31 December

2007
ASSETS:
Cash and balances with the National Bank of
the Republic of Kazakhstan
Financial assets at fair value through profit or
loss
Reverse repurchase agreements
Investments available-for-sale
Investments held-to-maturity
Due from banks
Loans to customers
Deferred income tax assets
Current income tax assets
Other assets
Property, equipment and intangible assets
TOTAL ASSETS
LIABILITIES AND EQUITY
LIABILITIES:
Due to the National Bank of the Republic of
Kazakhstan
Due to banks
Due to other financial institutions
Customer accounts
Financial liabilities at fair value through profit
or loss
Other financing
Repurchase agreements
Debt securities issued
Deferred income tax liabilities
Current income tax liabilities
Other liabilities
Subordinated debt
Total liabilities
EQUITY:
Share capital
Additional paid-in-capital
Investments available-for-sale fair value reserve
Property and equipment revaluation reserve
Retained earnings
Total equity
TOTAL LIABILITIES AND EQUITY

31 December
2006

69,795

99,594

179,620

133,745

3,057
37,079
819,194
21,137
31,049
1,160,931

18,099
5,176
43
20,599
619,800
10,912
12,782
920,750

5,569

2,000

292,565
48,533
241,817

321,185
25,174
245,261

6,280

18

31,051
6,357
328,265
1,554
1,860
3,307
34,798
1,001,956

24,901
44,444
139,249
1,100
912
3,854
32,614
840,712

96,380
1,222

60,013
1,222

-33

80

2,109
59,297
158,975
1,160,931

2,255
16,468
80,038
920,750

2007
1,108,745
963,851
998,649

2006
897,056
804,244
836,858

2007
Interest earning asset
1,038,950
Interest bearing liabilities 995,235

2006
797,462
834,846

Current Assets
Current Liabilities

2007
Interest income
Interest expense
NET INTEREST INCOME BEFORE
PROVISION FOR IMPAIRMENT
LOSSES ON INTEREST BEARING
ASSETS
Provision for impairment losses on interest
bearing assets
NET INTEREST INCOME
Net gain/loss on financial assets at fair
value through profit or loss
Net gain on repurchase of liabilities
Net gain/(loss) on investments availablefor-sale
Net (loss)/gain on foreign exchange
operations
Fee and commission income
Fee and commission expense
Other income
NET NON-INTEREST INCOME
OPERATING INCOME
OPERATING EXPENSES
Recovery of provision/(provision) for
impairment losses on other transactions
OPERATING PROFIT BEFORE
INCOME TAX
Income tax (expense)/benefit
NET PROFIT
Attributable to:
Preference shareholders
Ordinary shareholders of the parent
EARNINGS PER SHARE
Basic and diluted (KZT)

2006

181,768
-92,889

80,193
-40,350

88,879

39,843

-25,571
63,308

-14,032
25,811

14,367
5,733

1,833
-

108

-9,049
12,629
-10,508
2,323
15,603
78,911
-22,401

140
6,019
3390
853
5,458
31,269
-11,301

79

-356

56,589
-13,906
42,683

19,612
-5,602
14,010

1,512
41,171

1,280
12,730

4,780.19

4,201.23

In million tenge

Interest income
Interest expense
Net interest income
Fee and commission income
Fee and commission expense
Net fee and commission income/(expense)
Net loss on financial instruments at fair value
Net foreign exchange (loss)/gain
Net gain on repurchase of liabilities
Net loss on available-for-sale assets
Other operating (loss)/income
Operating (loss)/income
Impairment losses
General administrative expenses
Loss before taxes
Income tax (expense)/benefit
Loss for the year

2009
85,189
-80,627
4,562
7,452
-2,191

2008
166,086
-100,677
65,409
12,817
-24,584

5,261

-11,767

-64,411

-32,882

-51,785
3,967
-299
-728
-103,433
-174,842
-20,140
-298,415
-25
-298,440

15,564
3,712
-1
1,718
41,753
-406,420
-21,889
-386,556
346
-386,210

-491

112

-1

31
197

51

-151

55

-298,591
-14,922

-386,155
-19,311

Other comprehensive (loss)/income

Revaluation reserve for available-for-sale
assets:
- Net change in fair value of available-forsale assets
- Net change in fair value of available-forsale assets transferred to profit or loss
Currency translation differences
Revaluation of property, net of tax
Other comprehensive (loss)/income, net of
tax
Total comprehensive loss
Basic and diluted, tenge

2009
ASSETS
Cash and cash equivalents
Placements with banks
Financial instruments at fair value through profit or loss
Loans to customers
Amounts receivable under reverse repurchase agreements
Available-for-sale assets
Current tax asset
Property, equipment and intangible assets
Other assets
Total assets
LIABILITIES
Current accounts and deposits from customers
Due to the National Bank of the Republic of Kazakhstan
Loans from the Government of the Republic of Kazakhstan
Amounts subject to Restructuring Plan as at 31 December 2009
- Loans from banks
- Loans from other financial institutions
- Debt securities issued
- Subordinated debt
- Amount due to the Parent Company
Other liabilities subject to Restructuring Plan
Other financing
Amounts payable under repurchase agreements
Financial instruments at fair value through profit or loss
Special provision for guarantees
Other liabilities
Total liabilities
DEFICIT
Share capital
Additional paid-in-capital
Revaluation surplus for property
Revaluation reserve for available-for-sale assets
Accumulated losses
Total deficit
Total liabilities and deficit

2008

In million tenge In million tenge

15,388
2,702
16,369
243,707
97,657
919
25,012
17,340
419,094

60,855
6,318
201,973
433,475
132
2,741
2,677
34,197
5,940
748,308

153,776
22,613

189,044
15,026
4,460

129,647
45,832
360,279
48,194
105,000
45,272
16,206
5,010
19
13,017
944,865

137,377
35,741
286,584
41,760
29,449
41,945
50,168
136,972
6,962
975,488

96,380
1,222
2,134
-408
-625,099
-525,771
419,094

96,380
1,222
2,023
-29
-326,776
-227,180
748,308

2009
2008
376,742 708,171
931,848 968,526

360,435 644,639
931,848 831,554

Interest income

2011
In million tenge
49,554

2010
In million tenge
44,381

Interest expense

-39,248

-39,990

10,306
4,625
-348
4,277

4,391
4,531
-409
4,122

829

2,292

Net interest income

Fee and commission income
Fee and commission expense
Net fee and commission income
Net gain on financial instruments at
fair value through profit or loss
Net foreign exchange gain
Gain from restructuring
Net gain from recovery notes
Net gain on repurchase of liabilities
Other operating income/(loss), net
Operating income
Recovery of impairment losses
General administrative expenses
Profit before income tax
Income tax benefit
Profit for the year

-294
1,713
3,785
7,082
27,698
13,573
-20,228
21,043
18,844 39,887

16,370
324,745
2,097
-1,337
352,680
4,477
-22,723
334,434
334,434

Other comprehensive income/(loss)

Revaluation reserve for available-forsale assets:
-Net change in fair value of availablefor-sale assets, net of tax
-Impairment transferred to profit or
loss
Other comprehensive income/(loss),
net of tax
Total comprehensive income
Earnings per share
Basic, tenge
Diluted, tenge

5,963

-6,311

1,243

858

7,206

-5,453

47,093

328,981

2,925
2,470

26,303
23,006

In million tenge
ASSETS
Cash and cash equivalents
Placements with banks
Financial instruments at fair value through
profit or loss
- Held by the Group
- Pledged under sale and repurchase
agreements
Loans to customers
Available-for-sale assets
- Held by the Group
- Pledged under sale and repurchase
agreements
Property, equipment and intangible assets
Current tax receivable
Deferred tax asset
Other assets
Total assets
LIABILITIES
Current accounts and deposits from
customers
Loans from the Government of the
Republic of Kazakhstan
Loans from banks
Debt securities issued
Subordinated debt
Amounts payable under repurchase
agreements
Financial instruments at fair value through
profit or loss
Other liabilities
Total liabilities
EQUITY
Share capital
Restructuring reserve
Additional paid-in-capital
Revaluation surplus for property
Revaluation reserve for available-for-sale
assets
Accumulated losses
Total equity/(deficit)
Total liabilities and equity

2011

2010

16,493
184

18,991
700

15,923

10,368

4,178

11,348

328,784

251,827

61,346

57,208

54,457

44,991

22,233
68
17,912
8,310
529,888

23,100
1,123
7,928
427,584

294,237

208,798

22,389

18,666

2,114
128,048
20,695

3,015
149,557
84,427

56,888

59,585

454

332

4,031
528,856

8,239
532,619

273,090
-25,981
1,222
1,931

273,090
-84,955
1,222
2,039

1,345

-5,861

-250,575
1,032
529,888

-290,570
-105,035
427,584

2011

2010

499,345

396,556

524,825

524,380

2011

2010

464872

376442

524,825

524,380

532,287

Interest income
Interest expense
Net interest income
Fee and commission income
Fee and commission expense
Net fee and commission income
Net gain on financial instruments at fair
value through profit or loss
Net foreign exchange gain/loss)
Net (loss)/gain from recovery notes
Net gain on repurchase of liabilities
Other operating income
Operating income
Recovery of impairment losses
General administrative expenses
Profit before income tax
Income tax benefit
Profit for the year
Other comprehensive income
Revaluation reserve for available-for-sale
assets:
-Net change in fair value of available-forsale assets, net of tax
-Impairment transferred to profit or loss

2012
In million tenge
52,083
-45,736
6,347
6,092
-511
5,581
498
1,199
-923
3,085
578
16,365
2,773
-18,540
598
42
640

-8,373
-

Other comprehensive income, net of tax

-8,373

Total comprehensive (loss)/income

Earnings per share
Basic, tenge
Diluted, tenge

-7,733
47
47

In million tenge
ASSETS
Cash and cash equivalents
Placements with banks
Financial instruments at fair value through profit or loss
Loans to customers
Available-for-sale assets
Property, equipment and intangible assets
Current tax receivable
Deferred tax asset
Other assets
Total assets
LIABILITIES
Current accounts and deposits from customers
Loans from the Government of the Republic of Kazakhstan
Loans from banks
Debt securities issued
Subordinated debt
Amounts payable under repurchase agreements
Financial instruments at fair value through profit or loss
Other liabilities
Total liabilities
EQUITY
Share capital
Restructuring reserve
Additional paid-in-capital
Revaluation surplus for property
Revaluation reserve for available-for-sale assets
Accumulated losses
Total equity/(deficit)
Total liabilities and equity

2012
17,143
329
14,695
388,930
121,222
21,150
81
17,954
8,505
590,009
337,238
19,001
1,234
111,768
21,800
85,830
-

1,991
578,862
273,090
-25,981
19,070
1,739
-7,028
-249,743
11,147
590,009

Profitab
Net Prof
Total Re
Profit m
Total As
Asset tur
Total Eq
Equity M
Return
Return
Total inc
Total co
Cost to

Liquidit

Total loa

Net loan
Capacit
Current
Current
Current
Custome
Total D

Credit r

Provisio
Total loa
Gross lo

Provisio
Total loa
Gross lo
Provisio
G
Total op
Provisio
T

Interest
Interest
Net inte
Interest

Interest
Interest
Net inte

Profitability Ratios
Net Profit
Total Revenue
Profit margin
Total Assets
Asset turnover
Total Equity
Equity Multiplier
Return on equity
Return on asset
Total income
Total cost
Cost to income ratio

Years
In million tenge
In million tenge
In million tenge
In million tenge

In million tenge
In million tenge

2012
2011
640
39887
16365
27698
3.91%
144.01%
590009
529888
2.77%
5.23%
11147
1032
52.93
513.46
5.74%
3865.02%
0.108%
7.527%
598
21043
-18540
-20228
-31.00334448 -0.96126978

Liquidity Performance
Years

2012

2011

Total loans and leases to customers

Net loans to customers

Capacity Ratio
Current assets/Liquid Assets
Current liabilities
Current assets/Current liabilities
Customer accounts
Total Deposit ratio

In million tenge
In million tenge
In million tenge
In million tenge

388,930
328,784
0.659193334 0.62047829
560,354
499345
576,871
524825
0.971367949 0.95145048
337238
294237
0.5716
0.5553

Credit risk
Provisions for loan losses and leases
Total loans and leases to customers
Gross loans and leases
Total loans and leases
Total assets

Years
thousands tenge
thousands tenge
thousands tenge

2012
2011
-271109834 -303018947
672236000 622808000
401126166 319789053

Years
In million tenge
In million tenge
In million tenge

1.139365671 1.17535781
2012
2011
-271109.83 -303018.95
672236
622808
401126.17 319789.05

Provisions for loan losses and leases

Total loans and leases to customers
Gross loans and leases
Provisions for loan losses and leases
Gross loans and leases
Total operating Income
In million tenge
Provisions for loan losses and leases
Total operating Income

Interest earning assets

Interest bearing liabilities
Net interest income
Interest income

Years
In million tenge
In million tenge
In million tenge
In million tenge

-0.675871726 -0.94755885
16365
27698
-16.56644265 -10.9401021

2012
525176
576871
6347
52083

2011
464872
524825
10306
49554

Interest expense
Interest Spread
Net interest Margin

In million tenge

-45736
-39248
0.178455358 0.18138011
0.012085472 0.02216954

2010
334434
352680
94.83%
427584
82.48%
-105035
-4.07
-318.40%
78.215%
334434
-22723
-0.06794465

2009
2008
-298440
-386210
-103433
41753
288.53%
-924.99%
419094
748308
-24.68%
5.58%
-525771
-227180
-0.80
-3.29
56.76%
170.00%
-71.211%
-51.611%
-298415
-386556
-20140
-21889
0.0674899 0.05662569

2007
42683
78911
54.09%
1160931
6.80%
158975
7.30
26.85%
3.677%
56589
-22401
-0.395854318

2006
14010
31269
44.80%
920750
3.40%
80038
11.50
17.50%
1.522%
19612
-11301
-0.576228839

2010

2009

2008

2007

2006

819194

619800

-43,356,437,000

-22,378,092,000

819194000000

775837563000
251,827
243,707
433,475
0.58895328 0.58150916 0.57927351
396556
376742
708171
524380
931848
968526
0.75623784 0.40429555 0.73118429
208798
153776
189044
0.4883
0.3669
0.2526

775,837.56
0.668289126
1108745
998649
1.110244941
241817
0.2083

597,421.91
0.648842691
897056
836858
1.071933351
245261
0.2664

2010
2009
2008
-318686132 -350202702 -64253295
622238000 697882000 703265000
303551868 347679298 639011705

2007
-43356437
819194000
775837563

2006
-22378092
619800000
597421908

1.45524154 1.66521592 0.93980687

2010
2009
2008
-318686.13 -350202.70 -64253.30
622238
697882
703265
303551.87 347679.30 639011.71

0.705635391
2007
-43356.44
819194
775837.56

0.673146891
2006
-22378.09
619800
597421.91

-1.04985726 -1.00725785 -0.100551

352680
-103433
41753

-0.055883395
78911

-0.037457769
31269

-0.90361271 3.38579275 -1.5388905

-0.549434642

-0.71566382

2010
376442
524380
4391
44381

2009
360435
931848
4562
85189

2008
644639
831554
65409
166086

2007
1038950
995235
63308
181768

2006
797462
834846
25811
80193

6.198E+11
597,421,908,000

-39990
-80627
-100677
0.19415747 0.32287429 0.37871278
0.01166448 0.01265693 0.10146609

-92889
0.268287294
0.060934597

-40350
0.148892545
0.032366433