/KASE, September 19, 02/ - AMB OJSC (Almaty), whose securities are circulating under the stock exchange's official "А" listing category, presented KASE auditor's report made by Arthur Andersen (Almaty), conducted on the bank's consolidated financial statement for 2001, which had been prepared in compliance with Kazakhstan accounting standards.

According to the auditor's data the following indicators are results of the bank's economic and financial activity as of December 31 of 2001 and 2000 (in th. KZT, unless otherwise specified):

-------------------------------------------------------------------
Indicator                                          2000        2001
-------------------------------------------  ----------  ----------
Authorized capital (paid)                     1,211,100   3,099,100
Shareholders' equity                          1,791,276   4,250,911
Total assets                                 18,442,859  39,038,552
Sum of liquid assets                          8,199,686  11,043,561
Loans to clients (net)                        8,964,627  24,119,982
Total liabilities                            15,907,589  34,076,210
Clients' funds                               12,004,646  20,066,744
Banks' funds                                  2,541,682  12,282,998
Bonds issued                                    695,406           -
Subordinated debt                               743,994     711,431
Total revenues                                3,352,829   5,193,095
General expenses                              2,986,240   4,414,792
Net income                                      366,589     778,303
-------------------------------------------  ----------  ----------
It's been calculated by the auditor's data:
-------------------------------------------  ----------  ----------
Return on equity (ROE), %                         20.47       18.31
Return on assets (ROA), %                          1.99        1.99
Earnings per share (EPS), KZT                166,480.02      263.67
Book value of one share, KZT*                813,476.84    1,371.66
-------------------------------------------------------------------

* - Such the great difference of book value of one share my the mentioned dates is explained by the following:

• Book value of one share as of January 1, 01 has been calculated on the shares of first five issues, within the framework of which there were issued 2,202 only common shares with the face value of KZT550.0 th. each;
• Book value of one share as of January 1, 02 has been calculated on the shares of the sixth issue (registered on May 22, 01 with simultaneous annulling of previous issues), within the framework of which there were issued 2,011,100 shares with the face value of KZT1,000.0 each, of them: 1,611,100 shares - common, 400,000 - privileged.

Audit of the bank's consolidated financial statement was conducted by Arthur Andersen in compliance with international accounting and auditing standards.

The bank's consolidated financial statement for 2000 comprises financial statement of two subsidiary companies - Insurance company "ATF Police" CJSC (Almaty, market share - 100%, insurance activity) and ATF leasing LLP (Almaty, 91.0%, financial leasing), for 2001 - only the financial statement of Insurance company "ATF Police" CJSC.

In the auditor's opinion, the consolidated financial statement exactly and for sure reflects the bank's financial situation as of December 31 of 2001, and also results of its financial and economic activity and cash flow within the year, which ended by December 31 of the year 2001 in compliance with international accounting standards.

[2002-09-19]