AFS of Kazakhstan characterized sector of organizations rendering separate types of banking services in the republic as of August 1, 2008

21.08.08 20:31
/IRBIS, Dinara Mukasheva, August 21, 08/ - Kazakhstan agency for financial market and financial organizations regulation and supervision (AFS) in its scheduled press-release dedicated to the condition of the republic's financial market and financial organizations has characterized sector of organizations rendering separate types of banking services in Kazakhstan, August 1, 2008. According to AFS, as of August 1, 2008, 12 mortgage companies, and 23 organizations rendering separate types of banking services functioned on financial market of republic, based on current licenses. Changing of main indicators, characterizing the condition of sector of Kazakhstan mortgage organizations (in bn. KZT)* ----------------------------------------------------------------------- Changing (in %) relative to values ----------------------------------- As of August As of July As of Jan As of August Indicator 1,08 1,08 1,08 1,07 -------------------- ------------ ---------- --------- ------------ sum of joint assets 209.4 -0.05 -3.1 +18.4 Joint liabilities 160.6 +0.4 -6.4 +11.8 shareholders equity 48.8 -1.4 +9.4 +47.0 joint loan portfolio 172.6 +1.9 -4.3 +10.2 ----------------------------------------------------------------------- * According to preliminary data In the structure of credit portfolio of mortgage organizations as of August 1, 2008 stake of standard credits made 93.0 %, doubtful - 6.4 %, hopeless - 0.6 %. As of January 1, 2008 stake of standard credits totaled 95.5%, doubtful - 3.9%, hopeless - 0.6%. In July, 2008 with objectives of removal the abortion of legislation, regulating the activities of mortgage organizations, AFS sent 1 written direction to mortgage organizations. [2008-08-21]