/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):

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                                          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
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It's been calculated according to issuer's data:
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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
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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):

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                                   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
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[2003-04-10]