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

/IRBIS, November 2, 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 October 1, 2007. Beginning of citation As of October 1, 2007, the banking sector of the republic was represented by 34 second tier banks, from which 14 banks are with foreign participation (including 10 daughter banks - non-residents of Republic of Kazakhstan). On September 26, 2007 Agency had given the license for conduction of banking activities to Masterbank JSC. The joint assets of banks for September decreased by KZT81.6 bn. (0.71%) and made KZT11,469.4 bn. as of October 1, 2007. As of October 1, 2007, joint rated shareholders equity of banking sector made KZT1,685.6 bn., increasing for September, 2007 by KZT70.7 bn. or by 14.84%. The increase since the beginning of the year has made 44.2% (KZT517.0 bn.). Indicators of adequacy of capital for reporting date made k1 - 0.10; k2 - 0.14 (as of September 1, 07: k1 - 0.10; k2 -0.13). Liquidity indicators as of October 1, 2007 did not change significantly and made by the coefficient of current liquidity k4 - 1.36 (as of September 1 - 1.38) and by coefficient of short-term (up to 3 months) liquidity k5 - 0.99 (as of September 1 - 1.01). Loan portfolio of banks (considering interbanks' loans) decreased for September by KZT132.5 bn (1.5%) to KZT8,701.6 bn.. In the structure of credit portfolio of banks as of October 1, 2007, the stake of standard credits made 40.3%, of doubtful - 58.5%, hopeless - 1.2%. As of September 1, 2007 stake of standard credits made 42.0%, doubtful - 56.8%, hopeless - 1.2%. Total sum of deposits attracted by banks from juridical and physical persons (excluding banks and international financial organizations) was KZT6,273.9 bn. decreasing compared to last month by 2.3%, sum of deposits of juridical persons - KZT4,868.0 bn., decreasing by 2.06%, sum of deposits of physical persons - KZT1,405.9 bn., decreasing by 3.0%. Deposits of daughter organizations of special appointment made KZT2,626.9 bn. (decreased by 2.8% within a month). As of October 1, 2007, the joint sum of revenues of second tier banks made KZT1,270.3 bn., increasing compared to similar period of last year by 111.0%. The sum of charges made KZT1085.9 bn., increasing compared to last year by 110.8%. Undistributed net income (uncovered loss) of banks made KZT184.4 bn., which is higher than indicator of last year by 109.3%. The growth over September of current year made 19.7% (KZT30.4 bn.). As of October 1, 2007 12 banks are in the process of forced liquidation by the decision of court. In September process of liquidation was finished in relation to 1 bank. For violations of banking legislation over September 2007, banks were rendered 1 letter-liability and 1 written notification. End of citation [2007-11-02]