| Article/Year | 2009 (th. kzt) | 2010 (th. kzt) | Growth (%) | 2011 (th. kzt) | Growth (%) | Unit fraction (%) |
| Assets | ||||||
| Cash and cash equivalents | 8 540 605 | 26 685 768 | 67,9 | 20 107 525 | (32) | 7.85 |
| Trading Securities | 12 752 840 | 23 800 278 | 46,4 | 27 825 689 | 10.87 | |
| Amounts due from credit institutions | 891 550 | 655 498 | (36) | 4 295 555 | 84,7 | 1.67 |
| Loans to customers | 197 286 085 | 166 935 617 | (18) | 176 920 547 | 5,6 | 69.10 |
| Derivative financial instruments | 308 398 | 157 383 | (95) | 208 459 | 24,5 | 0.08 |
| Investment securities held-to-maturity | - | 8 231 246 | 8 931 862 | 7,8 | 3.49 | |
| Current corporate income tax assets | 123 988 | 41 329 | (200) | 49 078 | 15,8 | 0.02 |
| Deferred corporate income tax assets | 3 677 065 | 13 059 557 | 71,8 | 11 892 750 | (9,8) | 4.65 |
| Property and equipment | 1 795 800 | 1 324 204 | (35,6) | 1 791 965 | 26,1 | 0.70 |
| Other assets | 1 129 480 | 3 107 681 | 63,6 | 4 006 693 | 22,4 | 1.57 |
| Total assets | 226 505 811 | 243 998 561 | 256 030 123 | 4,6 | ||
| Liabilities | ||||||
| Amounts due to credit institutions | 72 947 048 | 10 589 522 | (588) | 10 487 177 | (1) | 5.27 |
| Amounts due to customers | 47 996 546 | 130 493 261 | 141 754 931 | 71.22 | ||
| Eurobonds issued | 119 999 906 | 8 784 286 | (1266) | 9 816 237 | 4.93 | |
| Debt securities issued | 34 917 390 | 37 882 862 | 7,8 | 36 203 246 | (4,6) | |
| Derivative financial instruments | 3,179 | - | - | 18.19 | ||
| Other liabilities | 1 172 738 | 635 985 | (84) | 769 583 | 0.39 | |
| Total liabilities | 277 036 807 | 188 385 916 | (47) | 199 031 174 | 100 (77.74) | |
| Equity | ||||||
| Common shares | 34 461 415 | 59 183 173 | 42,5 | 59 183 166 | 103.83 | |
| Preferred shares | 542 773 | 542 773 | 542 773 | 0.95 | ||
| Treasury preferred shares | (107 071) | (107 071) | (107 144) | (0.19) | ||
| Additional paid-in capital | - | - | ||||
| Reserve from revaluation of available-for-sale securities | - | 123 246 | 135 618 | 0.24 | ||
| Accumulated deficit | (84 992 411) | (4 129 476) | (1958) | (2 755 471) | (49) | (4.83) |
| Total equity | (50 530 996) | 55 612 645 | 56 998 949 | 100 (22.26) | ||
| Total liabilities and equity | 226 505 811 | 243 998 561 | 256 030 123 | 4,6 |
According to the analysis of the Temirbanks statement of financial position we can see that the last three years for this company were quite saturated.
The 2010 year was the year of renewal and creation of a strong foundation for growth and development. There is a special date - the 30th of June, 2010 in the reported period. This is the date when the bank successfully completed restructuring of its indebtedness, restored its prudential norms and started a new era in its life. No doubt that this date became the day of Temirbank revival. One of the major consequences of the restructuring was the State represented by the National Welfare Fund Samruk-Kazyna, becoming the major shareholder of the bank. Surely, that was a great contribution to stability and reliability of the bank. Following the restructuring the first time for the last 2-3 years the bank achieved positive dynamics of the main financial indicators - the considerable increase of assets, capital and profit has been marked in 2010., says the Chairman of Temirbank Management Board Yerzhan Shaikenov.
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In 2010 the bank completed the restructuring process started by the parent company in 2009 in accordance with the restructuring plan approved by the majority of creditors on the creditors meeting on March 31, 2010. After the restructuring completion the State represented by the parent company entered into the banks capital. On December 31, 2010 the stake of the State was 79.88%. 19.57% were passed into the ownership of the creditors. The bank restructured its liabilities for the total amount of about USD 1.5 billion including:
USD 830 million international obligations on eurobonds
USD 370 million deposit of JSC BTA Bank
USD 205 million local bonds
USD 75 million deposits of the parent company
USD 10 million trade finance
The bank has changed the type of obligations, coupon and extended the term of local bonds for ten years. The main result of the restructuring the bank recovered its equity capital up to the level required by the regulator. As of December 31, 2010 the equity capital was KZT 55 612,6 million. The banks indebtedness decreased from KZT 277 036,8 million as of December 31, 2009 to KZT 188 385,9 million as of December 31, 2010. Income from the restructuring is KZT 93 768,3 million. On December 31, 2010 the Bank was in line with all prudential norms.
Comparing with the end of 2009 the assets increased for 7% and amounted to KZT 243 998,6 million. Portion of high liquid assets increased as well as a volume of cash, cash equivalents and securities portfolio. Loans to customers decreased for 18% (in absolute values the reduction is KZT 30 350,5 million). Loan portfolio reduction resulted from scheduled repayments, small volumes of loans and write-off of bad loans.
Comparing with 2009 the liabilities decreased for 32% and amounted to KZT 188 385,9 million. Amounts due to credit institutions decreased for 63%, while amounts due to customers increased for 172% resulted from the replacement of BTA Bank deposits by deposits of JSC National Welfare Fund Samruk-Kazyna. Total amount of the Fund deposits is KZT 74 605,6 million at the year-end. In 2010 the bank increased corporate and retail deposits volume. As a result, the portion of amounts due to customers in total liabilities of the bank was 69 % at the year-end. After the restructuring the volume of issued Eurobonds decreased for 93% - from KZT 119 999,9 million to KZT 8 784,3 million. [1]
In the
[1] 2010 Annual report of Temirbank
