/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Authorized capital (issued excluding withdrawn)  1,179,130   1,945,810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]