AFS characterized the banking sector of Kazakhstan as of May 1, 2007

/IRBIS, Dinara Mukasheva, July 5, 07/ - Agency of Republic of Kazakhstan for regulating and supervision over financial market and organizations (AFS) in its regulating press-release, dedicated to state of financial market and financial organizations of the republic, had characterized the banking sector of Kazakhstan as of May 1, 2007. By data of AFS as of mentioned date the banking sector of the republic was represented by 33 second tier banks, from which 14 banks with foreign participation (including 9 daughter banks - non0residnets of Republic of Kazakhstan). According to the press-release the joint assets of bank for April increased by KZT20.3 bn. (0.2%) and made KZT9,593.1 bn.. Joint rated shareholders equity of banking sector made KZT1,340.1 bn., increasing for April by KZT69.1 bn. (5.4%). Indicators of adequacy of capital for reporting date made k1 - 0.10; k2 - 0.14 (as of April 1, 2007: k1 - 0.10; k2 - 0.14). Loan portfolio of banks (considering interbanks' loans) increased for April by KZT434.4 bn (6.6%) to KZT7,008.2 bn.. In the structure of credit portfolio of banks as of May 1, 2007 stake of standard credits made 46.7%, of doubtful - 51.9%, hopeless - 1.4% ( as of April 1, 2007 stake of standard credits made 52.9%, doubtful - 45.5%, hopeless - 1.6%). Total sum of deposits attracted by banks from juridical and physical persons (excluding banks and international financial organizations) was KZT5,551.8 bn. increasing compared to last year by 0.9%, sum of deposits of juridical persons - KZT4,344.5 bn., sum of deposits of physical persons - KZT1,207.3 bn., increasing by 2.0%. Deposits of daughter organizations of special appointment made KZT 2,117.7 bn. (increased by 0.2%). According to data of AFS, joint sum of revenues of second tier banks as of April 1, 2007 made KZT488.5 bn., increasing compared to similar period of last year by 104.9%. sum of charges made KZT40.36 bn., increasing compared to last year by 96.9%. Undistributed net income (uncovered loss) of banks made KZT70.1 bn., which is higher than indicator of last year by 154.0%.. Except this AFS informed that for abortion of banking legislation for April 2007 banks were rendered 7 directions compulsory for execution. As of May 1, 2007 in the process of forced liquidation are 13 banks. In April 2007 concerning questions of regulating the activities of second tier banks and banking conglomerates by Board of AFS was accepted the number of resolutions: - "About confirmation of Rules of giving the permission for opening of bank, and also licensing of banking and other operations, activity on market of securities, maintained by banks"; - "About inclusion of changes and additions to resolution of Board of Agency of Republic of Kazakhstan for regulating and supervision over financial market and organizations dated January 9, 2006 #3 "About confirmation of handing, recalling of agreement on purchasing of status of big participant of the bank and banking holding"; - "About setting of rating agencies and minimal rating for bonds, with which banks may conduct deals". [2007-07-05]