Results of activity of ATFBank JSC (Kazakhstan) in 2003

/IRBIS, Galina Tsalyuk, April 7, 04/ - ATFBank JSC (Almaty), whose securities are circulating in the official "A" listing category of Kazakhstan stock exchange Inc. (KASE), provided KASE with non-audited financial statement for 2003. Following indicators are the result of the bank's financial and economic activity in 2003, based upon the bank's data (th. KZT, unless otherwise specified): ------------------------------------------------------------------------------- As of As of Indicator Jan 1, 03 Jan 1, 04 Change,% --------------------------------------------- ---------- ---------- -------- Authorized capital (paid excluding withdrawn) 3,099,974 6,239,523 +101.3 Shareholders' equity (according to balance) 5,142,817 8,342,233 +62.2 Total assets 58,221,432 95,449,824 +63.9 Liquid assets 20,996,533 31,494,529 +50.0 Credits granted (net) 34,761,711 60,487,547 +74.0 Total liabilities 53,049,890 87,107,591 +64.2 Accounts and deposits 36,245,625 50,996,239 +40.7 Issued bonds 1,495,928 4,345,969 +190.5 Borrowed loans 23,082,551 30,582,058 +32.5 Net interest income (loss) 3,096,250 4,888,910 +57.9 Net non-interest income (loss) 1,657,313 2,711,293 +63.6 General and administrative expenses 2,120,965 3,057,827 +44.2 Deductions to reserves 959,717 1,810,873 +88.7 Net income for the period 1,005,686 1,456,013 +44.8 --------------------------------------------- ---------- ---------- -------- Calculated by the bank's data: --------------------------------------------- ---------- ---------- -------- Return on equity (ROE), % 19.56 17.45 -10.7 Return on assets (ROA), % 1.73 1.53 -11.7 Earnings per share (EPS), KZT 333.29 335.52* +0.7 Book value of one share, KZT 1,658.99 1,337.00 -19.4 ------------------------------------------------------------------------------- Price earning ratio (P/E) was not calculated because since July 4 of 2003 (date of inclusion in trade lists) and till the end of the year only two deals were made in common share of ATFBank JSC, one of which was direct. * - as of January 1 of 2004 earning per share (EPS) was calculate disregarding dividends on bank's privileged shares, which will be determined at the annual general shareholders meeting. Relative to 2002 there is increase of: - shareholders' equity - by KZT3.2 bn. as a result of increase of the paid authorized capital by 3.1 bn. (floatation of shares of the 7th and the 8th issues), undistributed income - by 51.3 m. and additional capital - by 8.6 m.; - assets - by KZT37.2 bn. that was caused by growth of net-volume of loan portfolio by 25.7 bn., securities in the bank's portfolio - by 8.6 bn., cash - by 1.1 bn, amounts on corresponding accounts - by 805.1 bn. and other assets - by 1.0 bn.; - liabilities - by KZT34.0 bn. including: rests on deposit and other accounts - by 14.7 bn., borrowed loans - by 16.0 bn., issued bonds - by 2.7 bn. and other liabilities - by 590.4 m.; - net interest incomes - by KZT1.8 bn.; - net non-interest incomes - by KZT1.1 bn.; - general and administrative expenses - by KZT936.9 m.; - deductions to reserves - by KZT851.1 m. Net income earned by ATFBank JSC in 2003 increased relative to the net income of 2002 by KZT450.3 m. [2004-04-07]