REFERENCE: Temirbank OJSC (Kazakhstan) - financial ratios

/IRBIS, information of the KASE Listing commission, Sept 12, 01/ - The following information is published due to the admittance of second issue bonds of Temirbank OJSC into the official list of the Kazakhstan Stock Exchange (KASE) under category "A". Temirbank OJSC presented following financial statements which were made in compliance with the Kazakhstani Accounting Standards (KAS), as well as banking legislature, instructions and regulations of the National Bank of Kazakhstan: balance sheet, income and cash flow statements for 1997- 2000, as well as intermediary financial statements for two quarters of 2001. Financial ratios of Temirbank OJSC presented by the issuer (th. KZT, unless otherwise specified) -------------------------------------------------------------------------- As of As of As of As of Ratio Jan.1, 99 Jan.1, 00 Jan.1, 01 July 1, 01 -------------------------------- --------- --------- ---------- ---------- Authorized capital (less treasury stock) 991,047 991,047 1,374,835 1,378,423 Shareholders' equity 1,406,048 1,489,633 2,132,317 2,011,916 Total assets 5,467,137 9,346,572 14,045,393 14,517,197 Liquid assets* 2,582,514 3,097,788 4,866,584 4,481,434 Loans granted (net) 2,300,398 5,472,301 8,409,594 8,924,445 Loans and deposits 3,999,803 7,031,915 11,430,767 12,144,442 Issued bonds - - 721,055 731,035 Operating income 1,323,562 1,753,394 3,074,011 1,721,894 General expenses 1,114,868 1,654,707 2,768,149 1,547,218 Net income 208,694 98,687 305,862 174,676 Earnings per share (EPS), KZT 210.40 98.05 222.27 126.72** Book value of a share, KZT 1,418.75 1,503.09 1,550.96 1,459.58 Return on assets (ROA), % 3.8 1.1 2.2 1.20 Return on equity (ROE), % 14.8 6.6 14.3 8.7 -------------------------------------------------------------------------- * - total of liquid assets was calculated based on the instructions of the National Bank of Kazakhstan; ** - earnings per share is determined without dividends to preferred shares. International auditing of the Temirbank OJSC financial statements from 1997 has been made based on International Accounting Standards. In 1997 the auditing was carried out by Price Waterhouse (Almaty, Kazakhstan), in 1998 - 2000 - by Arthur Andersen (Almaty, Kazakhstan), in first half of 2001 - by PricewaterhouseCoopers (Almaty, Kazakhstan). Financial ratios of Temirbank OJSC based on auditor's data (th. KZT, unless otherwise specified) ---------------------------------------------------------------------------- As of As of As of As of Ratio Jan.1, 99 Jan.1, 00 Jan.1, 01 July 1, 01 --------------------------------- ---------- --------- ---------- ---------- Authorized capital (less treasury stock) 995,526 995,526 1,379,314 1,382,902 Shareholders' equity 1,317,820 1,292,359 1,754,627 1,905,532 Total assets 5,403,488 9,176,708 13,614,431 14,460,210 Liquid assets 3,000,657 3,328,955 4,803,250 4,481,928 Liabilities of credit institutions 2,217,484 2,126,095 1,756,129 2,133,824 Loans and advances to clients 2,020,813 5,198,564 8,026,721 8,834,209 Payables to credit institutions 1,389,843 2,344,158 2,515,824 1,889,370 Payables to clients 2,635,146 5,443,591 8,428,482 9,566,261 Issued bonds - - 721,055 731,035 Net income 188,950 73,957 70,491 147,941 Book value of a share, KZT 1,323.74 1,298.17 1,272.10 1,377.92 Earnings per share (EPS), KZT* 189.41 72.51 49.65 107.76* Return on assets (ROA), % 3.5 0.8 0.5 1.0 Return on equity (ROE), % 14.3 5.7 4.0 7.8 ---------------------------------------------------------------------------- * - earnings per share is determined without dividends to preferred shares. Based on auditing reports, financial statements of Temirbank OJSC give true and reliable picture of the bank's financial condition in all essential aspects as of December 31 1998-2000, as well as it results and cash flows in the years ended at these dates based on International Accounting Standards.