Results of activity of Temirbank OJSC (Kazakhstan) for 2002

/KASE, April 11, 03/ - Temirbank OJSC (Almaty), whose securities are circulating in Kazakhstan stock exchange's (KASE) 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) 1,378,423 1,900,000 +37.8 Shareholders' equity 2,279,628 3,036,374 +33.2 Total assets 21,984,561 22,979,818 +4.5 Liquid assets 6,096,442 6,110,322 +0.2 Credits granted (net) 14,895,283 15,013,700 +0.8 Total liabilities 19,704,933 19,943,444 +1.2 Loans and deposits (including bonds) 16,380,684 17,694,326 +8.0 Bonds 1,690,977 1,722,843 +1.9 Total revenues 3,255,404 4,936,892 +51.7 General expenses 2,798,718 4,655,564 +66.3 Net income 456,686 281,328 -38.4 ------------------------------------------------------------------- It's been calculated according to issuer's data: ------------------------------------------------------------------- Return on equity (ROE), % 20.03 9.27 -53.8 Return on assets (ROA), % 2.08 1.22 -41.1 Earnings per share (EPS), KZT 333.22 148.85 -55.3 Price earnings ratio (Р/Е) - 6.72 - Book value of one share, KZT 1,653.79 1,598.09 -3.4 ------------------------------------------------------------------- Earnings per share (EPS) and price earnings ratio (Р/Е) for 2002 has been calculated without taking into account dividends on privileged shares, which will be determined at the annual general shareholders meeting of the bank. Relative to 2001 there is increase of: - shareholders' equity of the bank - by KZT756.7 m as the result of increase of authorized capital by 521.6 m (floatation of common shares of the 11th issue), saving in funds and reserves - by 301.2 m and additional capital - by 0.7 m, whereas there took place decrease of total sum of undistributed income by 66.7 m; - assets - by KZT995.3 m, including: net-volume of loan portfolio - by 118.4 m, sums on correspondent accounts - by 85.7 m, residual value of fixed assets - by 133.2 m and other assets - by 658.0 m; - liabilities - by KZT238.5 m. that was caused by increase of indebtedness for banks by 2.1 bn, whereas there took place decrease of other liabilities by 1.6 bn and deposits, which had been placed in the bank - by 297.5 m; - revenues - by KZT1.7 bn (including non-interest revenues - by 1.0 bn); - expenses - by KZT1.9 bn (of them: assignments on reserves - 829.6 m, non-interest expenses - by 658.3 m). Net income of Temirbank OJSC, which was received for 2002 decreased relative to 2001 by KZT175.4 m. The table below shows dynamics of some indicators of Temirbank 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 166.6 1,319.5 +691.9 1,147.9 -13.0 -2,931.5 -355.4 Total revenues 874.5 1,432.7 +63.8 1,548.2 +8.1 1,081.5 -30.1 Net income 11.3 94.6 +740.5 89.0 -5.9 86.4 -3.0 --------------------------------------------------------------------------- [2003-04-11]