Results of activity of VALUT-TRANZIT BANK OJSC (Kazakhstan) for 2002

/KASE, April 10, 03/ - VALUT-TRANZIT BANK OJSC (Karaganda), whose securities are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with the financial statement for 2002: balance sheet and income 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) 1,299,560 1,518,283 +16.8 Shareholders' equity 2,599,456 3,203,644 +23.2 Total assets 10,142,846 16,751,627 +65.2 Liquid assets 1,477,870 4,542,661 +207.4 Credits granted (net) 7,678,732 10,521,258 +37.0 Total liabilities 7,543,390 13,547,983 +79.6 Loans and deposits (including bonds) 7,306,590 13,398,623 +83.4 Issued bonds 835,273 1,599,707 +91.5 Total revenues 1,912,523 3,934,039 +105.7 General expenses 1,588,373 3,555,966 +123.9 Net income for the period 324,150 378,073 +16.6 ------------------------------------------------------------------- It's been calculated according to issuer's data: ------------------------------------------------------------------- Return on equity (ROE), % 12.47 11.80 -5.4 Return on assets (ROA), % 3.20 2.26 -29.4 Earnings per share (EPS), KZT 66.07 59.15 -10.5 Price earnings ratio (Р/Е) 6.08 5.92 -2.7 Book value of one share, KZT 400.05 422.01 +5.5 ------------------------------------------------------------------- Relative to 2001 there is increase of: - shareholders' equity of the bank - by KZT604.2 m as the result of increase of paid part of authorized capital by KZT218.7 m, reserve capital - by KZT322.5 m, total sum of undistributed income - by 53.9 m, additional capital - by 9.1 m; - assets - by KZT6.6 bn, including: sums on correspondent accounts - by 3.1 bn, net-volume of loan portfolio - by 2.8 bn and other assets - by 683.4 m; - liabilities - by KZT6.0 bn that was caused by growth of the volume of attracted deposits by 5.4 bn, offered bonds - by 764.4 m, whereas there took place decrease of other liabilities by 266.6 m; - revenues - by KZT2.0 bn (including the ones, which have been placed among the bank's other revenues, connected with interest receiving, increased by 1.2 bn); - expenses - by KZT2.0 bn (assignments on reserves increased by 1.1 bn). Net income, which VALUT-TRANZIT BANK OJSC received according to results of 2002, increased relative to 2001 by KZT53.9 m. The table below shows dynamics of some indicators of VALUT-TRANZIT 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 839.1 1,560.1 +85.9 928.3 -40.5 2,114.1 +127.7 Total revenues 1,366.3 604.2 -55.8 653.0 +8.1 1,310.5 +100.7 Net income 61.3 97.2 +58.5 100.7 +3.6 118.8 +18.0 --------------------------------------------------------------------------- [2003-04-10]