AFS characterized the banking sector of Kazakhstan as of January 1, 2009

/IRBIS, Dinara Mukasheva, January 26, 09/ - Agency of Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial 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 January 1, 2009. As of January 1, 2009, according to AFS, the banking sector of the republic was represented by 37 second tier banks. Changing of main characteristics of condition of Kazakhstan banking sector (in bn. KZT) -------------------------------------------------------------- Changing (in %) relative to values ------------------- As of As of As of Indicator Jan. 1, 09 Dec.1, 08 Jan.1, 08 ------------------------------- ---------- --------- --------- Joint assets 11,899.3 -0.4 +1.8 Joint rated shareholders equity 1,953.9 +0.8 +9.7 Loan portfolio 9,238.4 +1.2 +4.2 Loans for RK nonresidents 1,537.3 +4.5 +8.8 Doubtful of 5th category and hopeless 744.2 +8.3 2.6 times Overdue debt more than Х 90 days 477.9 +0.4 provision volume on loans 1,020.5 +6.5 Х Total sum of deposits from 6,872.6 -1.2 +7.0 Legal entities 5,372.3 -2.2 +8.0 individuals 1,500.3 +2.7 +3.6 The joint liabilities 10,441.0 -0.7 Х Before nonresidents 4,687.6 +0.8 Х The joint sum of revenues 2,934.7 +12.9 +63.3 The sum of charges 2,897.2 +14.2 1.8 times Undistributed net income 15.4 -54.4 0.1 times -------------------------------------------------------------- In the structure of loan portfolio of banks as on January 1, 2009, the stake of standard loans made 43.3 %, doubtful loans - 52.3 %, hopeless - 4.4 %. As of January 1, 2008 the stake of standard loans made 39.7%, doubtful loans - 58.8%, hopeless - 1.5%. Pawns in economic branch (except individuals) made KZT7,160.0 bn., having increased for a month by KZT144.2 bn. or 2.1 %. Along with this, there is a decreasing for the reported month in the following fields: individual enterprise - by 2.4 %, connection - by 1.5 %. At that, increasing is observed in the field of: transport - by 2.5 %, industry - by 2.4 %, non productive sphere - by 2.3 %, trade - by 2.2 %, construction - by 2.0 %, agriculture - by 1.1 %. Since year beginning, loans in economy branches increased by KZT641.0 bn. or by 9.8 %. Indicators of adequacy of capital as of January 1 of the current year made k1 - 0.12; k2 - 0.15 (as of January 1, 08: k1 - 0.11; k2 -0.14). The stake of liquidity assets to joint bank's assets makes 13.6 %. For violations of banking legislation in December 2008, banks were rendered 1 written notification, 1 letter-obligation and 3 written directions. As of January 1, 2009 there are 5 banks in the process of forced liquidation by the decision of Court (Valut-Transit Bank JSC, Nauryz Bank Kazakhstan JSC, Businessbank OJSC, Kazpochtabank OJSC, Komirbank OJSC). In December 2008 AFS Board adopted the list of regulations on regulating activity of commercial banks and banking conglomerates: - "On establishing the Rules on concluding deals with the bank's bonds and bonds, issued by its subsidiaries, liabilities on which, are guaranteed by the bank"; - "On including changes into the Resolution # 359 of the Board of the Agency of Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations, dated September 30, 2005 "On establishing the Instruction on requirements to risks management systems and internal supervision in commercial banks and including changes into the Resolution # 116 of the Board of the Agency of Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations, dated March 26, 2005 "On including changes into some normative legal acts of Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations"; - "On including changes and additions into the resolution # 262 of the Board of the National Bank of Republic of Kazakhstan, dated June 2, 2000 "On establishing the Instruction on offering the part of bank's funds into internal assets". December 2008 12 Resolutions "On commercial banks acquiring the status of banking holding" were passed on. The Board of AFS also adopted the Resolution "On rejection to open Credit Altyn Bank JSC". [2009-01-26]