Results of Neftebank OJSC (Kazakhstan) in 2000

/KASE, May 02, 01/ - NEFTEBANK OJSC (Almaty) provided the Kazakhstan Stock Exchange (KASE) with its financial statements for 2000: balance sheet, income and cash flow statements. Following are the results of the company in 2000 by the data of the issuer (in th. KZT unless otherwise specified): -------------------------------------------------------------- As of As of Change, Ratio Jan.1 '00 Jan.1 '01 % ---------------------------------- --------- --------- ------- Authorized capital (paid-up) 544,773 678,365 +24.5 Shareholders' equity 1,026,114 1,043,880 +1.7 Total assets 2,458,932 3,395,240 +38.1 Liquid assets 545,793 816,635 +49.6 Loans and deposits 1,405,519 2,183,870 +55.4 Loans granted 1,433,382 2,052,210 +43.2 Operating income 490,011 554,992 +13.3 General expenses 448,904 496,580 +10.6 Net income (loss) of the period 41,107 58,412 +42.1 ---------------------------------- --------- --------- ------- Calculated based on issuer's data: ---------------------------------- --------- --------- ------- Return on assets (ROA), % 1.67 1.72 +2.9 Return on equity (ROE), % 4.01 5.60 +39.7 Earning per share (EPS), KZT 75.46 86.11 +14.1 Price earning ratio (P/E) 13.25 - - Book value of share, KZT 1,883.56 1,538.82 -18.3 -------------------------------------------------------------- Compared to 1999 growth followed in (all figures given in tenge): - shareholders' equity of the bank - KZT17.8 mln (increase in paid-up part of authorized capital - 133.6 mln, funds and reserves - 72.3 mln; decline of final amount of undistributed profit - 188.1 mln; - assets - 936.3 mln (increase in loan portfolio - 618.8 mln, amounts on correspondent accounts - by 247.8 mln, securities portfolio - by 27.5 mln, other assets by 42.2 mln); - liabilities - 918.5 mln (growth of deposits - 998.0 mln, decline of other liabilities - by 79.5 mln; - operating income - 65.0 mln, (interest income - 89.8 mln, non-interest income - 3.8 mln, decline of other income - 28.6 mln); - expenses - 47.7 mln, (non-interest expenses - 55.4 mln, interest expenses - 16.4 mln, other expenses - 19.8 mln, decline of provisions for reserves - 43.9 mln). Net income, received by NEFTEBANK OJSC in 2000, increased by 17.3 mln compared to 1999. Following is the table that shows the dynamics of bank's indicators during the year 2000 on a quarterly and non-accruing sum basis (in mln KZT, unless otherwise specified): ------------------------------------------------------------------------ Indicator I-2000 II-2000 Ch., % III-2000 Ch., % IV-2000 Ch., % ---------------- ------ ------- ------ -------- ------ ------- --------- Client deposits 178.9 -144.9 -181.0 179.6 +224.0 784.3 +336.7 Operating income 96.6 164.6 +70.4 101.1 -38.6 192.7 +90.7 Net income -16.4 26.8 +263.5 0.2 -99.4 47.9 +31,182.4 ------------------------------------------------------------------------ Common inscribed shares (KZ1C36500212, trade code - NFBN) of NEFTEBANK OJSC were included into category "A" of the official listing on Apr.15, 1998. On Apr. 07, 1999 shares were transferred to category "B" because of disparity with equity capital adequacy requirements. Currently, market capitalization of NEFTEBANK OJSC estimated by KASE over last deal (Apr.16, 2001) equals $678.0 th.