Results of activity of JB LARIBA-BANK OJSC (Kazakhstan) for 2002

/KASE, April 10, 03/ - JB LARIBA-BANK OJSC (Almaty), whose bonds are circulating in Kazakhstan stock exchange's (KASE) official "B" 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) 901,305 913,305 +1.3 Shareholders' equity 1,079,209 1,237,058 +14.6 Total assets 1,699,626 1,996,848 +17.5 Liquid assets 302,693 496,235 +63.9 Credits granted (net) 1,118,305 1,244,602 +11.3 Total liabilities 620,417 759,790 +22.5 Loans and deposits 611,559 730,074 +19.4 Total revenues 354,216 404,409 +14.2 General expenses 211,285 241,514 +14.3 Net income for the period 142,931 162,895 +14.0 -------------------------------- --------- --------- -------- It's been calculated according to issuer's data: ------------------------------------------------------------- Return on assets (ROA), % 8.41 8.16 -3.0 Return on equity (ROE), % 13.24 13.17 -0.6 ------------------------------------------------------------- Relative to 2001 there is increase of: - shareholders' equity of the bank - by KZT157.8 m as the result of increase of undistributed income by 145.8 m, and paid part of authorized capital by 12.0 m; - assets - by KZT297.2 m in accordance with growth of net-volume of loan portfolio by 126.3 m, sums on correspondent accounts - by 112.4 m and securities portfolio - by 105.3 m that was partially compensated by decrease of other assets - by 46.8 m; - liabilities - by KZT139.4 m that was caused by increase of volume of attracted deposits by 118.5 m and other liabilities - by 20.9 m; - revenues - by KZT50.2 m; - expenses - by KZT30.2 m. Net income, which JB LARIBA-BANK OJSC received for 2002 increased in comparison with 2001 by KZT20.0 m. The table below shows dynamics of some indicators of JB LARIBA-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 292.5 -188.6 -164.5 -96.4 +48.9 111.0 +215.1 Total revenues 94.8 103.2 +8.8 104.0 +0.7 102.4 -1.6 Net income 37.7 42.5 +12.6 41.6 -1.9 41.1 -1.3 -------------------------------------------------------------------------- [2003-04-10]