Results of General meeting of shareholders of SB Alfa-Bank OJSC (Kazakhstan)

/KASE, May 13, 02/ - SB Alfa-Bank OJSC (Almaty) bonds of which are traded in official list of the exchange securities under category "A" presented KASE a copy of protocol of annual General meeting of shareholders that was held on April 15,2002. In compliance with adopted day agenda of the meeting the shareholders of SB Alfa-Bank OJSC approved a report of Revision commission, report on results of financial and economic activities and annual balance for the year 2001 approved by audit conclusion of Andersen firm. Also the shareholders decided to retain undistributed net income in the amount of 132,103 th. tenge received by results of 2001 in the banks disposition. On behalf of the Board the Chairman of the Board - Artyshko A.I. made speech on results of the activity for the year 2001. It is noted in the report that in 2001 authorized capital of the bank increased up to 1.0bn tenge due to realization of additional issue of shares for the amount of 660,319 th. tenge. With the purpose of further realization of own capital in December of 2001 the bank attracted additional subordinated loan in the amount of USD900.0 th., in the result of which shareholders' equity of the bank as of January 01, 2002 (calculated by the method of the National Bank of Kazakhstan - KASE note) increased up to 2,015.3 tenge. The bank's assets as of the end of 2001 accounted for 5.9bn tenge, liabilities - 4.4bn tenge, net income - 132.1m tenge. As of January 01, 2002 there were opened 27,955 personal accounts, from which deposit accounts of clients - 21,045. In 2001 there were granted credits in the volume of 11.5bn tenge, senior debt on borrowings for the amount of 11.3bn tenge. By a resolution#248 of the Board of the National Bank of Kazakhstan dated June 25,01 SB Alfa-Bank OJSC was admitted as performed all requirements of the Rules of second tier banks transition to international standards. It is noted in the report that for SB Alfa-Bank OJSC the affiliated company is SB Alfa-Bank OJSC (Moscow, Russia) that owns 99.54% shares of subsidiary Kazakhstan bank. For 2001 SB Alfa-Bank OJSC attracted from parental bank deposits in the amount of 129.8m tenge or 6.61% of total volume of attracted interbank deposits, placed deposits in parental bank - 68.6m tenge or 0.18% of total volume of placed interbank deposits. As of January 01,2002 total amount of subordinated debt from Moscow SB Alfa- Bank OJSC accounted for USD3.4 million from which: USD2.5m are due to maturity on December 01,2007 and USD 900 th. - on December 27,2008. [2002-05-13]