REFERENCE: Joint bank LARIBA-BANK OJSC(Kazakhstan) - revenues and expenses

/IRBIS, according to the information of KASE Listing commission, Aug 16, 01/ - The following information is published due to passing the KASE listing procedure under "B" category by first issue bonds of Joint bank LARIBA- BANK OJSC (JB LARIBA-BANK OJSC). As of July 1, 2001 operating income of the JB LARIBA-BANK OJSC increased by KZT26m, or 18.5% against similar period of last year as a result of a KZT20m increase in interest income and non-interest income - by KZT6m. In 2000 operating income grew by KZT17m, or 5.3% relative to 1999 as a result of an increase in interest income by KZT63m, or 35.9%, with a decrease in non-interest income - by KZT46m, or 34.3%. In 1999 the bank's operating income also grew relative to 1998, by KZT210m, or 209.0%, which came both from interest and non-interest income growth. Growth of interest income in 1999 against 1998 by KZT115m, or 192.7%, and non-interest income - by KZT94m, or 233.3%. Operating expenses of JB LARIBA-BANK OJSC also grew during the observed period. Mainly, it was due to an increase in non-interest expenses, which rose by KZT38m, or 71.3% in 1999 against previous year, and by KZT47m, or 51.1% in 2000 against 1999, and in the I quarter of this year I - by KZT8m, or 13.7% relative to similar period of last year. Interest income structure of JB LARIBA-BANK OJSC (th. KZT) -------------------------------------------------------------------- As of Item 1998 1999 2000 July 1.01 ------------------------------- ------ ------- ------- --------- Interest income 59,867 175,207 238,083 118,777 From bank loans and deposits 4,435 7,784 12,427 4,887 From bonds and other securities 12,878 1,078 127 1,277 From loans granted to clients 42,554 135,153 160,403 81,533 From REPO deals 103 Other income 31,192 65,126 30,977 Interest expense 4,588 16,606 13,310 7,101 To deposits of clients 4,588 16,606 13,255 7,101 To interbank loans and deposits 55 Net interest income 55,279 158,601 224,773 111,676 -------------------------------------------------------------------- Growth of interest income in 1999-2000 and I quarter of 2001 was mainly attributable to an increase in income received from credits granted by KZT93m, or 217.6%, by KZT25m, or 18.7%, by KZT0.3m, or 0.3%, respectively. Non-interest income structure of JB LARIBA-BANK OJSC (th. KZT) ----------------------------------------------------------------- As of Item 1998 1999 2000 July 1.01 --------------------------- ------- ------- ------- --------- Non-interest income 40,502 134,973 88,611 46,991 From services offered 29,955 32,794 35,810 23,186 From financial transactions 5,025 20,477 13,628 10,981 Other income 5,522 93,930 39,066 11,782 From re-evaluation -12,228 107 1,042 Non-interest expense 53,489 91,607 138,442 67,701 Administrative expenses 25,041 43,734 61,388 29,480 Office maintenance expenses 16,449 29,532 54,175 24,311 Other expenses 11,999 18,341 22,879 13,910 Net non-interest income -12,987 43,366 -49,831 -20,710 ----------------------------------------------------------------- Noticeable growth of non-interest income of JB LARIBA-BANK OJSC was observed in 1999 against 1998, which was mostly attributable to an increase in other income by KZT88m. Most of the non-interest expenses were incurred from administrative and office maintenance expenses. In 1998-2000 and I quarter of 2001 administrative expenses increased by KZT19m, or 74.6%, by KZT18m, or 40.4%, by KZT4m, or 16.3%, respectively. Office maintenance expenses increased by KZT13m, or 79.5%, by KZT25m, or 83.4%, by KZT2m, or 9.4%, respectively.