BANK CASPIAN OJSC: Financial indicators

/IRBIS, July 18, 01/ - BANK CASPIAN OJSC compiles financial statements in accordance with Kazakhstan Accounting Standards (KAS), banking regulation, instructions and provisions of the National Bank of Kazakhstan. The Bank presented KASE with financial statements for 1998-2000 and conclusion of the auditor completed by Price Waterhouse Coopers (Almaty, Kazakhstan) according to the KAS. Major financial indicators of BANK CASPIAN OJSC (KZT, thousands, unless otherwise indicated) ------------------------------------------------------------------------- As of As of As of As of Index Jan.1'99 Jan.1'00 Jan.1'01 Apr.1 '01 ---------------------------- --------- --------- --------- ---------- Authorized capital (paid-up) 800,000 834,661 840,000 995,794 Shareholders' equity 1,029,042 1,027,081 1,191,222 1,559,914 Total assets 2,829,260 3,707,150 8,961,104 11,434,959 Liquid assets 820,299 1,789,146 4,827,951 4,109,551 Credits outstanding 1,012,845 1,165,885 3,224,888 5,971,793 Loans and deposits 1,676,777 2,535,265 6,773,979 8,426,423 Operating income 605,410 739,157 1,210,962 468,478 Net income 30,934 21,299 62,488 14,098 Return on assets (ROA), % 1.1% 0.6% 0.7% 0.1% Return on equity (ROE), % 3.0% 2.1% 5.2% 0.9% ------------------------------------------------------------------------- In the opinion Price Waterhouse Coopers, consolidated financial statements of the Bank give a reliable representation of financial situation of the bank in all necessary aspects as of December 31, 1998, 1999, and 2000 as well as consolidated income and cash flow statements for indicated periods. All statements have been compiled according to accounting standards of the National Bank.