Results of Bank TuranAlem OJSC (Kazakhstan) for 2001

/KASE, Mar 05, 01/ - Bank TuranAlem OJSC (Almaty) provided the KASE with its preliminary (non-audited) financial statements for 2001: balance sheet and income and cash flows statements. 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) 12,870.2 17,137.5 +33.2 Shareholders' equity 10,892.2 17,415.9 +59.9 Total assets 79,585.5 162,399.7 +104.1 Liquid assets 16,563.6 43,034.2 +159.8 Loans granted (net) 55,149.3 110,003.7 +99.5 Liabilities, total 68,693.3 144,983.7 +111.1 Loans and deposits (including bonds) 62,121.1 132,787.0 +113.8 General incomes 14,798.6 22,776.7 +53.9 General expenses 12,649.0 20,556.7 +62.5 Net income 2,149.6 2,220.1 +3.3 -------------------------------------- --------- Calculated based on the issuer's data: -------------------------------------- --------- --------- ------- Return on equity (ROE), % 19.74 12.75 -35.4 Return on assets (ROA), % 2.70 1.37 -49.4 Earnings per 1 common share (EPS), KZT 1,670.21 1,724.98 +3.3 Price to earnings ratio (Р/Е) 6.18 8.67 +40.3 Book value of 1 share, KZT 8,463.11 10,162.50 +20.1 --------------------------------------------------------------------- Earnings per 1 common share (EPS) and price to earnings ratio (P/E) have been calculated without taking into account dividends on privileged shares that will be determined on General annual meeting of shareholders of the bank. Compared to the year 2000 growth took place in: - shareholders' equity of the company - by KZT6.5bn as a result of floatation of sixth issue privileged shares - by KZT4.3bn, increase of final amount of undistributed income - by KZT2.2bn, accumulations in reevaluation reserves - by KZT30.4m; - assets - by KZT82.8bn, of which: increase in loan portfolio - by KZT54.8bn, securities in the bank's portfolio - by KZT18.4bn, correspondent account - by KZT7.1bn, while other assets increase - by KZT2.5bn; - liabilities - by KZT76.3bn, which is caused by a growth in: deposits - by KZT63.9bn, credits attracted - by KZT3.2bn, and other liabilities - by KZT5.6 bn and the bank's bonds floatation - by KZT3.5bn; - income - by KZT8.0bn as a result of an increase of lending transactions income - by KZT6.1bn, commission income - by KZT1.1bn and other sources of income; - expenses - by KZT7.9bn in connection with an increase and assignation for reserves (provisions, by KZT3.0bn), deposits payments (by KZT2.9bn) and other expenses. Net income of the bank for 2001 equaled KZT2.2bn, which is KZT70.5m more than in 2000. Dynamics of some parameters of Bank TuranAlem OJSC for year 2001 quarterly, not accumulating result is given below in the table (in million tenge): Change, % Change, % Change, % Показатель I-2001 II-2001 III-2001 IV-2001 ------------------ -------- ------- --------- -------- --------- -------- --------- Change of deposits 14,570.3 -861.7 -105.9 34,862.0 +4,145.8 15,336.9 -56.0 Total income 5,187.1 5,404.7 +4.2 5,995.9 +10.9 6,189.1 +3.2 Net income 677.3 976.2 +44.1 281.3 -71.2 285.2 +1.4 ------------------------------------------------------------------------------------------ Today in KASE within official list of securities of categories "A" following securities of Bank TuranAlem OJSC are traded: - From September 8 of 1999 - common shares (KZ1C34920412, trade code - BTAS); - From February 19 of 2001 - coupon subordinated bonds of first issue (KZ2CUY08A320, trade code - BTASb1; $100; $20m; February 19, 2001 - February 19,2009; semiannual coupon at 12%APR, current yield in the market - 11,50%APR); - From July 19 of 2001 - euronotes (XS0131688227, trade code - BTASe1; $100m; June 28, 2001 - June 28,2004; semiannual coupon at 11,5%APR), issued by subsidiary TuranAlem Finance B.V. (Rotterdam, Netherlands) under 100% guarantee of the bank).