Results of KAZKOMMERTSBANK OJSC (Kazakhstan) for 2001

/KASE, Apr 26, 01/ - KAZKOMMERTSBANK OJSC (Almaty) securities of which are traded in official list of the exchange under category "A" provided the KASE with its financial statements for 2001 (audited based on Kazakhstan accounting and audit standards): balance sheet and income and cash flow statement. By the data of the issuer following are results of the company's financial and economic activities in 2001 (in th. KZT unless otherwise specified): ---------------------------------------------------------------------- As of As of Change, Ratio Jan 1 '01 Jan 1 '02 % -------------------------------------- ----------- ----------- ------- Authorized capital (issued) 2,942,200 4,192,201 +42.5 Authorized capital (paid) 2,942,200 3,498,102 +18.9 Shareholders' equity 14,579,105 21,328,413 +46.3 Total assets 109,959,876 191,479,721 +74.1 Liquid assets 36,599,241 41,039,951 +12.1 Loans granted 63,555,799 136,165,355 +114.2 Liabilities 95,380,771 170,151,308 +78.4 Loans and deposits (including bonds) 86,591,115 164,178,123 +89.6 Total income 15,862,760 24,821,311 +56.5 General expenses 12,955,795 21,030,181 +62.3 Net income 2,906,965 3,791,130 +30.4 -------------------------------------- ----------- ----------- ------- Calculated based on the issuer's data: -------------------------------------- ----------- ----------- ------- Return on equity (ROE), % 19.94 17.78 -10.9 Return on assets (ROA), % 2.64 1.98 -25.1 Book value of 1 share, KZT 51.08 60.97 +19.4 Earning per common share (EPS), KZT 10.18 12.89 +26.5 Price to earnings ratio (P/E) - 5.07 - ---------------------------------------------------------------------- Compared to the year 2000 growth took place in: - shareholders' equity of the bank - by KZT6.7bn as a result of increase of authorized capital (issue of privileged shares of 8th issue) - by KZT555.9m, additional paid capital - KZT2.6bn, final amount of undistributed income by KZT3.6bn at decrease of accumulations in the funds and reserves - by KZT15.6m; - assets - by KZT81.5bn (growth of loan portfolio equaled KZT72.6bn, correspondent accounts - by KZT6.0bn, securities portfolio decrease - by KZT3,8bn, other assets increase - by KZT6.7bn; - liabilities - by KZT74.8bn that was conditioned by the growth deposits by KZT65.3bn, attracted credits - by KZT11.1bn at decline of other liabilities - by KZT1.6bn; - total income - by KZT9.0bn that was conditioned to the growth of income from loan transactions - by KZT6.8bn, re-evaluation income - by KZT1.7bn, commission income - by KZT620.4m at a decline of other income by KZT119.5m; - expenses - by KZT8.1bn from which: deposits payments - KZT2.9bn, assignations for reserves (provisions) - KZT3.5bn, personnel and office expenses - KZT695.5m and other expenses - KZT1.0bn. Net income of KAZKOMMERTSBANK OJSC received in 2001 equaled KZT3.8bn, or KZT884.2m more than in 2000. Following is the table of dynamics of some of the bank's indicators for 2001 on a quarterly and non-accruing sum basis (in m. KZT): ----------------------------------------------------------------------------- Changm, Change, Change, Ratio I-2001 II-2001 % III-2001 % IV-2001 % ------------------ ------- -------- ------- -------- ------- -------- ------- Change in deposits 6,368.1 31,457.2 +394.0 6,698.4 -78.7 20,744.2 +209.7 Total income 4,829.2 5,355.5 +10.9 6,461.8 +20.7 8,174.9 +26.5 Net income 1,111.5 1,283.3 +15.5 436.2 -66.0 960.1 +120.1 ----------------------------------------------------------------------------- [2002-04-26]