REFERENCE: SB Alfa-Bank OJSC (Kazakhstan) -incomes and expenses

/IRBIS, information of the KASE Listing commission, March 4, 02/ - The following information is published due to the admittance of the first issue indexed inscribed coupon bonds of SB Alfa-Bank OJSC (SB Alfa-Bank OJSC, Almaty) into official list of the Kazakhstan Stock Exchange (KASE) under category "A". Excepting the year 2000, operating incomes of SB Alfa-Bank OJSC have been increasing ((1998 - KZT337.4m, 1999 - KZT498.7m, 2000 - KZT447.3m, 2001 - KZT888,7m). The biggest share in a total volume of the bank's income belongs to interest incomes that for last three years have increased by KZT305.5m or 2.2 times, which has been conditioned, first of all, by a growth of loan portfolio. Incomes from financial transactions for last three years has grown by KZT56.3m or 3.7 times, commission revenues has risen for the same period by KZT119.3m or 3.3 times. Expenses of SB Alfa-Bank OJSC for 1999-2002 have grown by KZT560.1m or 3.4 times. By the end of 2001 operating expenses of the bank had totaled KZT791.8m. The largest share in a total amount of operating expenses of the bank belongs to personnel and administrative expenses that have increased for 1999-2001 years by KZT205.7m or 2.9 times that has been conditioned by an expansion of client base and extension of the staff. Growth of interest expenses for 1999-2001 years by KZT97.0m or 3 times has occurred in the result of deposit base expansion. Net income of SB Alfa-Bank OJSC for 1999 totaled KZT98.5m (growth to 1998 by 7.8%), for 2000 - KZT10.6m (decline to 1999 by 89.3%), for 2001 - KZT141.9m (growth to 2000 - 12.4 times).