Results of activity of Development Bank of Kazakhstan CJSC (Kazakhstan) for 2002

19.05.03 00:00
/KASE, May 19, 03/ - Development Bank of Kazakhstan CJSC (Astana), whose bonds 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 in 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 (paid) authorized capital 24,026,677 30,000,000 +24.9 Shareholders' equity 24,797,730 32,810,403 +32.3 Book value assets 24,928,602 57,589,613 +131.0 Liquid assets 8,678,363 27,141,001 +212.7 Credits granted (net) 15,346,000 27,520,262 +79.3 Total liabilities 130,872 24,779,210 +18,833.9 Indebtedness for banks and clients 15,234 4,414,765 +28,879.7 Issued bonds 0 20,133,285 - Total revenues 968,425 3,681,229 +280.1 General expenses 197,372 1,641,745 +731.8 Net income for the period 771,053 2,039,350 +164.5 ---------------------------------- ---------- ---------- --------- It's been calculated according to issuer's data: --------------------------------------------------------------------- Return on equity (ROE), % 3.11 6.22 +99.9 Return on assets (ROA), % 3.09 3.54 +14.5 --------------------------------------------------------------------- Relative to 2001 there is increase of: - shareholders' equity of the bank - by KZT8.0 bn as the result of increase of the paid part of authorized capital by KZT6.0 bn, total sum of undistributed income - by 1.3 bn and reserve capital - by 693.5 m; - assets - by KZT23.7 bn, including: net-volume of loan portfolio - by 12.2 bn, deposits, which were placed in other banks - by 11.4 bn, securities portfolio - by 7.1 bn and other assets - by 2.0 bn; - liabilities - by KZT24.6 bn that was caused by floatation of bonds for 20.1 bn and increase of indebtedness for other banks and organizations by 4.4 bn and other liabilities - by 115.5 m; - revenues - by KZT2.7 bn; - expenses - by KZT1.4 bn. Net income, which Development Bank of Kazakhstan CJSC received by the results of 2002, exceeded similar indicator of 2001 by KZT1.3 bn or 2.6 times. The table below shows dynamics of some indicators of Development Bank of Kazakhstan CJSC for 2002 by quarters by non-growing total (in m. KZT): ----------------------------------------------------------------------------- Change, Change, Change, Indicator I-2002 II-2002 % III-2002 % IV-2002 % -------------- ------ ------- ------- -------- ------- ------- ------- Total revenues 785.6 728.0 -7.3 972.,5 +33.6 1,195.1 +22.9 Net income 630.5 503.3 -20.2 479.2 -4.8 426.3 -11.0 ----------------------------------------------------------------------------- Primary activity: rendering of banking services (excluding attracting of deposits and opening of banking accounts for physical and juridical persons, excluding opening and maintaining of accounts of conditional deposit, reserve accounts in accordance with agreements on loans, which are guaranteed by the state, and also on servicing investment projects, which are financed at the expense of Republican and local budgets' means). [2003-05-19]