National bank of Kazakhstan describes deposit April 2008 market

/IRBIS, June 10, 08/ - The National Bank of the Republic of Kazakhstan in its regulative press-release on the state of financial market of the republic cited information on the condition of the deposit market of Kazakhstan in April 2008. Quotation start The total volume of deposits of residents in the banking system for April 2008 increased by 0.4% compared to March 2008 (compared to December 2007, growth by 6.3%) to KZT4133.5 bn. The deposits of legal entities grew by 0.2% to KZT2643.2 bn., deposits of physical entities - by 0.7% to KZT1490.2 bn. In April 2008 deposits in the national currency decreased by 0.9% to KZT2675 bn., deposits in the foreign currency grew by 2.7% to KZT1458.4 bn. As a result, the unit weight of deposits in tenge decreased from 65.5% to 64.7%. Public deposits (with account of non-residents) in banks during the month increased by 0.9% (in comparison with December 2007 - by 4.5%) to KZT1513 bn. In April 2008, in the structure of public deposits tenge deposits increased by 1.9% to KZT956.3 bn. and deposits in the foreign currency decreased - by 0.9% to KZT556.6 bn. As a result, the unit weight of tenge deposits increased from 62.6% to 63.2%. In April 2008, the weighted average interest rate on tenge time deposits of non-bank legal entities form 5.9% (in March 2008 - 6.7%), and on deposits of individuals -11.3% (11.4%). Quotation end [2008-06-10]