Auditing report on financial statements of VALUT-TRANZIT BANK OJSC (Kazakhstan) for 2001

/KASE, Apr 30, 02/ - VALUT-TRANZIT BANK OJSC (Karagandy), whose securities are traded in official list of the Exchange securities under category "A", provided the KASE with auditing report of Deloitte & Touche (Almaty, Kazakhstan) made on consolidated financial statements of the banks for 2001, which have been prepared by International Accounting Standards. By the data of an independent auditor, who finished the report on May 1, 2002, following are the results of financial and economic activities of the banks as of December 31, 2001 (in th. KZT, unless otherwise specified): ----------------------------------------------------------- Ratio 2000 2001 ------------------------------------- --------- --------- Authorized capital (paid) 1,300,000 1,299,560 Shareholders' equity 1,877,327 2,413,039 Total assets 6,057,302 9,975,195 Total liquid assets 777,223 1,531,128 Loan portfolio (including lease), net 4,645,887 7,516,688 Liabilities to banks 699,350 1,035,410 Liabilities to clients 3,412,601 5,103,296 Issued debt securities - 827,795 Operating income 953,203 1,912,221 General expenses 912,073 1,701,925 Net income 41,130 210,296 ------------------------------------- --------- --------- Calculated by auditor's data ------------------------------------- --------- --------- Return on equity (ROE), % 2.19 8.71 Return on assets (ROA), % 0.68 2.11 Earnings per share (EPS), KZT 3.53 42.71 Book value of a share, KZT 288.82 371.36 ----------------------------------------------------------- Audit was conducted by Deloitte & Touche based on International Auditing Standards. In previous financial statements classification of a number of amounts has been changed to make them in compliance with the classification adopted in statements of 2001. In the opinion of the auditor, financial statements give true reflection financial condition of VALUT-TRANZIT BANK OJSC as of December 31, 2001, results of its activities and cash flows for the year that ended on this date based on International Accounting Standards. Auditor confirms that as of December 31, 2000 the bank met all prudential norms and requirements on minimum capital set by the National Bank of Kazakhstan. [2002-04-30]