Results of AMB OJSC (Kazakhstan) in I half of 2001
07.09.01 00:00
/KASE, Sept 7, 01/ - Almaty Merchant Bank OJSC (AMB OJSC, Almaty)
provided the KASE with its financial statements for the I half of 2001: balance
sheet and income statement.
By the data of the issuer following are the results of the company in the I
half of 2001 (in th. KZT):
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As of As of Change,
Ratio July 1 '00 July 1 '01 %
-------------------------- ------------ ----------- -------
Authorized capital (paid) 856,350 1,611,100 +88.1
Shareholders' equity 1,638,609 2,333,092 +42.4
Total assets 16,295,147 24,546,105 +50.6
Liquid assets 8,150,787 8,498,557 +4.3
Loans granted (net) 6,580,958 13,316,890 +102.4
Liabilities, total 14,656,538 22,213,013 +51.6
Loans and deposits 12,895,481 18,735,182 +45.3
Issued bonds - 678,149 -
Operating income 1,550,036 2,273,369 +46.7
General expenses 1,403,561 1,923,762 +37.1
Net income 146,475 349,607 +138.7
Book value of a share, KZT 1,052,414.26 1,448.14 -99.9
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Compared to I half of 2000 growth took place in:
- shareholders' equity of the bank - by KZT694.5m as a result fo a
floatation of the 6th issue of shares for KZT754.7m, increase in the funds
and reserves - by KZT104.4m and decrease in final amount of
undistributed income by KZT164.6m;
- assets - by KZT8.3bn (growth of loan portfolio equaled KZT6.7bn);
- liabilities - by KZT7.6bn (growth of call deposits by KZT4.6bn, time
deposits decreased by KZT140.8m);
- operating income - by KZT723.3m;
- expenses - by KZT520.2m.
Net income of AMB OJSC in the I half of 2001 equaled KZT349.6m, or
KZT203.1m more than in similar period of last year.
Following is the table of dynamics of some of the bank's indicators for 2001
on a quarterly and non-accruing sum basis (in th. KZT):
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Indicator I-2001 II-2001 Change, %
---------------- --------- ---------- ---------
Deposits 8,039,474 -3,978,099 -149.5
Operating income 1,005,862 1,267,507 +26.0
Net income 161,606 188,001 +16.3
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Following securities of AMB OJSC were entered into official list of KASE
securities under category "A":
- first issue inscribed coupon bonds (KZ7CKAN3AA16, trade code -
ATFBb, Oct 2, 00 - Oct 2, 01, $5m, semiannual coupon at 10.5% APR)
from September 26, 2000;
- preferred inscribed shares (KZ1P35970618, trade code - ATFBp) from
June 11, 2001.