Data of audited financial statement of Alliance Bank OJSC (Kazakhstan) for 2002

/KASE, June 6, 03/ - Alliance Bank OJSC (Almaty), whose bonds are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, has presented KASE auditor's report of Deloitte & Touche (Almaty) which was made on the bank's financial statement for 2002, which had been prepared in compliance with international accounting standards. According to the auditor's report the bank's financial and economic activity as of December 31 of 2002 and 2001 is as follows (in th. KZT, unless otherwise indicated): ---------------------------------------------------------------------- Indicator 2001 2002 ----------------------------------------------- --------- ---------- Authorized capital (issued excluding withdrawn) 1,179,130 1,945,810 Shareholders' equity 1,035,177 1,849,780 Total assets 7,997,404 21,804,430 Sum of liquid assets 1,215,603 6,063,951 Offerings and loans to banks (net) 160,488 971,394 Loans and advances to clients (net) 6,424,520 14,993,703 Liabilities, total 6,962,227 19,954,650 Indebtedness for banks 294,492 2,207,457 Indebtedness for clients 5,788,851 16,908,978 Total revenues 1,252,442 2,096,634 General expenses 1,247,942 2,082,835 Net income 4,500 13,799 ---------------------------------------------------------------------- It's been calculated by the auditor's data: ---------------------------------------------------------------------- Return on equity (ROE), % 0.43 0.75 Return on assets (ROA), % 0.06 0.06 ---------------------------------------------------------------------- Audit of the bank's financial statement for 2002 was made by Deloitte & Touche in compliance with international auditing standards. The bank's financial statement was correspondingly corrected in order to bring it in conformity with international accounting standards. In the auditor's opinion, the bank's financial statements in all significant aspects for sure reflects financial position of the bank as of December 31 of 2002, and also results of its activity and cash flow for the year, which ended by the mentioned date, in compliance with international accounting standards. [2003-06-06]