Auditor's report on JB LARIBA BANK OJSC (Kazakhstan) financial statement for 2001

/KASE, July 24, 02/ - JB LARIBA BANK OJSC (Almaty), whose bonds are circulating under stock exchange's official "B" listing category, presented KASE auditor's report of KPMG Janat (Almaty, Kazakhstan), made on the bank's financial statement for 2001, prepared in compliance with International accounting standards. According to the data of independent auditor result of the bank's financial and economic activity by January 1, 2001 were the following indicators (in th KZT unless otherwise specified): -------------------------------------------------------------------- Indicator 2000 2001 ------------------------------------------------ --------- --------- Authorized capital (paid) 629,036 901,305 Shareholders' equity 851,402 1,037,957 Total assets 1,304,673 1,678,731 Total liquid assets 309,918 302,890 Floatations and loans to banks (net) 125,012 118,705 Loans and advances to clients (net) 729,095 1,089,830 Indebtedness to banks 2,168 5,107 Indebtedness to clients 428,647 606,452 Revenues from operational activity 321,401 336,373 Total expenses 168,944 234,801 Net income 152,457 101,572 ------------------------------------------------ --------- --------- According to the auditor's data it's calculated: ------------------------------------------------ --------- --------- Return on equity (ROE), % 17.9 9.8 Return on assets (ROA), % 11.7 6.1 -------------------------------------------------------------------- * not audited Audit was carried out by KPMG Janat in accordance with International auditing standards. The bank's financial statement was correspondingly corrected with the purpose of compliance with the International accounting standards. In the auditor's opinion the financial statement, in all significant aspects reflects the bank's financial situation as of January 1, 2002 and the results of its activity and cash flow within the reporting period in compliance with International accounting standards. [2002-07-24]