According to AFS, Kazakhstan net pension assets reach KZT1,570.6 bn. ($10.4 bn.) as of May 1, 2009
/IRBIS, Dinara Mukasheva, May 20, 2009/ - According to the data of the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations (AFS), the total amount of net pension assets (PA) in the republic (total pension assets excluding obligations on charged commission interests, creditors' debts on pension payments) as of May 1, 2009 reached KZT1,570.6 bn. (or equivalent of $10,426.4 m. at the weighted average exchange rate effective on the mentioned date). Corresponding indicator as of April 1, 2009 - KZT1,536.4 bn. or $10,169.6 m.
In April 2009 net assets of accumulative pension funds (APF) grew by 2.2 % (by 2.5 % in dollar terms) relative to the previous month.
As of the beginning of May 2009, the total sum of pension assets made KZT1,567.2 bn., of which KZT1,514.2 bn. were invested.
During April 2009, there were four specialized organizations carrying out pension assets investment management activity (PAIMO) and 14 APF. Ten funds - Accumulative pension fund of Halyk Bank of Kazakhstan JSC, APF SAPF JSC, SB JSC Bank TuranAlem JSC, APF BTA Kazakhstan JSC, APF Capital JSC, APF Kazakhmys JSC, OAPF Otan JSC, OAPF AMANAT- KAZAKHSTAN JSC, APF NefteGas-Dem JSC, APF REPUBLIC JSC and Eurasian accumulated pension fund JSC which actually were PAIMO as well, pension assets were controlled independently. Share of PA, which was controlled by these funds, totaled 77.2 % out of the entire amount of PA of the republic, by the beginning of May 2009 (as at April 1, 2009 - 76.5 %).
The table below presents volumes of assets of each fund (KZT m., unless otherwise indicated) and distribution of APF assets by PAIMO as of May 1, 2009. Figures in parentheses give the same picture as of April 1, 2009.
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Total assets
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Net % of all PA
pension of
Name of PAIMO / APF assets Trend, % Volume Kazakhstan Invested
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PAIMO GRANTUM Asset Management JSC
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GRANTUM APF JSC 90,333 +1.2 90,398 5.77 (5.84) 87,664
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Total 90,333 +1.2 90,398 5.77 (5.84) 87,664
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PAIMO RESMI Asset Management JSC
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APF Korgau JSC* 20,777 -5.5 20,786 1.33 (1.41) 20,061
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Total 20,777 +49.0 20,786 1.33 (0.19) 20,061
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PAIMO ZHETYSU JSC
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APF UlarUmit JSC 212,362 +0.5 207,252 13.22 (13.39) 199,327
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Total 212,362 -9.0 207,252 13.22 (14.80) 199,327
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PAIMO Nur-Trust JSC
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OAPF Atameken JSC 39,374 +3.8 39,491 2.52 (2.48) 38,833
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Total 39,374 +3.8 39,491 2.52 (2.48) 38,833
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APF, operating as pension assets management companies independently
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APF AMANAT-KAZAKHSTAN JSC 33,412 +0.3 33,259 2.12 (2.17) 32,392
APF NefteGas-Dem JSC 44,742 +5.5 44,846 2.86 (2.77) 44,230
Eurasian Accumulated
pension fund JSC 50,341 +3.1 50,352 3.21 (3.19) 49,519
APF REPUBLIC JSC** 16,795 +20.4 16,835 1.07 (0.19) 16,675
APF SAPF JSC 269,443 +1.9 270,019 17.23 (17.29) 253,952
APF SB JSC Bank TuranAlem
BTA Kazakhstan JSC 199,593 +2.4 199,886 12.75 (12.74) 197,011
APF of Halyk
Bank of Kazakhstan JSC 457,359 +2.4 457,914 29.22 (29.20) 440,253
APF Kazakhmys 29,447 +1.4 29,383 1.87 (1.89) 28,899
OAPF Otan JSC 45,216 +3.0 45,202 2.88 (2.86) 43,906
APF Capital JSC 61,446 +4.9 61,606 3.93 (3.83) 61,477
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Total 1,207,793 +2.7 1,209,302 77.16 (76.87) 1,168,315
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TOTAL pension assets 1,570,639 +2.2 1,567,229 100.00 1,514,199
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* Earlier, PAIMO ZHETYSU JSC controlled assets of APF Kograu JSC;
**April 23, 2009 APF REPUBLIC JSC was granted the license for carrying out
pension assets investment management activity. Earlier, PIAMO RESMI Asset
Management JSC controlled its assets.
The biggest APF by the end of April, 2009 from the viewpoint of net PA volume (in descending order of PA amount): APF Halyk Bank of Kazakhstan JSC, APF SAPF JSC and APF Ular Ymit JSC.
By the volume of the managed assets APF Halyk Bank of Kazakhstan JSC is still leading (29.2 % of all PA in management). The second place belongs to APF SAPF JSC (17.3 %); the third place- APF Ular Umit JSC (13.2 %).
The highest asset growth rate (20.4 % in tenge) in April, 2009 was recorded in APF REPUBLIC JSC. In absolute monetary terms on the biggest amount of asset growth the leader is APF Halyk Bank of Kazakhstan JSC (growth by KZT10,912.5 m.). The second place by this indicator belongs to APF SAPF JSC (by KZT5,396.3 m.), the third place belongs to APF SB JSC Bank TuranAlem BTA Kazakhstan JSC (growth by KZT4,831.7 m.).
Invested assets by financial instruments as of May 1, 2009 were allocated as follows:
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As at As at As at
01.05.09 01.04.09 01.03.09
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Domestic GS of the Ministry of Finance
and the National Bank:
long-term 24.9 23.9 23.4
short-term 4.7 4.6 4.3
Stocks of foreign issuers (foreign currencies):
stocks 2.7 2.8 2.7
corporate bonds 7.6 7.8 10.5
Foreign states' securities 4.7 6.8 6.6
Stocks of Kazakhstan companies:
stocks 10.8 10.2 9.8
bonds 31.5 32.4 34.3
Deposits and deposit certificates in the
National bank of Kazakhstan and the
second tier banks:
KZT 4.5 5.8 6.6
foreign currencies 0.6 0.7 -
Refined gold 0.3 0.2 -
Derivative instruments 0.1 0.1 -0.1
Securities of international financial
organizations 4.4 3.1 -
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Funds on investment accounts and other assets 3.4 1.7 2.0
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[2009-05-20]