REFERENCE: SB Alfa-Bank OJSC (Kazakhstan) - dynamics of financial indicators, prudential norms

/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". SB Alfa-Bank OJSC prepares financial reporting in compliance with Kazakhstan accounting standards and also banking legislation, instructions and provisions of the National bank of the Republic of Kazakhstan. Following are data of financial reporting (in th. KZT, unless otherwise is specified) presented to KASE by the issuer and indicators calculated by the exchange on their basis. Total amount of liquid assets and own equity are determined in accordance with the National Bank instruction. --------------------------------------------------------------------------- Indicator As of Jan As of Jan As of Jan As of Jan 01,99 01,00 01,01 01,02 ------------------------------- --------- --------- --------- --------- Authorized capital (paid 339,681 339,681 339,681 1,000,000 Shareholders' equity 595,656 993,005 1,070,811 2,015,299 Total assets 1,720,882 2,451,890 5,084,124 5,888,530 Liquid assets 927,188 1,897,370 1,757,567 2,001,231 Credits granted 682,857 403,448 3,075,984 3,583,428 Loans and deposits 1,116,834 1,732,496 4,166,337 4,242,556 Incomes from operating activity 337,379 498,714 447,264 888,720 Nat income 91,326 98,489 10,577 141,856 Return on assets (ROA), % 5.31 4.02 0.21 2.41 Return on equity (ROE), % 15.76 14.45 1.54 9.58 --------------------------------------------------------------------------- SB Alfa-Bank OJSC has been performing international audit of financial reporting from 1997. Audit of financial reporting of the bank for 1997 and 1998 was performed by PricewaterhouseCoopers (Almaty, Kazakhstan), for 1999 and 2000 - Arthur Andersen (Almaty, Kazakhstan). Following is a table composed based on data of audit conclusions (in th. KZT, unless otherwise is specified). ------------------------------------------------------------------------ Indicator As of As of As of Jan 01,99 Jan 01,00 Jan 01,01 -------------------------------- ---------------- --------- --------- Authorized capital (paid) 339,681 339,681 339,681 Shareholders' equity 577,061 676,950 678,431 Total assets 1,706,086 2,449,875 5,076,526 Liquid assets 916,890 1,897,370 1,869,728 Floating and loans to clients 671,552 402,144 3,070,644 Banks' indebtedness 5,929 1,673,219 779,927 Indebtedness to banks and other credit organizations 376,921 205,632 1,178,579 Subordinated debt 17,664 297,111 361,250 Nat income (loss) 84,594 105,437 1,481 Return ion equity (ROЕ), % 4.96 0.16 0.00 Return on assets (ROА), % 14.66 0.04 0.00 ------------------------------------------------------------------------ According to PricewaterhouseCoopers, financial reporting of SB Alfa-Bank OJSC for 1998 in all significant aspects reflects financial position of the bank as well results of its financial and economic activity and cash flows for given period in compliance with International accounting standards. According to Arthur Andersen, balance reports for 1999 and 2000 years in all significant aspects reflect truly financial position of the bank as well as results of financial and economic activity and cash flows for given period in compliance with International accounting standards. Auditors confirm that as of December 31 of 1999 and 2000 years liquidity level of SB Alfa-Bank OJSC and other indicators correspond to prudential norms stated by the National Bank of Kazakhstan. Data on performance by SB Alfa-Bank OJSC of prudential norms ----------------------------------------------------------------------------- Ratio Jan 01,99 Jan 01,00 Jan 01,01 Jan 01,02 --------------------------------- --------- --------- --------- --------- Core capital К1, th. KZT 574,538 578,686 673,269 1,275,924 Supplementary capital К2, th. KZT 21,318 414,519 397,742 739,575 Shareholders' equity К, th. KZT 595,656 993,005 1,070,811 2,015,299 Capital sufficiency ratio k1 (allowed min = 0.04) 0.33 0.24 0.13 0.22 Capital sufficiency ratio k2 (allowed min = 0.12) 0.77 0.50 0.28 0.44 Maximum risk for one borrower k3 (allowed max = 0.25) 0.24 0.18 0.24 0.19 Maximum risk for one borrower k3 (allowed max = 0.10) 0.01 0.00 0.00 0.04 Current liquidity ratio k4 (min = 0.2) 2.96 2.17 0.51 0.58 Ratio of investments to shareholders' equity k5 (allowed max = 0.5) 0.18 0.11 0.10 0.07 ----------------------------------------------------------------------------- Following is a comparison of indicators of SB Alfa-Bank with average indicators on four comparable on a size of shareholder's equity Kazakhstan's banks. Average values of indicators were calculated based on data of financial reporting presented to KASE by banks that are members of the exchange of category "B" (participation in trades with foreign currency). Comparable data as of February 2002 with other commercial banks (th. KZT, unless otherwise is specified) ------------------------------------------------------ Indicator SB Alfa-Bank OJSC Average value -------------------- ----------------- ------------- Shareholder's equity 2,071,465 1,717,555 Assets 6,338,742 7,319,581 Net income 32,371 13,942 k1 (min 0.04) 0.26 0.22 k2 (min 0.08) 0.47 0.68 k4 (min 0.20) 0.67 1.28 ROА, % 0.51 0.19 ROE, % 1.56 0.81 ------------------------------------------------------