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

/IRBIS, September 13, 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 August 1, 2007. Beginning of citation As of August 1, 2007, the banking sector of the republic was represented by 33 second tier banks, from which 14 banks are with foreign participation (including 9 daughter banks - non-residents of Republic of Kazakhstan). The joint assets of banks for July increased by KZT26,203 m. (0.23%) and made KZT11,199.9 bn. as of August 1, 2007. As of August 1, 2007, joint rated shareholders equity of banking sector made KZT1,595.1 bn., increasing for July by KZT74.6 bn. (4.9%). The increase since the beginning of the year has made 36.5% (KZT426.5 bn.). Indicators of adequacy of capital for reporting date made k1 - 0.10; k2 - 0.13 (as of July 1, 07: k1 - 0.10; k2 - 0.14). Loan portfolio of banks (considering interbanks' loans) increased for July by KZT327.9 bn (3.99%) to KZT8,560.6 bn.. In the structure of credit portfolio of banks as of August 1, 2007, the stake of standard credits made 42.9%, of doubtful - 55.9%, hopeless - 1.1% ( as of July 1, 2007 stake of standard credits made 44.9%, doubtful - 54.0%, hopeless - 1.1%). Total sum of deposits attracted by banks from juridical and physical persons (excluding banks and international financial organizations) was KZT6,315.5 bn. increasing compared to last month by 2.16%, sum of deposits of juridical persons - KZT4,848.2 bn., sum of deposits of physical persons - KZT1,467.2 bn., increasing by 7.15%. Deposits of daughter organizations of special appointment made KZT2,648.0 bn. (increased by 4.92% within a month). As of August 1, 2007, the joint sum of revenues of second tier banks made KZT927.7 bn., increasing compared to similar period of last year by 105.0%. The sum of charges made KZT784.6 bn., increasing compared to last year by 103.7%. Undistributed net income (uncovered loss) of banks made KZT143.1 bn., which is higher than indicator of last year by 112%. The growth over July of current year made 23.5% (KZT27.2 bn.). For violations of banking legislation over July 2007, banks were rendered 10 directions compulsory for execution, 2 letters-liabilities. In July of 2007, the Board of the Agency has accepted the following resolutions to regulate the activities of second tier banks and banking conglomerates: - "On corrective action and amendments in the resolution of the Board of Agency of Republic of Kazakhstan for regulating and supervision over financial market and organizations dated September 23 of 2006 # 215 "On confirmation of Rules of calculation of interest rates by second tier banks while spreading the information about the amounts of payment for financial services", - "On corrective action and amendments in the resolution of the Board of Agency of Republic of Kazakhstan for regulating and supervision over financial market and organizations dated August 27 of 2005 # 320 "On establishment of documents' list to be kept, on their storage term in the second tier banks", - "On corrective action and amendments in the resolution of the Board of Agency of Republic of Kazakhstan for regulating and supervision over financial market and organizations dated February 23 of 2007 #49 "On confirmation of the Rules of paper work for crediting by banks". End of citation [2007-09-13]