KGV 3.6 Kazkommerzbank ist nach wie vor ein geschenk - 500 Beiträge pro Seite

[farang777]

auf grundlage der hochrechnung des gewinnes des ersten halbjahres (der jedoch noch nicht bestätigt ist), verteilen sich 32.4 mio$ auf ca. 116 mio mcap.

nun wurde beschlossen, weitere bonds zu emittieren (was in der vergangenheit schon gut funktioniert hat), um an der wirtschaftlichen entwicklung kazachstans weiter teilhaben zu können. hier liegt noch riesiges potenzial.

die verbrüderung mit dem präsidentenclan in kazachstan kann dabei für die erträge der bank nur positiv sein.

anbei die entsprechenden news von der kase, die einen sehr gemächlichen datendurchsatz hat...

gruß
farang


Assets of KAZKOMMERTSBANK OJSC are over $1bn
/IRBIS, July 25, 01/ - According to the information presented to IRBIS by
public relations department of KAZKOMMERTSBANK OJSC, the results of
KAZKOMMERTSBANK OJSC activity in first six months of this year is the
growth of all bank indicators which exceeded over $1bn.

Last 12 months KKB succeeded to increase volume of liabilities and assets
more than twice. As of authority opinion the perfect credit history and its
reputation before foreign and domestic finance markets influenced it.

Liabilities of KKB (raised means from other banks and clients) achieved on
July 01, 2001 $964.8m (hereinafter all values are in dollar). 2.3 times growth
of liabilities relative to similar period of last year was due to growth of
clients` deposits which increased by 2.5 times. Bank considers it as the
evidence of increased credo including on behalf of residents. Portion of
deposits in structure of liabilities is inclining up more active unlike the
portion of from banks and finance institutes.

Assets of KKB increased by 2.2 times and totaled $1.081bn (as of July 01,
2000 - $505.372m). Assets growth occurred despite of KAZKOMMERTS
INTERNATIONAL B.V. filial eurobonds repayment (issued under full bank
guarantee) at $100m in May of this year.

KKB thinks that the above shown dynamic of indicators is the highest in
Kazakhstani bank system. Total assets of 44 Kazakhstani banks increased
by 60% at $4.4bn. Almost the quarter of volume is the portion for KKB which
becomes the largest financial institute of Kazakhstan and Central Asia. And
according to size of assets is able to enter membership of 15 largest banks
of CIS.

Managing bank director Eldar Abdrazakov comments - "The increased
currency balance up to $1bn enables Kazakhstani bank system to overcome
psychological barrier resulted by crisis of 1998".

According to specialists of KKB the volume of assets increased due to
enlargement of bank`s loan portfolio. The volume of granted credits as of
July 01, 2001 data achieved $756 m relative to $369.0 m of last year similar
period.

Net profit of KKB for first six months totaled $16.3 m (for first six months of
2000 - $14.9 m). The percentage revenue growth (from securities purchase
and loans granted for clients) mostly influenced the increase of profit.

It is marked in press-release that KKB is still the largest due to size of
private capital - 17.1% of total banks capital. On July 01, 2001 the private
capital increased by 22.8% at $115.9m relative to last year`s similar period.

KAZKOMMERTSBANK OJSC shareholders decided to open subsidiaries and increase liabilities in 2001
/IRBIS, July 20, 01/ - Submitted to IRBIS bank press-release states that
KAZKOMMERTSBANK OJSC (Almaty hereinafter Kazkommertsbank)
shareholders at general meeting decided to increase volume of bank
liabilities in 2001 and open subsidiary banks and also preferred shares issue
and this would accelerate bank development, strengthening of its positions in
bank sector as well as in financial market.

Kazkommertsbank plans to arrange range of bond loans in order to attract
financial resources at foreign as well as at domestic capital markets. Due to
this $500m size of liabilities volume was set for year 2001. Under the decree
of shareholders Kazkommertsbank is able to issue coupon bonds until April
2002 amounting $500m with not less than 5-7 years circulating term. Bank
does not exclude euronotes issue at volume of $150-200m if world market
conditions will be positive for floatation.

Kazkommertsbank was the first Kazakhstani financial institute which in 1998
attracted $100m through three years euronotes floatation of subsidiary
KAZKOMMERTS INTERNATIONAL B.V. (Rotterdam, the Netherlands). In
May 2001 securities were successfully repaid. Now bank plans to attract
long term means to finance small and middle business. Today there are
bank bonds of two issues: domestic coupon inscribed
bonds(KZ72KA7B9A11; KASE official listing "À" category; KKGBb; $30,0 m;
$100; Sept 06. 99 - Sept 06. 01; semiannual coupon 10,0% APR) and first
issue sub ordered notes (XS0122349615, official listing KASE "À" category,
KKGBe2; $1000; $20 m; Dec 22. 00 - Dec 22. 07; semiannual coupon 11,0%
APR).

Kazkommertsbank and its shareholders approved suggestion to issue non
voting preferred shares totally not exceeding 25% of bank authorized
capital in order to increase volume of proper capital. Preferred shares are to
be offered in free sale with fixed dollar dividend size. More accurate issue
parameters including terms will be approved later by bank Board of directors.

Bank shareholders agreed to open subsidiaries in Russia, Belarus and
Uzbekistan. Board of directors will determine date terms of opening.
Kazkommertsbank has already been consulted by Centerbank of Russia and
prepares all indispensable documents. These solutions reflect promotion of
bank to foreign market and mean activation of strategically line of
Kazkommertsbank development.

On July 01 of this year the announced authorized capital of
Kazkommertsbank totaled KZT2,942,200,690.00 or $20.0m. At the end of
first six months proper capital increased by 22.8% and totaled KZT17.1bn or
$115.9 relative to the same period of last year. Its assets increased in 2.2
times up to KZT158.3m or $1.081bn that is 25% of total Kazakhstani banks
assets.

KAZKOMMERTSBANK OJSC has credit ratings Ba3/B/B+ from Moody`s,
S&P è Fitch respectively.

According to shareholders list on January 01, 2001 there were 21
shareholders including 19 physical and 2 legal entities. Central-Asia
Investment Company (Almaty, Kazakhstan authorized capital portion at
35.81%); The Bank of New York (USA, New York, nominal holding at
32.09%); Kazkommertsbank Securities OJSC (Almaty, Kazakhstan nominal
holding at 22.48%) all of them hold authorized capital portion exceeding 5%.
The portion of other shareholders is at 9.26% of authorized capital.

[OS@Turbine]

ne wkn. waäre nett!!!!!!!!!!!!!!!!!

[OS@Turbine]

sollen wir die zeche zahlen ?

[farang777]

@os: was meinst du mit zeche zahlen? sieh dir an, wo kazkommerzbank langfristig herkommt und sieh dir an, wie die wirtschaftsentwicklung in kazachstan läuft. z.b. auf www.corprateinformation.com

schau dir das mal an und dann frag noch mal!?

gruß
farang

[farang777]

^übrigens sind jetzt die geprüften zahlen für 2000 nach ias da. toilette und dusche sind anerkannte prüfer. der return on assets ist ja bei banken immer rel. interessant. da steht man mit über 3% super da. vergleicht das mal mit unseren deutschen instituten....


gruß
farang

Auditing report on 2000 financial statements of KAZKOMMERTSBANK OJSC (Kazakhstan)

/KASE, Aug 3, 01/ - KAZKOMMERTSBANK OJSC (Almaty, official list of
securities, category "A"), in accordance with the listing requirements,
provided KASE the auditing report of "Deloitte & Touche" (Almaty,
Kazakhstan) made on 2000 consolidated financial statements.

Based on independent auditor, who finished working on the report on Dec
31, 2000 and 1999, the following are the results (in th. KZT):

Indicator 1999 2000
------------------------------------------------ ----------- -----------
Authorised capital (paid up) 2,941,814 2,931,906
Weighted average issued shares, number of shares 285,390,136 284,677,841
Shareholders` equity 13,374,826 17,352,087
Total assets 81,185,724 124,015,677
Liquid assets 23,106,195 47,612,518
Loans and other outflows to the clients (net) 48,339,227 67,080,203
Loans and other outflows to the banks (net) 7,240,234 15,711,530
Liabilities to the banks 22,698,687 23,362,974
Liabilities to the clients 22,076,532 54,138,572
Operating profit 18,353,396 16,397,821
Total expenses 15,356,898 12,373,631
Net income 2,996,498 4,024,190
------------------------------------------------ ----------- -----------
Calculated by the data of auditing report:
------------------------------------------------ ----------- -----------
Return on equity (ROE), % 22.40 23.19
Return on assets (ROA), % 3.69 3.24
Earnings per share (EPS), KZT 10.50 14.14
Book value of a share, KZT 46.87 60.95
--------------------------------------------------------------------------

Auditing was conducted by "Deloitte & Touche" in accordance with
International accounting standards (IAS).

Since KAZKOMMERTSBANK OJSC keeps its accounts and financial
records based on the Kazakhstan accounting standards, and banking
legislature financial statements of the bank were properly corrected to
comply with IAS.

The following is the number of bank`s subsidiaries: Kazkommerts Securities
OJSC (Almaty, Kazakhstan), United payment system CJSC (Almaty,
Kazakhstan) and also registered by industrial chamber of Rotterdam -
Kazkommerts Capital B.V. and Kazkommerts International B.V.

The following companies are among associated companies whose
investments are considered by participation under portion method : ABN
AMRO Bank Kazakhstan CJSC (29.0%), ABN AMROAsset Management
PAMC CJSC (48.9%), Umit PAF (20.0%), Kazkommerts-Police Insurance
company OJSC (100.0%)

In the opinion of the auditor, financial statements of KAZKOMMERTSBANK
OJSC and its branch companies give a reliable and objective picture of
financial situation as of December 31, 2000, 1998. The results of economic
activity and cash flow statement for each year of three-year period ended on
Dec. 31, 1999 stated in compliance with IAS.

Today at KASE within official list of securities under A category the following
securities of KAZKOMMERTSBANK OJSC are traded

- from Oct 16, 1997 - common inscribed shares (KZ1C00400415, trade
code - KKGB);

- from Aug 31, 1999 - common coupon bonds of companies
(KZ72KA7B9A11, KKGBb, Sept 06. 99 - Sept 06. 01, $100, $30,0 mln,
semiannual coupon 10.0% APR).

- from Dec 27, 2000 - euronotes (XS0122349615, KKGBe2, Dec 22. 00 -
Dec 22. 07, $1,000, $20.0 mln, semiannual coupon 11.0% APR).