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.
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As of As of As of As of
Index Jan.1 '98 Jan.1 '99 Jan.1 '00 Oct.1 '00
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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
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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).
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As of Jan.1'98 As of Jan.1'99 As of
Index Jan.1 '00
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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
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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).
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Bank CenterCredit CJSC Average ratio for other banks
Index
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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
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