Halyk Bank of Kazakhstan OJSC intends to go on increasing shareholders equity and authorized capital

/IRBIS, April 30, 03/ - Halyk Bank of Kazakhstan OJSC (Almaty) has spread press-release, which says that at the bank's general shareholders meeting, which was held on April 29 of 2003, there was made decision to increase the bank's announced authorized capital by KZT1,310,088,900 by means of issuing 13,100,889 common inscribed shares with the face value KZT100.00 each. Besides, shareholders have approved the term of issue of subordinate bonds of Halyk Bank of Kazakhstan OJSC in the total amount of KZT4.5 bn. consisting of 4.5 bn. units with the face value KZT1.00 each, circulation term is 6 years, semi-annual coupon rate 9% APR. Thus, the size of the bank's shareholders' equity after floatation of shares and subordinate bonds will be equal to KZT27.0 bn, authorized capital - KZT11.2 bn. The press-release says that as of April 1 of 2003 the bank's shareholders equity was KZT22.295 bn. and had increased in comparison with similar period of last year by KZT9.292 bn. or by 107.99%. The increase was achieved due to increase of core capital as the result of increase of paid authorized capital and increase of supplementary capital due to bonds issue as subordinate debt. The press-release notes that indexes of shareholders equity adequacy characterize the level of capital, which is sufficient for the bank's further development, creation of basis for formation of the bank of qualitative new level, which takes stable positions at financial markets, which renders banking services of high quality to clients on the territory of Kazakhstan and makes a wide range of banking operations at international markets with optimal diversification of activity and supporting of rational proportions in orientation of work with private and corporate clients. Shareholders equity of Halyk Bank of Kazakhstan OJSC (th. KZT) ------------------------------------------------- As of As of Indicator Apr 1, 02 Apr, 03 ------------------------- ---------- ---------- Authorized capital, 5,422,600 9,896,800, including common shares 5,422,600 7,422,600 privileged shares - 2,474,200 Premiums on shares 956,415 2,192,038 Funds 2,226,515 5,824,180 Shareholders equity 8,605,430 17,898,110 Shareholders equity-gross 11,265,253 22,294,970 ------------------------------------------------- Sufficiency of shareholders equity of Halyk Bank of Kazakhstan OJSC ---------------------------------------------------------------------- As of As of Indicator Apr 1, 02 Apr, 03 -------------------------------------------------- --------- ------- Sufficiency coefficient of shareholders core capital (k1) (min 0.06) 0.06 0.07 Sufficiency coefficient of shareholders equity (k2) (min 0.12) 0.12 0.13 Autonomy coefficient 0.03 0.06 Mobility coefficient 0.29 0.55 Multiplier of equity 15.12 12.24 Growth rate of shareholders equity for the year, % 9.18 107.99 ---------------------------------------------------------------------- Besides, the press-release contains main results of activity of Halyk Bank of Kazakhstan OJSC as of April 1 of 2003, which were calculated in compliance with Kazakhstan accounting standards: assets-net equal to KZT219.107 bn. ($1.444 bn.), authorized capital - KZT9.897 bn., shareholders equity-gross- KZT22.295 bn. Net profit was equal to KZT1.142 bn. and had increased in comparison with similar period of 2002 by 48.3%. The bank's credit portfolio is equal to KZT142.460 bn. In the total deposit base, which is KZT73.993 bn. or $487.534 m., demand deposits and current accounts of physical persons equaled to KZT13.096 bn., rests on card-accounts - KZT5.677 bn. and population's term deposits equaled to KZT55.220 bn. The network of the bank's payment cards servicing is 366 cash dispensers, 1446 POS-terminals and 852 imprinters. [2003-04-30]