Results of SB LARIBA BANKANK OJSC (Kazakhstan) for 2001

/KASE, Mar 14, 01/ - SB LARIBA BANK OJSC (Almaty) provided the KASE with its preliminary (non-audited) financial statements for 2001: balance sheet and income and cash flow statements. By the data of the bank following are the results of financial and economic activity for 2001 (in th. KZT, unless otherwise specified): ------------------------------------------------------------------ As of As of Change, Ratio Jan 1 '01 Jan 1 '02 % -------------------------------------- --------- --------- ------- Authorized capital (paid) 629,036 775,430 +23.3 Shareholders' equity 629,036 1,079,209 +71.6 Total assets 1,304,752 1,699,626 +30.3 Liquid assets 309,797 302,693 -2.3 Loans granted (net) 744,064 1,118,305 +50.3 Liabilities, total 453,350 620,417 +36.9 Loans and deposits 430,815 611,559 +42.0 Total incomes 330,325 354,216 +7.2 Total expenses 179,626 211,285 +17.6 Net income 150,699 142,931 -5.2 -------------------------------------- --------- --------- ------- Calculated based on the issuer's data: -------------------------------------- --------- --------- ------- Return on equity (ROE), % 17.70 13.24 -25.5 Return on assets (ROA), % 11.55 8.41 -27.2 ------------------------------------------------------------------ Compared to the year 2000 growth took place in: - shareholders' equity of the company - by KZT227.8m as a result of increase of paid part of authorized capital - by KZT146.4m, accumulations in funds and reserves - by KZT89.0m at decrease of final amount of undistributed income- by KZT7.6m; - assets - by KZT394.9m of which: increase in net volume of loan portfolio - by KZT374.2m, other assets increase - by KZT20.6m; - liabilities - by KZT167.1m, which is caused by a growth in deposits - by KZT180.7m at decrease of other liabilities - by KZT13.6m; - income - by KZT23.9m as a result of an increase of commission incomes - by KZT19.8m, loan transactions income - by KZT11.5m, financial transactions - KZT8.4m at a decrease of other incomes - by KZT15.8m; - expenses - by KZT31.7m in connection with an increase of bank personnel expenses - by KZT12.9m, deposits payments - by KZT3.4m and other expenses by KZT15.4m. Net income of the bank for 2001 equaled KZT142.9m, which is KZT7.8m less than in 2000. Dynamics of some parameters of SB LARIBA BANK OJSC for year 2001 quarterly, not accumulating result is given below in the table (in million tenge): --------------------------------------------------------------------------- Change, Change, Change, Ratio I-2001 II-2001 % III-2001 % IV-2001 % ------------------ ------ ------- -------- -------- ------- ------- ------- Change of deposits 5.2 179.8 +3,383.7 125.0 -30.4 -129.2 -203.3 Total income 87.2 78.0 -8.3 100.0 +25.0 87.1 -12.9 Net income 44.6 34.0 -23.8 47.3 +38.9 17.0 -57.6 --------------------------------------------------------------------------- Coupon secured bonds of the first issue of SB LARIBA BANK OJSC (KZ2CUY03A396, trade code - LARIb1, $1m, $1,000, Aug 16,01 - Aug 16,04, semiannual coupon at 7.75% APR) are included in official list of KASE securities under category "B" from August 15,2001.