Results of activity of BANK CASPIAN JSC (Kazakhstan) in 2003

/IRBIS, Galina Tsalyuk, April 27, 04/ - BANK CASPIAN JSC (Almaty), whose securities are circulating in Kazakhstan stock exchange's (KASE) official "A" listing category, provided KASE with the financial statements 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 Change, Index Jan 1, 03 Jan 1, 04 % ------------------------------------------------ ---------- ---------- ------- Authorized capital (paid excluding withdrawn) 1,322,714 3,354,883 +153.6 Shareholders' equity (acc-ing. to balance sheet) 2,619,678 5,606,089 +114.0 Total assets 28,700,233 54,507,580 +89.9 Liquid assets 7,040,921 14,778,995 +109.9 Credits granted (net) 19,439,471 36,191,998 +86.2 Liabilities, total 26,080,555 48,901,491 +87.5 Accounts and deposits 19,798,394 29,575,489 +49.4 Borrowed loans 2,777,263 8,193,992 +195.0 Issued bonds 2,411,186 9,312,351 +286.2 Net interest income (loss) 1,068,524 2,254,306 +111.0 Net non-interest income (loss) 897,504 1,386,608 +54.5 General and administrative expenses 1,139,254 1,895,294 +66.4 Deductions to reserves 350,852 873,446 +148.9 Net income 383,749 665,761 +73.5 ------------------------------------------------ ---------- ---------- ------- Calculated by issuer's data: ------------------------------------------------ ---------- ---------- ------- Return on equity (ROE), % 14.65 11.88 -18.9 Return on assets (ROA), % 1.34 1.22 -8.7 Earnings per share (EPS), KZT* 61.65 72.64 +17.8 Price earning ratio (Р/Е)* 2.27 2.35 +3.7 Book value of one share, KZT 415.91 604.22 +45.3 ------------------------------------------------------------------------------ * - Earnings per share (EPS) and price earning ratio (P/E) as of January 1 of 2004 have been calculated without dividends on privileged shares. Relative to 2002 there is increase of: - shareholders' equity (according to balance sheet) - by KZT3.0 bn. as the result of increase of the paid part of authorized capital by KZT2.0 bn. (floatation of the 7th issue shares), total sum of undistributed income - by 494.9 m., savings in funds and reserves - by 370.9 m. and additional capital - by 88.4 m.; - assets - by KZT25.8 bn., including: net-volume of loan portfolio - by 16.7 bn., securities in the bank's portfolio - by 2.8 bn., amounts on correspondent accounts and deposits in other banks - by 4.2 bn. and other assets - by 2.1 bn.; - liabilities - by KZT22.8 bn. of them: accounts and deposits - by 9.8 bn., floated bonds - by 6.9 bn., other borrowings - by 5.4 bn. and other liabilities - by 725.9 m.; - net interest incomes - by KZT1.2 bn.; - net non-interest incomes - by KZT489.1 m.; - general and administrative expenses - by KZT756.0 m.; - deductions to reserves - by KZT522.6 m. Net income, which BANK CASPIAN OJSC received according to results of 2003, exceeded net income of the year 2002 by KZT282.0 m. [2004-04-27]