Y3I>EK11ctoh pecnYI>U11kac11 ou11 ba ypta

}J{aOaa!l 15. Ea11«!l 11u11 a«muau aa «anuma!l pe11ma6e!l!l

MHJl	KypcaTKHY	KHYHKJl pH	YpTaYaJl	MHpHKJl pH	apYacH
2001	ROA, %	6.0	5.0	1.3	1.4
	ROE, %	14.6	18.8	6.6	7.3
2004	ROA, %	1.7	2.5	0.6	0.7
	ROE, %	6.2	15.7	3.2	4.0
2006	ROA, %	1.6	2.2	0.5	0.6
	ROE, %	6.0	15.1	3.0	3.5

}J{aOaa!l 16. Ea11 ce«mopu puaoJIC!la11umu11u11 acocuU «ypcam«u !lapu (M!l )

KypcaTKHYJl	01.01.2005	01.01.2006	Y3rapHwJl
			MJlp)l,.cyM	%
)l{ H aKTHBJl	5004	5631	627	12,5
YMyMHi1 Kpe)l, nOpTcpeJlH	3505	3786	281	8,0
KHYHK 6H3Hecra Kpe)l,HTJl p	423	792	369	87,2
)l{ H KanHTaJl	824	931	107	12,9
Ax,OJl )l, 3HTJl	323	450	127	39,3

MGT-6G: MGpKG3UU 6GT-K.

}J{aOaa!l 17. Ea11« «peOum!lapu XaJICMu

CeKTOpJlap	2000-2005 i1HJlJlap)l,a OJl aH Kpe)l,HTJlap x,a MH (MJlp)l,.cyM)	2000-2005 i1HJlJlap)l,a HwJl YHl\ w x,a MH (MJlp)l,.cyM)	2000-2005 i1HJlJl p)l,arH HHc6Hi1 MHl\)l, pH
CaHOaT	1826,5	32193,2	0,0567
K,HwJlOl\ x,y aJlHrH	140,5	15437,6	0,0092
)l{aMH:	1966,0	47630,8	0,0659

Ma116a: MyaJlJlHcp x, O6Jl H.

}J{aOaa!l 18. }J{a!l u!lu11za11 u11 muu.uR!l , 6u111 aa OapoMaO co!l .

MHJlJl	2001	2002	2003	2004	2005	2006	2007
eBOcHTa aJl6 l\HJl HraH HHBecTHu,H51Jl p, MJlH.)l,OJlJl.	387,5	355,0	507,7	687,1	746,4	895,6
KHYHK 6H3Hec Ba XT 51VI )l,arH yJl wH, %	33,8	34,6	35	35,6	38,2	42,1	45*
apOMa)l, cOJl H nacai1 , %	31	24	20	18	15	12	10

MaH6a: TVI , *-npOrHO3.

}J{aOaa!l 19. AXo!lu11u11z ny!l OapoMaO!lapu aa XapaJICam!lapu

KypcaTKHYJl	2005		2006		YcHw, %
	MJlp)l,.cyM	%	MJlp)l,.cyM	%
nyJl )l, Ma)l,Jl	9728.6	100	12954.9	100		133.2
Mex,HaTra x,al\ TyJl w	2700.2	27.8	3812.7	29.4		141.2
KOpXOHaJlap)l, OJlHHa)l, aH )l, MaJlap, Hw x,al\H)l, Tawl\.	28.1	0.3	44.4	0.3		158.0
Ta)l, pJl )l,apOMa)l,Jl	5492.5	56.4	7135.8	55.1		129.9
neHcH51, Hacpal\ , cTHneH)l, 51, H THMOHi1 TyJlOBJl	1507.8	15.5	1962.0	15.2		130.1
nyJl capcpJl Ba OMOHaTJl	9533.0	100	12680.7	100		133.0
VI MOJl cacpJl H	7107.7	74.6	9538.9	75.2		134.2
Ma 6ypHi1 TyJl Ba 6a)l,aJlJl	746.9	7.8	895.8	7.1		119.9

0MOHaTJl	ycHwH		1678.4	17.6	2246.0	17.7	133.8
apOMa)l,Jl OpTraHH	Hr	x,apa aTJlap)l,	195.6	X	274.2	X	X

MaH6a: Y36eKHcTOH Pecny6Jl aBJlaT cTaTHcTHKa l\ HTacH.

}J{aOaa!l 20. JI 11 onepau. !l XaJIC Ou11 Mu«acu

KypcaTKHY, MJlH.cyM			2001	2002	2003	2004	2005
Jl	r Onepau,H51Jl	H x,a MH	18668	31293	36695	44259	90634

MaH6a: MapKa3Hi1 0cHe)l,a Jl rHH pHBO Jl HpHw JlOi1Hx,acH MabJl MOTJl pH

}J{aOaa!l 21. KpeOum ummupo !l puaoJIC!la11umu Ou11 u

KypcaTKHYJl	2003	2004	2005
AKTHBJlapH, MJl .cyM	1200	3506	6657
epHJl aH ccy)l,aJlap, MJlH.cyM	980	2828	5737
Y3 Ma6Jl Jl , MJlH.cyM	380	926	1711
enO3HTJl , MJlH.cyM	780	2461	4733
Kpe)l, HTTHcpOl\Jl cOHH	15	20	25
Kpe)l,HT HTTHcp l\JlapH ab3OJlapH, KHwH	6990	13983	32728
Wy yMJla)l, , HcMOHHi1 waXcJl	6841	13627	M.i1
COcp cpOi1)l,a, MJlH.cyM	56.6	161	M.i1

}J{aOaa!l 22. Y16e«ucmo11 Aaa!l m u11aecmuu. R Oacmypu napaMemp!l

MaH6aJlap	2004		2005			2006
	MJlp)l,	%	MJlp)l,	%	MJlp)l,		%
1. KanHTaJl l\yi1HJl aJl	2669.2	100	2873.6	100	3533.1		100
2. MapKa3Jl MaraH HHBecTH- u,H51Jl p, wy yMJla)l, :	1669.9	62.5	2011.1	69.9	2467.9		69.8
KOpXOHaJl Ma6Jl Jl	915.0	34.2	1070.0	37.2	1340.0		37.9
TH OpaT 6aHKJl Kpe)l, Jl Ba 6Owl\ l\ap3Jlap	120.0	4.0	60.0	2.0	74.0		2.0
eBOcHTa x,OpH Hi1 HHBecTH u,H51Jl Ba Kpe)l,HTJl	384.9	14.4	564.1	19.6	664.4		18.8
Ax,OJl Ma6JlaFJl	250.0	9.0	317.1	11.0	387.5		10.9
3. MapKa3Jl raH HHBecTHu,H51 Jl , wy yMJla)l,aH:	999.2	37.5	862.5	30.1	1065.2		30.2
o)l, Ma6JlaFJlapH	300.0	11.2	345.0	12.0	395.0		11.1
o)l, eT)l, Tawl\ aMFap- MaJl Ma6JlaFJlapH	35.0	1.0	134.3	4.6	229.5		6.4

Ai1 OH3KH, Y36eKHcTOH 6aHK TH3HMH l\ i1H)l, 6Ocl\ Jl pHH 6OwH)l,aH KeYHpraH.
HpHHYH 6Ocl\ . 1991-1993 i1HJlJl : HKKH nOFOHaJl 6aHK TH3HMH waKJlJl HTHpHJl)l, .
VI HHYH 6Ocl\HY. 1994-1997 i1HJlJl : TapMOl\ 6aHKJl pH Ty3HJl)l, .
YYHHYH 6Ocl\ . 1998-2000 i1HJlJl : XycycHi1 6aHKJl Ty3HJl)l, Ba KOpnOpaTHB 6Owl\ B MeXaHH3MH waKJlJl HTHpHJl)l,H.
TypTHHYH 6Ocl\ . 2001 Ba x,O3HprH )l, Bp)l, (2007 i1HJl): 6aHK TH3HMH)l,arH HcJlOx,OTJl
Yyl\ pJl Jl)l,H.

11 4. 11 p r p x,rapH

1. 
   Ma«poMo!l u11 mop!l . Yw6y rypyx,ra MOJlH51 cOx, cHHHHr pal\O6aT6OwJlHJl rHHH HcpO)l, Jl HH)l, aTOpJl KHpa)l,H. 51 yJl HHHr ep)l,aMH)l,a )l, BJl MOJlH51 Ba Hl\ O)l, peaJl ceKTOpHHHHr MOJlH51 6O3O pH)l, rH x,OJl HcpO)l,aJl Ha)l,H. 4yHKH yJl HHHr HKKaJl cH x, MOJlH51 6O3OpHHHHr l\ THawYHJlapH x,HcO6Jl Ha)l,H. y rypyx, HH)l, aTOpJl HHH TypTTa KHYHK rypyx,ra a paTHw MyMKHH:
   
   1. 
      J(Ge!lGm 6HJo:J1emU 6Gp�GpOp!lU UT-U UrjJOoG!lOelfU UT-oUKGmOp!lGp.
      
      1. 
         o)l, eT )l,ecpHu, HHH 51VIMra HHc6aTH 3 cpOH3)l,aH OwMacJl H JlO3HM.
         
      2. 
         aBJl l\ 51VI HHc6aTH 60 cp )l, OwMacJlHKH KepaK. VI Ba Tawl\ l\ap3Jlap
         

)l, pa aJl H 51VI HHHr 30 cpOH3H)l,aH OwMacJl Jl .

3. 
   aBJlaT l\ HH 6Owl\ Hw x,apa aTJl HHHHr yJlywHHH Ba )l,aBJl 6o)l, x,apa aTJl pHHHHr yMyMHi1 x, HHc6aTH 20 cpOH3)l, H OwMacJl rH Jl 3HM.
   
1. 
   KOpxOT-G eG mGiuKU!lOm!lGpT-UT- �Gp3 HJKU oGpG:J1GCUT-U UrjJOoG!lOelfU UT-oUKGmOp!lGp.
   

4. 
   HOMOJlH51BHi1 KOpXOHaJlap l\ p3HHH TywyMra HHc6aTH 30 cp 3)l, H OwMacJl H JlO3HM, aKc x,OJl)l, yJl HHHr MOJlH51BHi1 6apl\apOpJl rH yYyH x,aBcp TyFHJla)l,H. Yw6y HH)l, aTOp Ba yHHHr KpHTHK l\Hi1 TJl pH KOMnaHH51 MOJlH51 i1 cp OJlH51 HHH IAS (GAAP) cTaH)l, pJl pH acOcH)l, Tax,JlHJl l\HJlHw)l, l\ JlJl HHJla )l,HraH KypcaTKHYJl HH cHHTe3 l\HJlHw HerH3H)l, waKJlJl )l, : KOMnaHH51 l\ p3HHH XycycHi1 KanHTaJlHra HHc6aTH (arap 6y HHc6aT 1 )l, KaTTa 6yJl , yH)l, KOMnaHH51 HHr x,OJl pHcKJlH )l, 6ax,OJlaHa)l,H), XycycHi1 KanHTaJl ai1Jl HMacH KO3cpcpHu, (6y KypcaTKHY XycycHi1 KanHTaJlHH TywyMra HHc6aTH 6HJlaH yJl aHa)l, , arap yHHHr HHc6aTH 0,2 )l, H KaM 6yJl (6yH)l, KOMnaHH51 l\ p3 Jl HHHHr 6Hp l\ MHHH, O)l,aT)l,a yY)l, 6Hp l\ MHHH, pecTpyKTypH3au,H51 l\HJlHw, KOHBepTau,H51Jl Ba l\ i1 Kpe)l,HTJl w MyMKHHJl HHO6aTra OJl ), KOMnaHH51 MOJlH51 H 6Owl\ pHw cHcpaTH l\OHHl\ pcH3 )l, 6 6ax,OJlaHa)l,H).
   
5. 
   HOMOJlH51 i1 KOpXOHaJl HHHr l\Hcl\a Ba y3Ol\ My)l,)l,aTJl l\ p3Jl HHc6aTH Tax,MHHaH 70:30 6yJl KepaK. Yw6y HH)l, aTOp HOMOJlH51BHi1 ceKTOp)l,a pHcK )l, pa acHHH l\ p3 oKHra 6OFJlHl\JlHK)l,a HcpO)l, Jlai1)l,H.
   
6. 
   aHK ceKTOpH Tawl\H l\ p3HHH yHHHr aMH aKTHBJl H cyMMacHra HHc6aTH 30 cpOH3)l, H OwMacJl H JlO3HM. Yw6y HH)l, aTOp Ma3MyHaH 4-YH HH)l, aTOpra yx,waw, KanHTaJlHHHr eTapJlHJlHrHHH (12 cpOH3)l, KaM 6yJl araH MHl\)l, p)l, ) Hcp )l,aJlOBYH 20-YH HH)l, x,aM)l, H11.1 HOpMaTHB (Mebep) 6HJlaH 6OFJlHl\ (6y HOpMaTHB XycycHi1 KanHTaJl 6yi1 (400 cpOH3)l, H Kyn 6yJl H )l, pa a)l, ) x,OpH Hi1 6aHKJlap Ba MOJlH51BHi1 TawKHJlOTJl p OJl)l,H)l,arH Ma 6ypH51T Jl pHHHr MaKcHMaJl MHl\)l,OpHHH YerapaJlai1)l,H). Yw6y HH)l, aTOpHHHr KpHTHK l\Hi1MaTH 6aHK ceKTOpH pHcKH MHl\)l,OpHHH x,HcO6ra OJl x,OJl)l, HKKaJl KypcaTKHYHH cHHTe3 l\HJlHw acOcH)l,a waKJlJl )l, .
   
7. 
   aHKJl HHHr l\ l\ Ba y3Ol\ My)l,)l, TJl l\ p3Jl pH HHc6aTH Tax,MHHaH 70:30 6yJl H KepaK. Yw6y HH)l,HKaTOp 5-YH HH)l,HKaTOpra yx,waw.
   

1. 
   O!lmUT--eG!lHJ 3G)fUpG!l T-UT- emGp!lU!l oGpG:J1 .
   

4. 
   nyJl 6a3acHHH OJl BaJl Ta 3ax,Hpa 6HJlaH TabMHHJl HraHJlHJl rH )l, pa acH nyJl 6a3acHHHHr (TOp MabHO)l, 6eJlrHJl wH)l, ) 70 cpOH3H)l, H KaM 6yJl Jl H JlO3HM. AMaJl T wyHH KypcaTa)l,HKH, cTepHJl u,H51 cHecaTH MeTO)l, Jl H 3MHccHOH MOJlH51Jl wTHpHwHHHr HHcpJl51u, OH 3cpcp KTHHH Hei1TpaJlJl THpHw HMKOHHHH (20-30 cp )l, KaM 6yJl araH )l,apa a)l, ) 6epa)l, .
   
5. 
   0Jl HH BaJl Ta 3ax,HpaJlapHHHHr eTapJlHJl HHH KypcaTyBYH HH)l, aTOp. 0Jl BaJl Ta 3ax,HpaJlapHHHHr a6cOJl ycHwH nyJl 6a3acHHH ycHwH)l,aH KaTTa 6yJl KepaK, aKc x,OJl)l, HHcpJl51u, OH
   

apaeHJl HHHr a)l,aJlJlawyBH By y)l, KeJla)l, (MaMJl 6o)l, Ba Hl\ cO)l, HH l\ HMYa nyJl 3MHccH51 H 3Ba3Hra MOJlH51Jl wTHpHw x,HcO6Hra).

4. 
   0Jl HH BaJl Ta 3ax,HpaJlapHHHHr MHHHMaJl (KpHTHK) )l, pa acH HH)l, aTOpH. y )l, pa a l\yi1 )l, Jl cyMMacH)l, KaM 6yJl acJl H JlO3HM: 6Hp YOpaK)l, HMnOpTHHHr l\Hi1 x,a MH cyMMacH x,aM)l, )l,aBJl , 6aHK Ba KOpnO paTHB ceKTOpJl r l\Hcl\ My)l,)l, TJl l\ap3JlapHHH l\OnJl yYyH 3apyp 6yJl aH Ma6Jl Ba yJl 6yi1 Ya cp H3 TyJlOBJl .
   

D. I�mUCOoUem rjJGO!lURmUT-UT- MGKpOMO!l iuGpOUm!l UT- GmOp!l .

4. 
   VIl\THcO)l, r MOHeTH3au,H51JlawyBH )l, pa acH (51 M₂ nyJl arpera THHHHr 51VIMra HHc6aTH) 20-30 cpOH3)l, KaM 6yJl acJl 3apyp. Arap yHHHr )l, 15 cp H3)l, KaM 6yJl , Hl\ O)l, Hr 6apTepJl wyBH, cOJlHl\ TywyMJlapHHH KaMai1 H, HHcpJl51u,H51 KecKHH ycHwH Ba wy Ka6H 6Owl\ caJl Hi1 x,OJlaTJlap KeJl YHl\HwH MyMKHH.
   
5. 
   VIl\THcO)l, T)l,a nyJl 6yi1 TaJla6 Ba TaKJlHcp x,a MH Ba cTpyK TypacHHH y3rapHwH HH)l, aTOpH. nyJl MaccacHHHHr (M₂) ycHwH HHcpJl51u,H51 )l, pa acH Ba nJl c 51VIMHH cpOH3)l, ycHwHHHHr ol\OpH )l, pa acH)l,aH OpTMacJl rH JlO3HM. nyJl MaccacHHHHr YerapaBHi1 (KpHTHK) l\Hi1 TH)l, H OpTHwH Kpe)l,HT 3KcnaHcH51 HHH 6eJl x,HcO6Jl Ha)l,H.
   
6. 
   Kpe)l, pecypcJl Ba )l, HTJl 6yi1 Ya peaJl cpOH3 cTaBKacHHHHr y3rapHwHHH KpHTHK
   

)l, . PeaJl cpOH3 cTaBKacHHHHr y eKH 6y TOMOHra l\ y3apHwH 50 cpOH3)l, OwMacJl rH Jl 3HM, YyHKH 6y KypcaTKHY MaMJl KaT HHHr MOJl 51 i1 Ba Hl\THcO)l,Hi1 TH3HMH yYyH yTa Myx,HM Ba TabcHp 3TyBYH HHcTpyMeHT x,HcO6Jl Ha)l,H. 51 yHH KypcaTHJl MHl\)l,OpH)l, ce3HJl Jl OFHwH HHBecTHu, OH
apaeHra, 6aHK TH3HMH cp JlH51 Hra, MOJlH51 6O3OpJl a caJl6Hi1 TabcHp KypcaTHwH MyMKHH, YyHKH Hl\ cO)l, cy6beKTJl HHHHr x,aTTH x,apaKaTJl pH)l, KecKHH y3rapHwJl By y)l, KeJla)l, , HaTH a)l, Hl\ cO)l,HeT)l, nyJl a 6yJlraH TaJl Ba TaKJlHcp Kap)l,HHaJl Tap3)l, y3rapa)l, .

4. 
   PeHTa6eJlJl KypcaTKHYH acOcH)l, l\ i1H)l, HH)l,HKaTOpJl x,HcO6Jl HHwH MyMKHH:
   

• 
  Hl\ O)l, peHTa6eJlJlHrH. nyJl 6O3OpH)l,arH x,OJl l\ HHl\ pJl 6yJl wH MyMKHH, arap)l, peHTa6eJlJl MHl\)l, pH HHcpJl51u,H51 )l, acH)l, OpTHl\ 6yJlca;
  
• 
  Hl\ cO)l, r acOcHi1 TapMOl\Jl peHTa6eJlJl H HHcpJl51u, 51 )l, )l, ol\ pH 6yJl (3-5
  

cpOH3ra 6aJlaH)l, 6yJlca, 51 wH x,OJl )l,e6 6ax,OJl a)l,H);

•