Results of activity of AMB OJSC (Kazakhstan) for 2002

/KASE, April 9, 03/ - AMB OJSC (Almaty), whose securities are circulating in Kazakhstan stock exchange's official "A" listing category, provided KASE with the financial statement for 2002: balance sheet, income statement and cash flow sattement. The following indicators are results of the bank's financial and economic activity for 2002, based upon the bank's information (in th. KZT, unless otherwise specified): ------------------------------------------------------------------- As of As of Indicator Jan 1, 02 Jan 1, 03 Change,% ------------------------------------ ---------- ---------- -------- Issued authorized capital (paid) 3,099,100 3,099,974 +0.03 Shareholders' equity 4,453,555 5,494,671 +23.4 Total assets 39,268,299 58,275,109 +48.4 Liquid assets 4,976,839 8,200,309 +64.8 Credits granted (net) 24,669,153 33,486,384 +35.7 Total liabilities 34,814,744 52,780,438 +51.6 Loans and deposits (including bonds) 33,626,117 51,784,134 +54.0 Issued bonds 0 1,593,595 - Total revenues 4,931,756 6,977,752 +41.5 General expenses 4,143,019 5,891,850 +42.2 Net income for the period 788,737 1,085,902 +37.7 ------------------------------------ ---------- ---------- -------- It's been calculated according to the bank's data: ------------------------------------------------------------------- Return on equity (ROE), % 17.71 19.76 +11.6 Return on assets (ROA), % 2.01 1.86 -7.2 Book value of one share, KZT 1,437.05 1,772.99 +23.4 ------------------------------------------------------------------- Relative to 2001 there is increase of: - shareholders' equity of the bank - by KZT1.0 bn. as the result of increase of the paid authorized capital by KZT0.9 m. (floatation of common shares of the 7th issue), undistributed income - by 873.2 m., savings in funds and reserves - by 167.0 m.; - assets - by KZT19.0 bn., that was caused by increase of net-volume of loan portfolio - by 8.9 bn., securities in the bank's portfolio - by 7.0 bn., investments into capital and subordinate debt - by 1.4 bn., residual value of fixed assets - by 654.7 m. and other assets - by 1.0 bn.; - liabilities - by KZT18.0 bn. including: rests on deposit and other clients' accounts by 12.9 bn., borrowed loans - by 3.7 bn., issued bonds - by 1.6 bn., whereas there took place decrease of other liabilities - by 192.3 m.; - revenues - by KZT2.0 bn. due to increase of interest revenues; - expenses - by KZT1.7 bn. (of them interest expenses - 1.1 bn.). Net income, which AMB OJSC received for 2002 increased relative to 2001 by KZT297.2 m. The table below shows dynamics of some indicators of AMB OJSC for 2002 by quarters by non-growing total (in m KZT): --------------------------------------------------------------------------- Change, Change, Change, Indicator I-2002 II-2002 % III-2002 % IV-2002 % ------------------ ------- ------- ------- -------- ------- ------- ------- Change of deposits 2,568.6 6,877.3 +167.7 328.0 -95.2 2 839.5 +765.8 Total revenues 1,464.7 1,701.6 +16.2 1,746.0 +2.6 2 065.5 +18.3 Net income 231.7 265.6 +14.6 284.6 +7.2 304.0 +6.8 --------------------------------------------------------------------------- [2003-04-09]