AFS characterized the banking sector of Kazakhstan as of June 1, 2008

/IRBIS, Dinara Mukasheva, June 20, 08/ - 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 June 1, 2008. As of June 1, 2008, according to AFS, the banking sector of the republic was represented by 35 second tier banks. Changing of main characteristics of condition of Kazakhstan banking sector ----------------------------------------------------------------------------- Changing (in %) relative to values -------------------------------- As of June As of May As of Jan As of June Indicator 1, 08 1, 08 1, 08 1, 07 ------------------------------- ---------- --------- --------- ---------- Joint assets 11,938.0 +2.1 +2.2 +18.2 Joint rated shareholders equity 1,893.5 +2.8 +6.3 +36.7 Loan portfolio 8,848.1 -0.1 -0.2 +17.6 Past-due debt on main debt and accrued bonus 205.2 +9.2 +74.8 Х Total sum of deposits attracted by banks from juridical and 6,818.7 +2.7 +6.1 +14.6 physical persons The joint sum of revenues 1,041.2 +23.1 -42.1 +69.7 The sum of charges 983.1 +22.5 -37.6 +94.8 Undistributed net income 58.1 +33.9 -73.8 -37.3 ----------------------------------------------------------------------------- Indicators of adequacy of capital for reporting date made k1 - 0.12; k2 - 0.15 (as of January 1, 08: k1 - 0.11; k2 -0.14). As of June 1 the level of liquidity of bank system remained on surplus level. Consolidated ratio of current liquidity as of June 1, 2008 made 1.39 at minimal amount for separate bank 0.3, short term liquidity ratio - 1.13 at minimal amount - 0.5. The stake of liquid assets to consolidated bank's assets makes 13.7%. In the stuctire of loan portfolio of banks, the stake of standard loans made 42.4%, doubtful loans - 55.1%, hopeless - 2.5%. As of January 1, 2008 the stake of standard loans made 39.7%, doubtful loans - 58.8%, hopeless - 1.5%. The sum of credit, as doubtful loans of 5 category and hopeless (except homogeneous credits) made KZT447.5 bn (growth for month- by 10.7%) and in joint loan portfolio their stake made 5.1% (according to portfolio of homogeneous credits, not working loans are considered as the sum of actually created provisions) Decreasing of rate of growth of loan volumes in economic spheres, notwithstanding the increasing in a month, what is conditioned by decreasing in the following sectors: transport - by 3.5%; industry - by 0.4%, individual enterprise - by 0.4%; agriculture - by 1.2%, trade - by 0.3%. At that, increasing is observed in the sphere of: connection - by 3.2%, construction - by 0.7%, non productive sphere - by 0.5%. Since year beginning, remains on economic credits increased by KZT79.2 bn. or 1.2%. Total sum of deposits of juridical persons made KZT5,325.6 bn. having increased for May by 3.9%, including deposits of daughter organizations of special assignment made KZT2,499.2 bn.(+0.02%). Sum of deposits of physical persons made KZT1,493.1 bn., decreased for May, 2008 by by 1.3%. As of June 1, 2008 joint liabilities made KZT10,429.6 bn. At that, liabilities before nonresidents made KZT5,288.7 bn. or 50.75 from joint liabilities. Liabilities before nonresidents decreased since year beginning by 3.2% (increasing for month made KZT7.7 bn.). In the whole, liabilities before nonresidents with maturity term of 1 year (reducing since year beginning - by 8.1%) made KZT1,525.0 bn. At that, relation of liquid assets to short term liabilities ratio before nonresidents makes 110%. Improvement of mentioned indicators is observed which made 0.99%. For violations of banking legislation in May 2008, banks were rendered 1 written notification, 3 letters-liabilities, and 3 written agreements. As of June 1, 2008 there are 8 banks in the process of forced liquidation by the decision of Court. In May 2008 concerning questions of regulating the activity of second tier banks and banking conglomerates by the Board of Agency were accepted several resolutions: - "About approving of license regulations of credit bureau activity"; - "About inclusion of additions and changes to resolution of Board of Agency of Republic of Kazakhstan for regulating and supervision over financial market and organizations dated September 23, 2006 # 215 "About confirmation of Rules on calculation interest rates while developing information on the amount of interest on financial services". [2008-06-20]