/CORRECTED/ Results of activity of DB Alfa-Bank OJSC (Kazakhstan) for 2002

/KASE, April 1, 03, resent in accordance with incorrectly shown unit of measuring in the lower table/ - DB Alfa-Bank OJSC (Almaty), whose bonds are circulating in the stock exchange's official "А" listing category, provided KASE with financial statement for 2002: balance sheet, cash flow statement and statement about revenues and expenses. Following indexes are result of the bank's financial and economic activity for 2002, based on the bank's data (in th. KZT): -------------------------------------------------------------------- as of as of Increase / Index Jan 1, 02 Jan 1, 03 decrease, % ------------------------------------ --------- --------- ----------- Issued (paid) authorized capital 1,000,000 1,000,000 +0.0 Shareholders' equity 1,480,758 1,827,658 +23.4 Total assets 5,888,530 8,680,508 +47.4 Liquid assets 2,001,231 1,675,796 -16.3 Given credits (net) 3,583,428 6,476,364 +80.7 Liabilities, total 4,407,772 6,852,850 +55.5 Loans and deposits (including bonds) 4,242,556 6,641,901 +56.6 Issued bonds - 885,085, - Total revenues 996,397 1,530,137 +53.6 General expenses 854,541 1,144,456 +33.9 Net income for the period 141,856 385,681 +171.9 ------------------------------------ --------- --------- ----------- It's been calculated according to issuer's data: -------------------------------------------------------------------- Return on equity (ROE), % 9.58 21.10 +120.3 Return on assets (ROA), % 2.41 4.44 +84.4 -------------------------------------------------------------------- Relative to 2001 there is increase of: - the bank's shareholders' equity - by KZT346.9 m. As the result of increase of total sum of undistributed income by 367.9 m., whereas there took place decrease of sum of reserves on revaluation by 21.0 m.; - assets - by KZT2.8 bn., that was caused by increase of the volume of requirements to clients by 2.9 bn. and other assets - by 373.1 m., whereas there took place decrease of deposits, which were placed in other banks (including the National Bank), by 474.1 m; - liabilities - by KZT2.4 bn., including: accounts and clients' deposits - by 1.1 bn., offered bonds - by 885.1 m. and other liabilities - by 417.5 m.; - revenues - by KZT533.7 m; - expenses - by KZT289.9 m. Net income of DB Alfa-Bank OJSC, which has been received according to results of 2002, exceeded similar index for 2001 by KZT243.8 m. or 2.7 times. Below is dynamics of some indexes of DB Alfa-Bank 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 -510.7 658.1 +228.8 514.7 -21.8 728.1 +41.4 Total revenues 324.4 433.2 +33.6 413.3 -4.6 359.2 -13.1 Net income 137.7 137.5 -0.2 203.2 +47.8 -92.7 -145.6 -------------------------------------------------------------------------- [2003-04-01]