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

/KASE, April 9, 03/ - Bank CenterCredit 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 statement. The following indexes 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, 01 Jan 1, 02 Change,% -------------------------------- ---------- ---------- -------- Issued authorized capital (paid) 2,482,484 3,063,339 +23.4 Shareholders' equity 3,204,732 4,381,986 +36.7 Book value of assets 32,646,983 50,968,764 +56.1 Liquid assets 8,055,271 12,265,752 +52.3 Credits granted (net) 21,105,680 34,246,165 +62.3 Total liabilities 29,442,251 46,586,778 +58.2 Loans and deposits 28,716,470 45,816,572 +59.5 Issued bonds 682,626 2,207,968 +223.5 Total revenues 5,150,198 7,505,567 +45.7 General expenses 4,723,701 6,790,456 +43.8 Net income for the period 426,497 715,111 +67.7 --------------------------------------------------------------- It's been calculated according to issuer's data: --------------------------------------------------------------- Return on equity (ROE), % 13.31 16.32 +22.6 Return on assets (ROA), % 1.31 1.40 +7.4 Earnings per share (EPS), KZT 34.36 46.69 +35.9 Price earnings ratio (Р/Е) 4.82 3.71 -23.2 Book value of one share, KZT 258.19 286.09 +10.8 --------------------------------------------------------------- Relative to similar period of 2001 there is increase of: - shareholders' equity of the bank - by KZT1.2 bn as the result of increase of the paid authorized capital by KZT580.9 m (full floatation of common shares of the 2nd and the 3rd issues) and total sum of undistributed income - by 601.7 m; - assets - by KZT18.3 bn, including: net-volume of loan portfolio - by 13.1 bn, sums on correspondent accounts - by 2.4 bn, securities in the bank's portfolio - by 1.4 bn and other assets - by 1.4 bn; - liabilities - by KZT17.1 bn, of them: deposits - by 13.6 bn, attracted credits - by 2.0 bn and offered bonds - by 1.5 bn; - revenues - by KZT2.4 bn (including interest ones - by 2.0 bn); - expenses - by KZT2.1 bn. Net income of Bank CenterCredit OJSC, which was received for 2002, exceeded the net income of 2001 by KZT288.6 m. The table below shows dynamics of some indicators of Bank CenterCredit 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 1,159.1 6,010.5 +418.6 2,031.4 -66.2 4,277.0 +110.6 Total revenues 1,582.8 1,681.7 +6.2 1,952.9 +16.1 2,288.2 +17.2 Net income 51.7 102.0 +97.1 309.0 +203.0 252.4 -18.3 --------------------------------------------------------------------------- [2003-04-09]