Results of activity of Halyk Bank of Kazakhstan OJSC (Kazakhstan) for 2002

/KASE, March 31, 03/ - Halyk Bank of Kazakhstan OJSC (Almaty), whose securities are circulating in the stock exchange's official "А" listing category, provided KASE with financial statement for 2002: balance sheet, income statement and cash flow statement. Following indexes are result of the bank's financial and economic activity for 2002, based on the bank's data (in th. KZT, unless otherwise specified): ------------------------------------------------------------------------ as of as of Increase / Index Jan 1, 02 Jan 1, 03 decrease, % ------------------------------------ ----------- ----------- ----------- Issued (paid) authorized capital 5,422,600 9,669,706 +78.3 Shareholders' equity 8,053,648 16,422,173 +103.9 Total assets 129,989,745 196,498,464 +51.2 Liquid assets 33,133,240 53,884,545 +62.6 Given credits (net) 85,820,090 126,560,252 +47.5 Liabilities, total 121,936,097 180,076,291 +47.7 Loans and deposits (including bonds) 115,775,598 173,285,426 +49.7 Issued bonds 2,411,865 4,468,713 +85.3 Total revenues 21,154,457 28,323,265 +33.9 General expenses 16,380,668 18,471,825 +12.8 Net income for the period 233,654 2,561,133 +996.1 ------------------------------------ ----------- ----------- ----------- It's been calculated according to issuer's data: ------------------------------------------------------------------------ Return on equity (ROE), % 2.90 15.60 +437.6 Return on assets (ROA), % 0.18 1.30 +625.1 book value of one share, KZT 148.52 169.83 +14.3 Earnings per share (EPS), KZT 4.31 34.57 +702.3* Price earnings ratio (P/E) 41.66 3.76 -91.0* ------------------------------------------------------------------------ * - excluding dividends on privileged shares. Relative to similar period of 2001 there is increase of: - the bank's shareholders' equity - by KZT8.4 bn. as the result of increase of paid part of authorized capital by 4.3 bn. (floatation of common and privileged shares of the 6th and the 7th issues), additional capital - by 1.1 bn., total sum of undistributed income - by 2.6 bn., the bank's aggregate reserves - by 397.7 m.; - assets - by KZT66.5 bn., of them: net volume of loan portfolio - by 40.7 bn., sums on correspondent accounts - by 4.2 bn., securities in the bank's portfolio - by 17.4 bn. and other assets - by 4.2 bn; - liabilities - by KZT58.1 bn., including: rests on deposit and other accounts of clients - by 31.2 bn., borrowed loans (except bonds) - by 24.3 bn., offered bonds - by 2.1 bn., other liabilities - by 630.4 m.; - revenues - by KZT7.2 bn. (including on loan operations - by 3.5 bn.); - expenses - by KZT4.8 bn. (of them on deposit and other clients' accounts - by 2.1 bn.). Net income of Halyk Bank of Kazakhstan OJSC for 2002 exceeded net income of the year 2001 by KZT2.3 bn. or 11 times. Below is dynamics of some indexes of Halyk Bank of Kazakhstan OJSC for 2002 by quarters by non-growing total (in m. KZT): ----------------------------------------------------------------------------- Change, Change, Change, Index I-2002 II-2002 % III-2002 % IV-2002 % ------------------ -------- ------- ------- -------- ------- -------- ------- Change of deposits -3,306.5 7,373.9 +323.0 14,751.8 +100.1 9,065.6 -38.5 Total revenues 5,675.6 5,490.1 -3.3 5,824.5 +6.1 11,333.1 +94.6 Net income 551.8 349.3, -36.7 199.1 -43.0 1,461.0 +633.8 ----------------------------------------------------------------------------- [2003-03-31]