REFERENCE: KAZKOMMERTSBANK OJSC - credit ratings and financial indicators

/IRBIS, on conclusion of Listing commission of KASE, Dec 28, 01/ - Following is published in connection with inclusion of eighth issue privileged shares (KZ1P00400815, KZT10, 125,000 th. units) of KAZKOMMERTSBANK OJSC into category "A" of the official list of KASE securities. Since IRBIS agency several times and in details characterized the bank in its publications of 2001, in this and following information blocks devoted to the inclusion of KAZKOMMERTSBANK OJSC privileged shares into official list of securities of KASE only the most important information about bank's activity is given. CREDIT RATINGS Fitch IBCA Inc.: long-term ("non-provided debt") "B+" with a stable forecast, short-term "В", individual "D" and juridical "4Т". Moody's Investors Service, Inc.: long-term on foreign currency deposits "Ва3", short-term "Е+", forecast is positive. Standard & Poor's Rating Services: long-term ("non-provided debt") "В", short-term partner "С", forecast is "positive". DYNAMICS OF FINANCIAL INDICATORS The bank prepares reporting documents in accordance with the Kazakhstan Accounting Standards and also banking legislation, instructions and regulations of the National Bank of Kazakhstan. Following are data of financial reporting (in th. tenge unless otherwise is specified) presented by the issuer and indicators calculated by KASE on their basis. The table has been made on the basis of financial reporting presented in accordance with the National Bank of Kazakhstan requirements. Total liquid assets are defined in accordance with the National Bank instruction. ------------------------------------------------------------------------------ as of as of as of as of Indicator Jan 01, Jan 01, Jan 01, Oct 01, 1999 2000 2001 2001 ---------------------------- ---------- ---------- ----------- ----------- Authorised capital (paid-up) 2,854,288 2,942,200 2,942,200 2,942,200 Shareholders' equity 9,537,007 11,695,659 14,579,105 17,426,437 Total assets 49,308,414 72,426,872 109,959,876 158,146,044 Liquid assets 8,152,955 16,846,863 36,599,241 35,735,335 Credits granted (net) 32,308,166 43,055,354 63,555,799 109,363,703 Loans and deposits 38,012,070 56,589,844 86,591,115 134,366,794 Total income 10,816,443 19,964,315 15,862,760 16,646,432 General income 9,770,277 17,764,848 12,955,795 13,815,426 Net income 1,046,166 2,199,467 2,906,965 2,831,006 Book value of share, KZT 33.41 40.98 51.08 59.23 Return on assets (ROA), % 2.12 3.04 2.64 1.79 Return on equity (ROE), % 10.97 18.81 19.94 16.25 ------------------------------------------------------------------------------ International audit of financial statements of KAZKOMMERTSBANK OJSC was conducted by Deloitte & Touche (Almaty, Kazakhstan). Following is table of indicators according to conclusions of auditor (in th. tenge unless otherwise is specified). -------------------------------------------------------------- As of As of As of Standard Jan, 99 Jan, 00 Jan, 01 ------------------------- ---------- ---------- ----------- Authorized capital (paid) 2,853,902 2,941,814 2,931,906 Shareholders' equity 10,378,227 13,374,826 17,352,087 Total assets 50,299,880 81,185,724 124,015,677 Liquid assets 5,226,647 23,106,195 47,612,518 Loans to clients (net) 35,554,884 48,339,227 67,080,203 Debt to banks 17,298,801 22,698,687 23,362,974 Clients accounts 9,662,791 22,076,532 54,138,572 Net income 1,884,079 2,996,498 4,024,190 Book value of share, KZT 36.49 46.87 60.95 Return on assets (ROA), % 3.75 3.69 3.24 Return on equity (ROE), % 18.15 22.40 23.19 -------------------------------------------------------------- According to Deloitte & Touche, consolidated financial reporting of the bank reflects truly in all aspects consolidated financial position of the Bank and its branches as of December 31,2000,1999 and 1998, results of their activities, cash flow for reporting years in accordance with International standards of accounting.