Results of activity of Valut-Tranzit Bank OJSC (Kazakhstan) in 2003

/IRBIS, Galina Tsalyuk, May 4, 04/ - Valut-Tranzit Bank OJSC (Karaganda), 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-up) 1,518,283 3,109,730 +104.8 Shareholders' equity (acc-ing. to balance sheet) 3,203,644 5,429,518 +69.5 Total assets 16,752,333 31,562,496 +88.4 Liquid assets 4,544,652 8,867,904 +95.1 Loan portfolio (net) 10,521,258 18,907,341 +79.7 Liabilities, total 13,548,689 26,132,978 +92.9 Accounts and deposits 11,318,967 23,470,840 +107.4 Borrowed loans 527,987 681,104 +29.0 Issued bonds 1,599,707 1,477,461 -7.6 Net interest income (loss) 896,044 1,333,089 +48.8 Net non-interest income (loss) 2,106,132 3,572,210 +69.6 General and administrative expenses 1,232,078 1,933,726 +56.9 Deductions to reserves 1,176,021 1,219,733 +3.7 Net income 378,073 724,243 +91.6 ----------------------------------- ---------- ---------- ------- Calculated by issuer's data: ----------------------------------- ---------- ---------- ------- Return on equity (ROE), % 11.80 13.34 +13.0 Return on assets (ROA), % 2.26 2.29 +1.7 Earnings per share (EPS), KZT* 59.12 60.77 +2.8 Price earning ratio (Р/Е)* 5.92 5.71 -3.5 Book value of one share, KZT 422.01 305.89 -27.5 -------------------------------------------------------------------- * - 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 (in tenge): - shareholders' equity (according to balance sheet) - by 2.2 bn. as a result of increase of the paid-up authorized capital by 1.6 bn. (floatation of the 8th issue shares), total sum of undistributed income by 346.2 m., and reserve capital by 288.2 m; - assets - by 14.8 bn., including: net-volume of loan portfolio - 8.4 bn., securities in the bank's portfolio -4.6 bn., and other assets -1.8m.; - liabilities - by 12.6 bn. of them: current accounts and deposits - 12.1 bn., attracted loans - 153.1 m, and other liabilities -279.3 m; - net interest incomes - 437.0 m.; - net non-interest incomes - 1.5 bn.; - general and administrative expenses - by 701.6 m.; - deductions to reserves - by 43.7 m. Net consolidated income Valut-Tranzit Bank OJSC received in 2003, exceeded the same figure of previous by 346.2 m. [2004-05-05]