According to AFS, Kazakhstan net pension assets reach $10,800.0 m. as of May 1, 2008

/IRBIS, Vitaliy Tomskiy, June 5, 2008/ - According to the data of the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations (AFS), the total amount of net pension assets (PA) in the republic (total pension assets excluding obligations on charged commission interests, creditors' debts on pension payments) as of May 1, 2008 reached KZT1,300,100.4 m. or equivalent of $10,800.0 m. at the weighted average exchange's rate effective on the mentioned date. Corresponding indicator as of April 1, 2008 - KZT1,269,286.6 m. or $10,516.9 m. In April 2008 net assets of accumulative pension funds (APF) grew by 2.43% in tenge and by 2.69% in dollar terms. In March 2008 assets increased by 1.56% in tenge and in dollar equivalent by 1.69%. As of the beginning of May 2008, the total sum of pension assets made KZT1,302,677.6 m., of which KZT1,279,358.8 were invested. During April 2008, there were five specialized organizations carrying out pension assets investment management activity (PAIMO) and 14 APF. Eight funds - Accumulative pension fund of Halyk Bank of Kazakhstan JSC, APF SAPF JSC, SB JSC Bank TuranAlem JSC, APF BTA Kazakhstan JSC, APF Capital JSC, APF Kazakhmys JSC and OAPF Otan JSC, OAPF named after Kunaev D.A. JSC and APF NefteGas-Dem JSC which actually were PAIMO as well, pension assets were controlled independently. Share of PA, which were controlled by these funds, totaled 69.4% out of the entire amount of PA of the republic, by the beginning of May 2008 (as of April 1, this indicator was 69.3%). The table below presents volumes of assets of each fund (KZT m., unless otherwise indicated) and distribution of APF assets by PAIMO as of May 1, 2008. Figures in parentheses give the same picture as of April 1, 2008. ---------------------------------------------------------------------------- Total assets --------- ------------- Net % of all PA pension of Name of PAIMO / APF assets Volume Kazakhstan Invested ---------------------------------------------------------------------------- PAIMO GRANTUM Asset Management JSC ---------------------------------------------------------------------------- GRANTUM APF JSC 77,698 77,849 5.98,(5.99) 76,822 -------------------------------- --------- --------- ------------- --------- Total 77,698 77,849 5.98,(5.99) 76,822 -------------------------------- --------- --------- ------------- --------- PAIMO Bailyk Asset Management JSC ---------------------------------------------------------------------------- OAPF SENIM JSC 42,880 42,825 3.29,(3.40) 42,047 -------------------------------- --------- --------- ------------- --------- Total 42,880 42,825 3.29,(4.89) 42,047 -------------------------------- --------- --------- ------------- --------- PAIMO ZHETYSU JSC ---------------------------------------------------------------------------- APF UlarUmit JSC 223,614 224,059 17.20,(17.16) 212,192 -------------------------------- --------- --------- ------------- --------- APF Korgau JSC 19,236 19,259 1.48,(1.49) 19,037 -------------------------------- --------- --------- ------------- --------- Total 242,850 243,317 18.68,(17.16) 231,230 -------------------------------- --------- --------- ------------- --------- PAIMO Premier Asset Management JSC ---------------------------------------------------------------------------- APF Respublika JSC 3,791 3,793 0.29,(0.25) 3,756 Total 3,791 3,793 0.29,(0.25) 3,756 -------------------------------- --------- --------- ------------- --------- PAIMO Nur-Trust JSC ---------------------------------------------------------------------------- OAPF Atameken JSC 31,187 31,223 2.40,(2.43) 30,471 -------------------------------- --------- --------- ------------- --------- Total 31,187 31,223 2.40,(2.43) 30,471 -------------------------------- --------- --------- ------------- --------- APF, operating as pension assets management companies independently -------------------------------- --------- --------- ------------- --------- OAPF named after Kunaev D.A. JSC 28,494 28,458 2.18,(2.30) 28,266 APF NefteGas-Dem JSC 31,886 31,945 2.45,(2.45) 31,265 APF SAPF JSC 216,082 216,591 16.63,(16.73) 216,234 APF SB JSC Bank TuranAlem BTA Kazakhstan JSC 142,278 142,591 10.95,(10.85) 140,721 APF of Halyk 383,114 384,096 29.49,(29.32) 379,468 Bank of Kazakhstan JSC APF Kazakhmys 26,235 26,283 2.02,(2.04) 25,955 -------------------------------- --------- --------- ------------- --------- OAPF Otan JSC 33,548 33,575 2.58,(2.57) 33,037 -------------------------------- --------- --------- ------------- --------- JSC APF Capital JSC 40,056 40,131 3.08,(3.02) 40,086 -------------------------------- --------- --------- ------------- --------- Total 901,695 903,671 69.37,(69.27) 895,033 -------------------------------- --------- --------- ------------- --------- TOTAL pension assets 1,300,100 1,302,678 100.0 1,279,359 ---------------------------------------------------------------------------- The biggest APF by the end of March from the point of net PA volume (in descending order of PA amount): APF Halyk Bank of Kazakhstan JSC, APF Ular Ymit JSC and APF SAPF JSC By the volume of the managed assets APF Halyk Bank of Kazakhstan JSC keeps on leading (29.49% of all PA in management). The second place belongs to APF Ular Umit JSC (17.20%); the third place APF SAPF JSC - (16.63%). The highest asset growth rate (17.81% in tenge) in April was recorded in APF REPUBLIC JSC. In absolute monetary terms on the biggest amount of asset growth the leader is to APF Halyk Bank of Kazakhstan JSC (growth by KZT11,671.2 m.). The second place by this indicator belongs to APF Ular Umit JSC. Its assets have grown during the month by KZT6,037.7 m., the third place belongs to APF DB JSC Bank TuranAlem BTA Kazakhstan JSC (growth by KZT4,779.0 m.) Invested assets by financial instruments as of May 1, 2008 were allocated as follows (figures in parentheses display data for previous two months in reverse chronological order, % are given from full PA): - long-term domestic GS of the Ministry of Finance (KZT) - 20.63% (20.21%; 20.30%); - short-term domestic GS of the Ministry of Finance and the National Bank (KZT) - 3.58% (5.01%; 4.87%); - stocks of foreign issuers (foreign currencies) - 2.99% (4.05%; 3.28%); - corporate bonds of foreign issuers (foreign currencies) - 8.18% (7.65%; 6.90%); - foreign states' securities - 1.95% (2.92%; 4.12%); - stocks of Kazakhstan companies - 13.33% (13.47%; 13.64%); - bonds of Kazakhstan companies - 29.13% (30.63%; 30.83%); - deposits and deposit certificates in the National bank of Kazakhstan and the second tier banks (KZT) - 14.15% (11.42%; 12.15 %) - deposits and deposit certificates (foreign currencies) - 1.30% (1.22%; 0.79%); - refined gold - 2.90% (2.00%;0.97%); - derivative instruments - 0.07% (0.05 %; -0.03 %). Funds on investment accounts and other assets according to data of AFS as of May 1 were 1.79% (1.37%; 2.12%) of the total amount of PA. [2008-06-05]