Results of Valut-Tranzit Bank OJSC (Kazakhstan) for 2001

/KASE, Apr 08, 01/ - Valut-Tranzit Bank OJSC (Almaty) securities of which are traded in official list of the exchange securities under category "A" provided the KASE with its 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Jan 1 '01 Jan 1 '02 % -------------------------------------- --------- ---------- ------- Authorized capital (less withdrawn) 1,300,000 1,299,560 +0.0 Shareholders' equity 1,978,757 2,599,456 +31.4 Book value of assets 6,149,274 10,142,846 +64.9 Liquid assets 773,922 1,477,870 +91.0 Liabilities, total 4,170,517 7,543,390 +80.9 Loans and deposits (including bonds) 4,100,412 7,306,590 +78.2 Credits granted 4,704,443 7,678,732 +63.2 Total income 973,593 1,912,523 +96.4 Total expenses 861,338 1,588,373 +84.4 Net income 112,255 324,150 +188.8 -------------------------------------- --------- ---------- ------- Calculated based on the issuer's data: -------------------------------------- --------- ---------- ------- Return on equity (ROE), % 1.83 12.47 +583.1 Return on assets (ROA), % 5.67 3.20 -43.7 Earning per common share (EPS), KZT 18.12 66.51 +267.0 Price to earnings ratio (P/E) 20.42 6.04 -70.4 Book value of 1 share, KZT 304.42 400.05 +31.4 ---------------------------------------------------------------------- Compared to the year 2000 growth took place in: - shareholders' equity of the bank - by KZT620.7m as a result of increase of additional capital - by KZT327.3m, undistributed income - by KZT212.1m, accumulations in funds and reserves - by KZT81.7m, at the f the capital (repurchase of own shares) by KZT0.4m; - assets - by KZT4.0bn of which: net volume of loan portfolio - by KZT3.0bn, securities in the bank's portfolio - by KZT376.7m, cash - KZT133.7m, correspondent accounts - by KZT106.8bn, other assets increase - by KZT402.1m; - liabilities - by KZT3.4bn, from which: increase of placed in the bank deposits - by KZT2.2bn, other liabilities - by KZT385.1bn, issued into circulation bonds - by KZT835.3m; - income from operating activities - by KZT938.9m that was conditioned by increase of income on loan transactions by KZT673.8m and other sources of income by KZT265.1m; - expenses - by KZT727.0m in connection with increase of payments on deposits by KZT205.6m, personnel and office expenses by KZT263.1m, assignations for reserves (provisions) - by KZT99.9m and other expenses by KZT158.4m. Net income of the bank for 2001 totaled KZT324.2m that relative to the year 2000 grew by KZT211.9m or by 3 times more than in last year. Dynamics of some parameters of Valut-Tranzit 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 in deposits 646.2 3,073.2 +375.6 -2,549.4 -183.0 982.4 +138.5 Total income 353.4 466.8 +32.1 600.2 +28.6 492.2 -18.0 Net income 47.1 97.5 +106.8 166.6 +71.0 12.9 -92.2 -------------------------------------------------------------------------------- [2002-04-08]