Results of TexaKaBank OJSC (Kazakhstan) in 2001

/KASE, Jan 24, 02/ - TexaKaBank OJSC (Almaty) provided the KASE with its financial statements for the year 2001: balance sheet, income and cash flow statements. By the data of the bank, the following are the results of the company in 2001 (in th. KZT unless otherwise specified): ------------------------------------------------------------------ As of As of Change, Ratio Jan 1 '01 Jan 1 '02 % ------------------------------------ --------- ----------- ------- Authorized capital 566,220 641,500 +21.9 Shareholders' equity 1,045,512 1,084,716 +3.7 Total assets 3,714,144 5,893,454 +58.7 Liquid assets 1,573,024 1,227,200 -22.0 Credits granted (net) 1,516,160 3,764,082 +148.3 Total liabilities 2,652,717 4,808,738.0 +81.3 Loans and deposits (including bonds) 2,582,806 4,671,220 +80.9 General income 637,119 811,309 +28.7 General expenses 530,651 772,105 +45.6 Net income of the period 106,468 39,204 -63.2 ------------------------------------ --------- ----------- ------- Calculated based on issuer's data: ------------------------------------ --------- ----------- ------- Return on equity (ROE), % 2.87 0.67 -76.8 Return on assets (ROA), % 10.18 3.61 -64.5 ------------------------------------------------------------------ Compared to 2000 the growth took place in: - shareholders' equity of the bank - by KZT39.2m as a result of an increase in paid part of authorized capital by KZT115.3m and reserve capital by KZT35.3m with a decrease in final amount of undistributed income by KZT11.4m; - assets - by KZT2.2bn, caused by the growth in net volume of loan portfolio; - liabilities - by KZT2.2bn, including: deposits by KZT1.3bn, other liabilities by KZT893.3m (including bonds floated for KZT825.7m); - income - by KZT174.2m (on lending activities, commissions and others); - expenses - by KZT241.5m (increase in interest payments, allocations to reserves and other expenses). Net income of TexaKaBank OJSC in 2001 decreased by KZT67.3m relative 2000, at KZT39.2m. Shareholders' equity of the bank, calculated by the methods of the National Bank of Kazakhstan, equaled KZT1,610,325 th. as of January 1, 2002. Following table contains the dynamics of some figures of TexaKaBank OJSC activities in 2001 on a quarterly and non-accumulating sum basis (m KZT): --------------------------------------------------------------------------- Change, Change, Change, Indicator I-2001 II-2001 % III-2001 % IV-2001 % ------------------ ------ ------- -------- -------- ------- ------- ------- Change in deposits -24.4 456.6 +1,971.2 225.4 -50.6 605.2 +168.5 Total income 163.7 179.9 +9.9 207.2 +15.2 260.5 +25.7 Net income 27.8 3.7 -86.8 24.3 +562.7 -16.6 -168.1 --------------------------------------------------------------------------- Subordinated coupon bonds of NOC KAZAKHOIL CJSC (KZ2СKY05A416; KZT1.5bn; KZT1,000; Sept 1.01 - Sept 1.06; semiannual coupon at 15% APR) were admitted to the official list of the KASE under category "A" on September 25, 2001.