Results of NEFTEBANK OJSC (Kazakhstan) for 2001

/KASE, Mar 01, 02/ - NEFTEBANK OJSC (Aktau) provided the KASE with its non-audited financial statements for 2001: balance sheet and income statement. By the data of the issuer following are the results of the company for 2001 (in th. KZT unless otherwise specified): ---------------------------------------------------------------- As of As of Change, Ratio Jan 1 '01 Jan 1 '02 % --------------------------------- --------- --------- ------- Authorized capital (paid) 678,365 847,841 +25.0 Shareholders' equity 1,043,880 1,177,796 +12.8 Total assets 3,395,240 3,689,417 +8.7 Liquid assets 816,635 451,973 -44.7 Liabilities, total 2,351,360 2,511,621 +6.8 Loans and deposits 2,240,124 2,478,486 +10.6 Granted credits 2,052,210 2,571,286 +25.3 Revenues 554,992 552,225 -0.5 Total expenses 496,580 531,332 +7.0 Net income (loss) of the period 58,412 20,893 -64.2 --------------------------------- --------- --------- ------- Calculated based on issuer's data --------------------------------- --------- --------- ------- Return on assets (ROA), % 1.72 0.57 -67.1 Return on equity (ROE), % 5.60 1.77 -68.3 Earnings per share (EPS), KZT 113.75 32.55 -71.4 Price to earnings ratio (P/E) - 34.73 - Book value of 1 share, KZT 2,032.78 1,835.09 -9.7 ---------------------------------------------------------------- Compared to the year 2000 the changes took place: - shareholders' equity of the company increased by KZT133.9m as a result of the increase of the paid authorized capital up by KZT169.5m and accumulations in funds and reserves - by KZT14.8m at a decline of final amount of undistributed income by KZT50.4m; - assets increased by KZT294.2m, including: net-volume of the loan portfolio - by KZT519.1m; residual value of fixed assets - by KZT105.1m; other assets -by KZT31.2m at a decline of amounts on correspondent accounts - by KZT361.2m; - liabilities increased by KZT160.1m as a result of attraction of subordinated loan for the amount of KZT375.5m at a decrease of deposits by KZT89.0m, liabilities before the National Bank and the Government of the Republic of Kazakhstan - byKZT48.1m, other liabilities - byKZT78.1m; - revenues decreased by KZT2.8m in connection with a decrease of revenues from financial transactions and a rise of losses from re- estimation; - expenses rose by KZT34.8m; By the results of 2001 Neftebank OJSC income decreased by KZT37.5m than for the same period of 2000. The following table represents dynamics of some parameters of Neftebank OJSC for year 2001 quarterly not cumulating result (in million tenge): --------------------------------------------------------------------------- Change, Change, Change, Ratio I-2001 II-2001 % III-2001 % IV-2001 % ------------ ------ ------- ------- -------- ------- ------- ------- Deposits change 25.1 230.0 +815.9 -457.3 -298.8 113.2 +124.8 Gross income 149.6 152.5 +2.0 113.8 -25.4 134.5 +18.2 Net income -11.7 18.8 +261.1 1.9 -90.1 11.9 +540.3 --------------------------------------------------------------------------- Currently common inscribed shares of Neftebank OJSC (KZ1C36500212, trade code - NFBN) are circulated under the official list of the exchange, under category "В".