Stock Exchange (KASE). The information is published in connection with admission of the first issue bank bonds into official list of the KASE securities, category "A". Bank CenterCredit OJSC makes its financial statements in accordance with the Kazakhstani accounting standards, as well as bank legislature, instruction and regulations of the National Bank of Kazakhstan. From 1997 the bank statements are audited by Ernst & Young (Almaty, Kazakhstan) based on international standards. FINANCIAL STATEMENT DATA PRESENTED BY THE ISSUER Following is the table created by the KASE specialists based on Bank CenterCredit OJSC financial statements (in th. KZT, unless otherwise specified), which, in turn, were made in compliance with the National Bank requirements. The amount of liquid assets is determined on the basis of the National Bank instructions. The data as of Jan.1, 98 was given prior to the merger with Jilstroibank OJSC. ------------------------------------------------------------------------------- As of As of As of As of Index Jan.1 '98 Jan.1 '99 Jan.1 '00 Oct.1 '00 ------------------------------------------------------------------------------- Authorized capital 550,000 1,003,313 1,062,531 1,469,296 Shareholders' equity 719,734 1,232,984 1,447,052 1,725,842 Total assets 4,277,908 10,250,426 13,829,727 17,027,484 Liquid assets 1,290,950 1,394,021 4,018,139 4,265,350 Loans granted (net) 2,267,531 6,157,797 8,326,133 11,167,989 Loans and deposits 3,485,562 8,509,937 11,839,424 14,739,524 Income from operating activities 931,732 1,823,685 3,337,990 3,238,624 Net income 7,588 121,157 259,851 65,293 Return on assets (ROA), % 0.18 1.18 1.88 0.38 Return on equity (ROE), % 1.05 9.83 17.96 3.78 ------------------------------------------------------------------------------- AUDITING REPORT DATA Following is the table created by the KASE specialists based on auditing report of Ernst & Young (in th. KZT, unless otherwise specified). ---------------------------------------------------------------------------- As of Jan.1'98 As of Jan.1'99 As of Index Jan.1 '00 ---------------------------------------------------------------------------- Authorized capital (paid) 550,000 1,003,313 1,062,531 Shareholders' equity 583,987 1,247,853 1,379,766 Total assets 4,262,008 10,195,055 13,765,501 Liquid assets 1,290,950 1,394,021 4,032,564 Loans to the clients (net) 2,187,402 6,166,812 8,260,070 Liabilities to other banks 491,427 923,878 1,151,612 Liabilities to its clients 2,794,492 7,205,632 10,253,117 Income from operating activities 931,732 1,994,590 3,334,301 Total expenses 1,059,891 1,779,435 3,141,736 Net income (128,159) 215,155 192,565 Return on assets (ROA), % - 2.11 1.40 Return on equity (ROE), % - 17.24 13.96 ---------------------------------------------------------------------------- In the opinion of Ernst & Young, consolidated financial statements of the bank give a reliable representation of consolidated assets and liabilities of the bank in all necessary aspects as of December 31, 1999 and 1998, results of its financial and economic activities and cash flows as of indicated years, as well as the changes in the shareholders' equity according to the accounting standards of the commercial banks, approved by the National Bank of Kazakhstan. The auditing report is indisputable. COMPARABLE FEATURES Below is comparison of Bank CenterCredit OJSC with other four similar Kazakhstani banks in terms of shareholders' equity, made by the KASE specialists as of November 1, 2000 in thousand KZT. Average indicators were estimated according to the financial statements submitted to the KASE by banks of category "B" (participation in foreign currency trades). --------------------------------------------------------------------------- Bank CenterCredit CJSC Average ratio for other banks Index --------------------------------------------------------------------------- Shareholders' equity 1,802,344 1,770,653 Assets 17,386,218 8,260,927 Net income 69,449 172,023 k1 (min 0,04) 0.09 0.21 k2 (min 0,08) 0.13 0.60 k4 (min 0,20) 0.55 1.37 ROА, % 0.40 2.51 ROE, % 3.85 8.82 ---------------------------------------------------------------------------