KASE CREATED RATINGS OF LISTED BANKS AS OF OCTOBER 1, 2000
/IRBIS, Dec.19, 00/ - The Kazakhstan Stock Exchange (KASE) has completed the creation of the ratings of the Kazakhstani banks, whose shares and/or bonds were traded at the KASE in 2000 wihin an official list of the securities under categories "A" and "B".
Rating was created based on financial ratios of the banks on the basis of their quarterly reports presented to the Exchange in accordance with the their listing obligations. The purpose of the rating is to obtain a comparable characteristics of the listed banks based on the results of their activities during three quarters of 2000.
Initial tables
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Place
------------------ Bank For As of As of
Oct.1.00 Oct.1.99 code 1999 Oct.1.99 Oct.1.00
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Assets (mln KZT) Table 1
1 2 HSBK 57,160 48,875 76,330
2 3 BTAS 46,891 39,156 75,555
3 1 KKGB 72,427 71,702 75,220
4 6 ATFB 11,897 7,763 17,838
5 4 CCBN 13,830 11,796 17,027
6 5 TEBN 9,347 8,374 12,897
7 9 KOMB 4,565 1,574 6,934
8 7 VTBN 2,847 2,979 5,446
9 8 NFBN 2,459 2,141 2,478
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Shareholders' equity (mln KZT) Table 2
1 1 KKGB 11,696 10,733 14,016
2 2 BTAS 5,677 5,116 8,454
3 3 HSBK 5,756 4,962 5,596
4 5 TEBN 1,490 1,411 1,996
5 4 ATFB 1,492 1,483 1,912
6 6 CCBN 1,447 1,316 1,726
7 7 KOMB 1,560 1,043 1,598
8 8 VTBN 1,042 1,027 1,534
9 9 NFBN 1,026 1,000 1,016
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Operating income (mln KZT) Table 3
1 1 KKGB 19,964 14,573 10,878
2 3 BTAS 8,170 4,982 10,314
3 2 HSBK 13,770 10,869 10,065
4 4 CCBN 3,338 2,862 3,239
5 5 ATFB 2,176 2,095 2,529
6 6 TEBN 1,753 1,471 2,079
7 8 KOMB 589 502 668
8 7 VTBN 656 513 638
9 9 NFBN 490 373 362
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Net income (mln KZT) Table 4
1 1 KKGB 2,199 1,232 2,320
2 2 BTAS 886 752 1,337
3 4 ATFB 477 468 420
4 6 TEBN 180 100 165
5 3 HSBK 630 580 157
6 9 VTBN 29 15 81
7 7 CCBN 260 96 65
8 5 KOMB 26 138 22
9 8 NFBN 41 54 11
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Return on assets - ROA (%) Table 5
1 5 KKGB 3.04 1.72 3.08
2 2 ATFB 4.01 6.02 2.35
3 4 BTAS 1.89 1.92 1.77
4 9 VTBN 1.02 0.51 1.48
5 6 TEBN 1.92 1.19 1.28
6 3 NFBN 1.67 2.51 0.43
7 8 CCBN 1.88 0.81 0.38
8 1 KOMB 0.58 8.74 0.32
9 7 HSBK 1.10 1.19 0.21
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Return on equity - ROE (%) Table 6
1 1 ATFB 31.96 31.53 21.95
2 5 KKGB 18.81 11.48 16.55
3 2 BTAS 15.61 14.71 15.82
4 7 TEBN 12.07 7.09 8.28
5 9 VTBN 2.78 1.47 5.25
6 6 CCBN 17.96 7.26 3.78
7 4 HSBK 10.95 11.69 2.80
8 3 KOMB 1.69 13.18 1.40
9 8 NFBN 4.01 5.37 1.04
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Final rating table
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Rating Averege
Oct.1 Oct.1 Share- Operating Net ratio of
2000 1999 Bank code Assets holders' income income ROA ROE the bank
equity
------ ------ --------- ------ -------- --------- ------ ---- ---- --------
Average ratio: 32 192 4 205 4 530 509 1,26 8,54
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1 1 KKGB 2.34 3.33 2.40 4.56 2.46 1.94 2.838
2 2 BTAS 2.35 2.01 2.28 2.63 1.41 1.85 2.087
3 4 ATFB 0.55 0.45 0.56 0.82 1.87 2.57 1.139
4 3 HSBK 2.37 1.33 2.22 0.31 0.16 0.33 1.121
5 6 TEBN 0.40 0.47 0.46 0.32 1.02 0.97 0.608
6 9 VTBN 0.17 0.36 0.14 0.16 1.18 0.61 0.438
7 7 CCBN 0.53 0.41 0.71 0.13 0.31 0.44 0.422
8 5 KOMB 0.22 0.38 0.15 0.04 0.26 0.16 0.201
9 8 NFBN 0.08 0.24 0.08 0.02 0.34 0.12 0.147
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The final rating table was created on a composite basis by uniting the ratios of the banks that characterize the scale and effectiveness of their work. The values were obtained by step-by-step averaging the values of initial tables #1 - 6 based on the following way. Step one: average arithmetic mean was calculated for each of the tables #1 - 6. Step two: corresponding figure of each bank was correlated to average arithmetic mean of each table to obtain a coefficient. Step three: for each bank average arithmetic mean of the coefficients, which were found in step two, was calculated. In accordance with obtained values the bank was assigned a rating in the table.
Further on the KASE plans to calculate such comparable reviews on a regular basis.
Bank codes: KKGB - KAZKOMMERTSBANK OJSC (Almaty); BTAS - Bank TuranAlem OJSC (Almaty); ATFB - Almaty Merchant Bank CJSC; HSBK - Halyk Bank of Kazakhstan OJSC (Almaty); TEBN - TEMIRBANK OJSC (Almaty); VTBN - VALUT-TRANZIT BANK OJSC (Karagandy); CCBN - Bank CenterCredit OJSC (Almaty); KOMB - Komirbank OJSC (Ekibastuz);
NFBN - Neftebank OJSC (Aktau).
Important notice: this rating should not be regarded as the opinion of the KASE on the quality and effectiveness of these banks in any way.