REFERENCE: VALUT-TRANZIT BANK OJSC (Kazakhstan) - liabilities

/IRBIS, information of the KASE Listing commission, Oct 8, 01/ - The following information is published due to the admittance of the first issue bonds of VALUT-TRANZIT BANK OJSC into official list of the Kazakhstan Stock Exchange (KASE) under category "A". From 1998 through 2000 liabilities of VALUT-TRANZIT BANK OJSC increased by KZT4.0 bn, or 20 times, including, deposits - by KT3.5 bn or 17.8 times. In I half of 2001 volume of deposits increased by KZT3.7 bn, which is 107.2% of the growth during previous 3 years. Growth of deposits in 1998-2000 was caused by an expansion of the bank's clientele (number of accounts of corporate clients increased from 2.0 th. to 6.5 th., that of individuals - from 35 th. to 350 th.), as well as increase in weighted average remaining amounts in the accounts of the clients (from KZT403.8m in 1999 to KZT810.4m in 2000). By the information of VALUT-TRANZIT BANK OJSC, in late 2000 deposits of the individuals amounted to KZT1.7 bn (KZT1.3 bn or 3.6 time growth against 1998), of legal entities - KZT1.6 bn (KZT1.2 bn or 3.8 time growth against 1998). As of July 1, 2001 attracted deposits accounted for 93.2% of all liabilities, or KZT7.4 bn, of which time deposits - 36.8%, call deposits - 56.4%. Structure of liabilities of VALUT-TRANZIT BANK OJSC -------------------------------------------------------------------------------------------------------------------- as of Jan 1.99 as of Jan 1.00 as of Jan 1.01 as of July 1.01 ---------------- ---------------- ---------------- ---------------- Liabilities th. KZT % th. KZT % th. KZT % th. KZT % -------------------------------------------- --------- ----- --------- ----- --------- ----- --------- ----- Time deposits 776,204 67.6 1,277,589 70.8 2,391,359 57.3 2,922,954 36.8 Call deposits 124,335 10.8 478,477 26.5 1,286,173 30.8 4,474,014 56.4 Liabilities to other banks and organizations 15,100 1.3 40,000 2.2 382,880 9.2 100,600 1.3 Other liabilities 233,015 20.3 8,739 0.5 110,105 2.7 437,897 5.5 -------------------------------------------- --------- ----- --------- ----- --------- ----- --------- ----- Total 1,148,654 100.0 1,804,805 100.0 4,170,517 100.0 7,935,465 100.0 -------------------------------------------------------------------------------------------------------------------- From 1998 through July 1, 2001 growth of time deposits reached KZT2.9 bn in absolute terms or 52.3 times, but their proportion decreased though, from 67.6% to 36.8%. Meanwhile, call deposits rose by KZT807.5m or 2.7 times against 1999, and by KZT3.1 bn or 3.5 times in I half of 2001, which was due to increase in the number of bank's corporate clients. VALUT-TRANZIT BANK OJSC conducts mainstream deposit policy aimed at increasing the deposits in tenge. Thus, from 1998 through 2000 the amount of deposits in tenge increased from KZT518.7m to KZT3.4 bn, or 6.5 times, whereas their proportion in total volume of deposits grew from 57.6% to 91.3%. As of July 1, 2001 tenge deposits amounted to KZT6.5 bn, which is almost 1.9 times more than they were in 2000. To attract the depositors the bank systematically reviews interest rates on deposits by taking account current market situation. Interest rates were as follows depending on the terms: in 1998: in tenge - from 15% to 20%, in currency - from 9% to 12%; in 1999: in tenge - from 20% to 23%, in currency - from 10% to 12%; in 2000: in tenge - from 15% to 23%, in currency - from 7% to 13%; as of July 1, 2001: in tenge - from 11.5% to 18%, in currency - from 6.5% to 12.5%. Proportion between assets and liabilities of VALUT-TRANZIT BANK OJSC as of July 1, 2001 (th. KZT) ------------------------------------------------------------------------------------------------------------------------------------------------------------ Assets and liabilities Up to 1 month From 1 to 3 months From 3 months to 1 year From 1 to 5 years More than 5 years Loss reserves Total ------------------------------- ------------- ------------------ ----------------------- ----------------- ----------------- ------------- ---------- Cash 384,394 - - - - 384,394 Deposit accounts in other banks 337,333 - - - - -296 337,037 Securities - 56,116 4,950 537,946 - - 599,012 Loans to clients, gross 261,169 214,322 4,794,897 9,455 7,325 -88,175 5,198,993 Financial lease - - - 45,321 2,821,057 - 2,866,378 Fixed and intangible assets - - - - 663,117 - 663,117 Other 40,805 11,249 68,860 40,748 - -10,705 150,957 ------------------------------- ------------- ------------------ ----------------------- ----------------- ----------------- ------------- ---------- Total assets 1,023,701 281,687 4,868,707 633,470 3,491,499 -99,176 10,199,888 ------------------------------- ------------- ------------------ ----------------------- ----------------- ----------------- ------------- ---------- Liabilities to other banks 469,792 - 350,580 - - - 820,372 Deposits of clients 4,256,683 73,974 89,988 2,256,551 - - 6,677,196 Other liabilities 437,697 - - 200 - - 437,897 ------------------------------- ------------- ------------------ ----------------------- ----------------- ----------------- ------------- ---------- Total liabilities 5,164,172 73,974 440,568 2,256,751 - - 7,935,465 ------------------------------------------------------------------------------------------------------------------------------------------------------------