ANALYSIS: Comparison of activity results of banks of KASE listing lists by the results of 1999, 2000 and 2001

/IRBIS, October 2, 02/ - Informational agency of financial markets IRBIS (Almaty), using data presented by Kazakhstan stock exchange (KASE), has finished the work on making of rating of Kazakhstan banks and non-banking financial organizations, which's shares and (or) bonds were traded at KASE in 2001 with the framework of official "А" and "В" listing categories. Rating has been made by financial indicators of companies judging on annual non-audited financial statement, presented by them to KASE in accordance with listing obligations. Using of audited statement turned out to be impossible for it had been made for different organizations in compliance with different accounting standards. Purpose of the rating is receiving of comparable characteristics of financial sector's listing companies by the results of their activity in 2001. Besides, dynamics of ratings, which were received by the single method for 1999, 2000 and 2001 is also of some interest. Materials presented below about quality and efficiency of work of the examined financial institutions must not be regarded as opinion of IRBIS. The final rating table was created on a composite basis by uniting the ratios of the banks that characterize the scale and effectiveness of their work. The values were obtained by step-by-step averaging the values of initial tables #1 - 6 based on the following way. Step one: average arithmetic mean was calculated for each of the tables #1 - 6. Step two: corresponding figure of each bank was correlated to average arithmetic mean of each table to obtain a coefficient. Step three: for each bank average arithmetic mean of the coefficients, which were found in step two, was calculated. In accordance with obtained values the bank was assigned a rating in the table. In accordance with the received indicators a company has been assigned ordinal position in the final table. FINAL RATING TABLE ------------------------------------------------------------------------------------------ Calculation by the results of activity in 2001 ------------------------------------------------------------------------------ Reference RATING Coefficients on: Positions: -------------------------- -------------------------------------------------- ---------- Code of a posi- WA indi- sharehol-- total net in in company tion cator assets ders equity revenue income ROA ROE 2000 1999 --------- ----- -------- ------ ----------- ------- ------ ----- ----- ---- ---- KKGB 1 3.197 4.099 3.211 3.903 5.333 0.853 1.784 1 1 BTAS 2 2.448 3.477 2.622 3.595 3.123 0.590 1.279 2 3 HSBK 3 1.285 2.783 1.213 3.015 0.329 0.078 0.291 3 2 BRKZ 4 1.191 0.534 3.733 0.153 1.085 1.331 0.312 - - ATFB 5 1.011 0.840 0.671 0.802 1.110 0.866 1.776 4 4 LARI 6 0.902 0.036 0.170 0.055 0.201 3.623 1.328 - - TEBN 7 0.810 0.471 0.343 0.510 0.640 0.892 2.004 6 6 CCBN 8 0.737 0.699 0.483 0.744 0.599 0.564 1.335 5 5 CSBN 9 0.724 0.322 0.240 0.407 0.450 0.918 2.008 - - VTBN 10 0.666 0.217 0.391 0.302 0.456 1.378 1.251 7 8 ASFI 11 0.598 0.191 0.367 0.168 0.390 1.335 1.140 - - ALFA 12 0.448 0.126 0.223 0.140 0.200 1.038 0.961 - - TXBN 13 0.187 0.126 0.163 0.127 0.055 0.289 0.362 - - NFBN 14 0.131 0.079 0.177 0.079 0.030 0.246 0.178 8 7 ------------------------------------------------------------------------------------------ INITIAL TABLES ------------------------------------------------------- Reference: previous periods ------------------------------ for 2001: for 2000: for 1999: Code -------------- -------------- -------------- of a indi- posi- indi- posi- indi- posi- company cator tion cator tion cator tion ------- ------- ----- ------- ----- ------- ----- Assets (m KZT) table 1 -------------------------------- --------------------- KKGB 191,480 1 109,960 1 72,427 1 BTAS 162,400 2 79,586 3 46,744 3 HSBK 129,990 3 103,289 2 57,160 2 ATFB 39,227 4 18,697 5 11,897 5 CCBN 32,647 5 19,057 4 13,830 4 BRKZ 24,929 6 - - - - TEBN 21,984 7 14,045 6 9,347 6 CSBN 15,044 8 8,956 - - - VTBN 10,143 9 6,149 7 2,847 7 ASFI 8,930 10 12,713 - - - TXBN 5,893 11 3,714 - - - ALFA 5,889 12 5,084 - - - NFBN 3,689 13 3,395 8 2,459 8 LARI 1,700 14 1,305 - - - ------- ------- ----- ------- ----- ------- ----- Total 653,945 385,951 216,710 ------- ------- ----- ------- ----- ------- ----- Shareholders' equity (m KZT) table 2 -------------------------------- --------------------- BRKZ 24,798 1 - - - - KKGB 21,328 2 14,579 1 11,696 1 BTAS 17,416 3 10,892 2 5,550 3 HSBK 8,054 4 7,839 3 5,756 2 ATFB 4,457 5 2,002 6 1,492 4 CCBN 3,205 6 2,148 4 1,447 6 VTBN 2,599 7 1,979 7 1,042 7 ASFI 2,436 8 2,174 - - - TEBN 2,280 9 2,132 5 1,490 5 CSBN 1,597 10 1,175 - - - ALFA 1,481 11 688 - - - NFBN 1,178 12 1,044 8 1,026 8 TXBN 1,085 13 1,046 - - - LARI 1,079 14 851 - - - ------- ------- ----- ------- ----- ------- ----- Total 92,993 48,548 29,498 -------------------------------- --------------------- Total revenue (m KZT) table 3 -------------------------------- --------------------- KKGB 24,711 1 15,842 1 17,078 1 BTAS 22,758 2 14,799 3 8,038 3 HSBK 19,086 3 14,803 2 13,742 2 ATFB 5,079 4 3,568 5 2,095 5 CCBN 4,709 5 4,071 4 2,953 4 TEBN 3,227 6 2,819 6 1,610 6 CSBN 2,574 7 1,217 - - - VTBN 1,913 8 974 7 656 7 ASFI 1,064 9 7,056 - - - BRKZ 968 10 - - - - ALFA 889 11 447 - - - TXBN 807 12 623 - - - NFBN 498 13 534 8 441 8 LARI 347 14 327 - - - ------- ------- ----- ------- ----- ------- ----- Total 88,630 67,078 46,613 -------------------------------- --------------------- Net income (m KZT) table 4 -------------------------------- --------------------- KKGB 3,791 1 2,907 1 2,199 1 BTAS 2,220 2 2,150 2 758 2 ATFB 789 3 494 3 477 4 BRKZ 771 4 - - - - TEBN 455 5 306 6 180 6 CCBN 426 6 346 5 260 5 VTBN 324 7 112 7 29 8 CSBN 320 8 68 - - - ASFI 277 9 185 - - - HSBK 234 10 230 4 630 3 LARI 143 11 151 - - - ALFA 142 12 11 - - - TXBN 39 13 106 - - - NFBN 21 14 58 8 41 7 ------- ------- ----- ------- ----- ------- ----- Total 9,952 7,125 4,575 -------------------------------- --------------------- Return on assets - ROA (%) table 5 -------------------------------- --------------------- LARI 8.41 1 11.55 - - - VTBN 3.20 2 1.83 5 1.02 8 ASFI 3.10 3 1.46 - - - BRKZ 3.09 4 - - - - ALFA 2.41 5 0.21 - - - CSBN 2.13 6 0.76 - - - TEBN 2.07 7 2.18 4 1.92 3 ATFB 2.01 8 2.64 3 4.01 1 KKGB 1.98 9 2.64 2 3.04 2 BTAS 1.37 10 2.70 1 1.62 6 CCBN 1.31 11 1.82 6 1.88 4 TXBN 0.67 12 2.87 - - - NFBN 0.57 13 1.72 7 1.67 5 HSBK 0.18 14 0.22 8 1.10 7 ------- ------- ----- ------- ----- ------- ----- Average 2.32 2.51 2.03 -------------------------------- --------------------- Return on equity - ROE (%) table 6 -------------------------------- --------------------- CSBN 20.02 1 5.79 - - - TEBN 19.98 2 14.34 5 12.07 5 KKGB 17.78 3 19.94 2 18.81 2 ATFB 17.70 4 24.07 1 31.96 1 CCBN 13.31 5 16.13 3 17.96 3 LARI 13.24 6 17.70 - - - BTAS 12.75 7 19.74 4 13.66 4 VTBN 12.47 8 5.67 8 2.78 8 ASFI 11.36 9 8.52 - - - ALFA 9.58 10 1.54 - - - TXBN 3.61 11 10.18 - - - BRKZ 3.11 12 - - - - HSBK 2.90 13 2.94 6 10.95 6 NFBN 1.77 14 5.60 7 4.01 7 ------- ------- ----- ------- ----- ------- ----- Average 9.97 11.26 14.02 Codes of financial institutions: ATFB - Almaty Merchant Bank CJSC (Almaty); ASFI - Astana-finance OJSC (Astana); ALFA - DB Alfa-bank OJSC (Almaty); BTAS - Bank TuranAlem OJSC (Almaty); BRKZ - Development Bank of Kazakhstan CJSC (Astana); CCBN - Bank CenterCredit OJSC (Almaty); CSBN - BANK CASPIAN OJSC (Almaty); HSBK - Halyk Bank of Kazakhstan OJSC (Almaty); KKGB - KAZKOMMERTSBANK OJSC (Almaty); LARI - JB LARIBA BANK OJSC (Almaty); NFBN - Neftebank OJSC (Aktau); TEBN - TEMIRBANK OJSC (Almaty); TXBN - TexaKaBank OJSC (Almaty); VTBN - VALYUT TRANZIT BANK OJSC (Karaganda). [2002-10-02]