Financial Results of TEXAKABANK OJSC (Kazakhstan) for 2003

/IRBIS, Galina Tsalyuk, April 1, 04/ - TEXAKABANK OJSC (Almaty), whose securities are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with the financial statements for 2003. The following indicators are results of the bank's financial and economic activity for 2003, based upon the bank's information (in th. KZT, unless otherwise specified): ------------------------------------------------------------------ As of As of Indicator Jan 1, 03 Jan 1, 04 Change,% ------------------------------------ --------- ---------- -------- Authorized capital (paid) 973,380 973,380 0.0 Shareholders' equity 1,294,178 1,386,814 +7.2 Total assets 9,217,550 12,393,976 +34.5 Liquid assets 2,243,848 3,304,623 +47.3 Credits granted (net) 5,971,933 7,953,181 +33.2 Total liabilities 7,923,372 11,007,162 +38.9 Deposits placed with the bank 6,275,701 6,996,693 +11.5 Issued bonds 1,578,387 3,053,768 +93.5 Total revenues 1,427,209 1,949,683 +36.6 General expenses 1,217,747 1,800,809 +47.9 Net income for the period 209,462 148,874 -28.9 ------------------------------------ --------- ---------- -------- Ratios calculated based on issuer's information ------------------------------------ --------- ---------- -------- Return on Equity, % 16.18 10.73 -33.7 Return on Assets, % 2.27 1.20 -47.1 Book value of a share, KZT 1,329.57 1,424.74 +7.2 Earnings per share, KZT 215.19 152.95 -28.9 ------------------------------------------------------------------ The bank's shareholders equity, which is calculated in compliance with the Rules "About prudential norms" of the National Bank of Kazakhstan, as of January 1 of 2004 was KZT2,282,096 th. Price Earnings ration is not calculated due to absence of deals. Relative to 2002 there following accounts increased: - shareholders' equity of the bank (according to balance sheet) -by KZT92.6 m as a result of increase of reserve capital by 168.3 m, while undistributed income decreased by 75.7 m.; - assets - by KZT3.2 bn. including: net loan portfolio volume by 2.0 bn, amounts at corresponding accounts- by 598.4 m, depreciable basis of fixed assets- by 309.3 m, and other assets - by 287.4 m - liabilities - by KZT3.1 bn. due to increase in bonds issued - by 1.5 bn, deposits placed with banks - by 721.0 m and other aliabilities - by 887.4 m; - total revenues - by KZT522.5 m.; - expenses - by KZT583.1 m. Net income earned by TEXAKABANK OJSC in 9 2003 decreased relative to 2002 by KZT60.6 m. [2004-04-01]