Results of BANK CASPIAN OJSC (Kazakhstan) for 2001

/KASE, Mar 12, 01/ - BANK CASPIAN OJSC (Almaty) provided the KASE with its preliminary (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--------- ---------- ------- Authorized capital (paid) 1,000,020 1,470,000 +47.0 Authorized capital (paid les withdrawn) 840,000 993,223 +18.2 Shareholders' equity 1,175,296 1,597,322 +35.9 Total assets 8,956,450 15,043,652 +68.0 Liquid assets 4,827,951 5,998,881 +24.3 Loans granted (net) 3,222,184 7,972,029 +147.4 Liabilities, total 7,781,154 13,446,330 +72.8 Loans and deposits (including bonds) 6,773,979 12,486,701 +84.3 General incomes 1,356,230 2,614,262 +92.8 General expenses 1,288,235 2,294,408 +78.1 Net income for the period 67,995 319,854 +370.4 --------------------------------------- --------- ---------- ------- Calculated based on the issuer's data: --------------------------------------- --------- ---------- ------- Return on equity (ROE), % 5.79 20.02 +246.1 Return on assets (ROA), % 0.76 2.13 +180.1 -------------------------------------------------------------------- Compared to the year 2000 growth took place in: - shareholders' equity of the company - by KZT422.0m including: paid part of authorized capital - by KZT153.2m, accumulations in funds and reserves - by KZT161.4m, additional capital (premiums o shares) - by KZT72.2m; final amount of undistributed income- by KZT35.2m; - assets - by KZT6.1bn, of which: increase in net volume of loan portfolio - by KZT4.7bn, correspondent account - by KZT2.1bn, other assets increase - by KZT198.7m, while decrease of securities in the bank's portfolio - by KZT934.8m; - liabilities - by KZT5.bn, which is caused by a growth in: attracted deposits - by KZT4.0bn, credits - by KZT906.9bn, the bank's bonds floatation - by KZT826.1m and decrease of other liabilities - by KZT47.5m; - income - by KZT1.3bn as a result of an increase of lending transactions income - by KZT759.3bn, financial transactions income - by KZT217.3m, reevaluation income - KZT140.3m and other sources of income - by KZT141.1m; - expenses - by KZT1.0bn in connection with an increase of deposits payments - by KZT468.9m and assignation for reserves (by KZT169.3m), personnel expenses - by KZT 160.5m and other expenses by KZT207.5m. Net income of the bank for 2001 equaled KZT319.6m, which is KZT251.9m or 4.7 times more than in 2000. Dynamics of some parameters of BANK CASPIAN 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 1,069.7 38.3 -96.4 1,210.1 +3,057.4 1,661.6 +37.3 Total income 479.7 613.6 +27.9 800.2 +30.4 720.8 -9.9 Net income 14.1 96.6 +585.4 145.2 +50.3 63.9 -56.0 ---------------------------------------------------------------------------- Coupon bonds of the first issue of BANK CASPIAN OJSC (KZ2CUY03A370, trade code - CSBNb1, $15m, $100, Jul 13,01 - Jul 13,04, semiannual coupon at 9.5% APR) are traded in official list of KASE securities under category "А" from July 19,2001.