KAZKOMMERTSBANK OJSC (Kazakhstan): financial ratios

/IRBIS, Jan.5, 01/ - Following is a brief information on financial and economic activities of the KAZKOMMERTSBANK OJSC (Almaty), compiled based on the Kazakhstan Stock Exchange (KASE) Listing commission's materials. The information is published due to the fact that subordinated euronotes of the bank were entered into official list of the KASE securities under category "A". The KAZKOMMERTSBANK OJSC makes its financial statements in accordance with the Kazakhstani accounting standards, as well as bank legislature, instructions and regulations of the National Bank of Kazakhstan. From 1995 the bank statements are audited by Deloitte & Touche (Almaty, Kazakhstan) based on international standards. FINANCIAL DATA PROVIDED BY THE ISSUER Following is the table created by the KASE specialists based on KAZKOMMERTSBANK OJSC financial statements (in th. KZT, unless otherwise specified), which, in turn, were made by the issuer in compliance with the National Bank requirements. ---------------------------------------------------------------------------- As of As of As of As of Index Jan.1 '98 Jan.1 '99 Jan.1 '00 Oct.1 '00 ---------------------------------------------------------------------------- Authorized capital 2,830,500 2,854,288 2,942,200 2,942,200 Shareholders' equity 8,421,371 9,537,007 11,695,659 14,015,959 Total assets 34,959,676 49,308,414 72,426,872 75,220,339 Liquid assets 8,701,837 8,152,955 16,846,863 17,088,820 Loans granted (net) 21,324,534 32,308,166 43,055,354 46,783,277 Loans and deposits 14,582,639 37,593,070 55,589,179 56,868,499 Income from operating activities 6,753,054 10,816,443 19,964,315 10,877,662 Net income 861,126 1,046,166 2,199,467 2,320,302 Return on assets (ROA), % 2.46 2.12 3.04 3.08 Return on equity (ROE), % 10.23 10.97 18.81 16.55 ---------------------------------------------------------------------------- AUDITING REPORT DATA Following is the table created by the KASE specialists based on auditing report data of the Deloitte & Touche (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) 2,830,500 2,853,902 2,941,814 Shareholders' equity 8,420,639 10,378,227 13,374,826 Total assets 35,048,600 50,299,880 81,185,724 Liquid assets 9,739,825 5,226,647 23,106,195 Loans to the clients (net) 19,162,437 35,554,884 48,339,227 Liabilities to other banks 13,103,434 17,298,801 22,698,687 Client accounts 11,762,344 9,662,791 22,076,532 Income from operating activities 4,510,837 5,258,189 8,084,759 Operating expenses 2,176,668 2,969,507 4,091,238 Net income 2,153,631 1,884,079 2,996,498 Return on assets (ROA), % 6.14 3.75 3.69 Return on equity (ROE), % 25.58 18.15 22.40 ------------------------------------------------------------------------- In the opinion of the Deloitte & Touche, consolidated financial statements of the bank give a reliable representation of aggregate financial situation of the bank and its subsidiaries in all necessary aspects as of December 31, 1999, 1998, and 1997, as well as the results of its financial and economic activities and cash flows as of indicated years in accordance with International accounting standards. COMPARABLE CHARACTERISTICS Below is comparison of KAZKOMMERTSBANK OJSC with average ratios of other two major Kazakhstani banks, created by the KASE specialists as of November 1, 2000 in thousand KZT. ----------------------------------------------------------------------- Index KAZKOMMERTSBANK OJSC Average ratio for other banks ----------------------------------------------------------------------- Shareholders' equity 11,477,157 8,344,653 Assets 94,051,186 79,149,685 Net income 2,437,312 815,622 k1 (min 0,04) 0.09 0.07 k2 (min 0,08) 0.15 0.13 k4 (min 0,20) 0.71 0.79 ROА, % 2.59 1.05 ROE, % 21.24 9.11 -----------------------------------------------------------------------