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

10.04.03, 00:00
/KASE, April 10, 03/ - Alliance Bank OJSC (Almaty), whose bonds 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 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) 1,179,130 1,945,810 +65.0 Shareholders' equity 1,264,534 2,095,213 +65.7 Total assets 8,206,153 21,986,037 +167.9 Liquid assets 1,226,156 5,550,761 +352.7 Credits granted (net) 6,499,080 15,386,303 +136.7 Total liabilities 6,941,619 19,890,824 +186.5 Loans and deposits 5,888,193 16,422,568 +178.9 Total revenues 1,267,235 2,195,174 +73.2 General expenses 1,247,494 2,154,518 +72.7 Net income for the period 19,741 40,656 +105.9 -------------------------------- --------- ---------- -------- It's been calculated according to issuer's data: -------------------------------------------------------------- Return on equity (ROE), % 1.56 1.94 +24.3 Return on assets (ROA), % 0.24 0.18 -23.1 -------------------------------------------------------------- Relative to 2001 there is increase of: - shareholders' equity of the bank - by KZT830.7 m. as the result of increase of the paid authorized capital by KZT766.7 m. (floatation of common shares of the 2nd issue), sum of reserves - by 43.1 m. and total sum of undistributed income - by 20.9 m.; - assets - by KZT13.8 bn., including: net-volume of loan portfolio - by 8.9 bn., securities in the bank's portfolio - by 3.3 bn., sums on accounts in other banks - by 766.3 m., cash - by 300.6 m., residual value of fixed assets - by 257.6 m. and other assets - by 310.5 m.; - liabilities - by KZT12.0 bn. of them: rests on banking accounts and deposits - by 11.1 bn., borrowed loans - by 1.5 bn. and other liabilities - by 409.2 m.; - revenues - by KZT927.9 m.; - expenses - by KZT907.0 m. Net income, which Alliance Bank OJSC received according to results of 2002 exceeded net income of 2001 by KZT20.9 m. or 2.1 times as much. The table below shows dynamics of some indicators of Alliance Bank 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 405.4 5,383.2 +1,227.9 931.6 -82.7 4,345.7 +366.5 Total revenues 609.2 384.4 -36.9 471.6 +22.7 729.9 +54.8 Net income 174.3 -10.2 -105.9 -50.8 -397.6 -72.7 -43.1 --------------------------------------------------------------------------- [2003-04-10]