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

/IRBIS, Dinara Mukasheva, October 28, 08/ - Agency of Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations (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, October 1, 2008. According to AFS, as of October 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 Oct. As of Sept. As of Jan As of Oct. Indicator 1,08 1,08 1,08 1,07 -------------------- ---------- ----------- --------- ---------- sum of joint assets 212.2 -0.4 -1.8 +13.4 Joint liabilities 160.3 -3.0 -6.6 +4.4 shareholders equity 51.9 +8.6 +16.4 +54.0 joint loan portfolio 170.5 -1.3 -5.5 +2.8 ---------------------------------------------------------------- In the structure of credit portfolio of mortgage organizations as of October 1, 2008 stake of standard credits made 92.2 %, doubtful - 7.3 %, hopeless - 0.5 %. As of January 1, 2008 stake of standard credits totaled 95.5%, doubtful - 3.9%, hopeless - 0.6%. In September, 2008 with objectives of removal the abortion of legislation, regulating the activities of mortgage organizations, AFS sent 1 written liability and 3 written directions to organizations rendering separate types of banking services in Kazakhstan. [2008-10-28]