AFS characterized the republic's accumulative pension system as on June 1, 2009

/IRBIS, Dinara Mukasheva, June 21, 09/ - Agency of Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations (AFS) in its scheduled press-release dedicated to the republic's financial market and financial organizations has characterized Kazakhstan accumulative pension system as on June 1, 2009. According to AFS, as at June 1, 2009 a total of 14 accumulative pension funds were functioning in Kazakhstan, which have 76 branches and 48 representatives in the regions of republic. The license on investment management of pension assets of accumulative pension funds have 14 legal entities, 10 of them were accumulative pension funds, which had licenses for independent management of pension assets. In May 2009, 1 accumulative pension fund was given the license for independent management of pension assets. Changing of main indicators, characterizing the condition of accumulative pension system of Kazakhstan (in bn. KZT) -------------------------------------------------------------------------- Changing (in %) ------------------- As on For a since For a Indicator June 1, 09 month 2009 year ------------------------------------------- ---------- ------ ----- ------ The number of individual pension accounts on compulsory pension fees (items) 9,567,355 -0.4 -0.5 +2.3 total sum of pension accumulations 1,616.0 +3.2 +14.2 +20.4 Amount of accounts of depositors on voluntary pension fees (items) 40,617 +0.1 -2.1 -1.5 total sum of pension accumulations 902.9 +0.5 -5.9 +2.8 Amount of accounts of depositors on voluntary professional pension fees (items) 4,071 -0.2 +1.0 +2.0 total sum of pension accumulations 72.0 +5.1 +25.0 +18.1 (m. KZT) Pension savings of depositors 1,621.2 +3.2 +14.1 +20.4 Total income of pension fees 1,302.0 +1.9 +9.9 +28.1 (bn. KZT) Total net investment income* 408.9 +7.4 +33.2 +5.7 The sum of pension payments to 2.8 -17.6 +7.7 +27.3 receivers (bn. KZT) Transfers of pension accumulations to other funds 110.5 +2.6 +20.0 +44.6 -------------------------------------------------------------------------- *from investment of pension assets, distributed for individual pension accounts of investors The stake of "net" investment income in total sum of pension savings of depositors (receivers) made 25.2 %, for May 2009, the stake increased by 0.9 percent points. As at June 1, 2009 average weighted coefficients of nominal income on pension assets of accumulative pension funds made: - For 5 year period (May 2004 - May 2009) - 44.26 % (accumulated inflation level for similar period - 62.87 %). Corrected average weighted coefficient of nominal income - 40.08 %; - For 3 year period (May 2006 - May 2009) - 20.75 % (accumulated inflation level for similar period - 39.38 %); - For 12 month period (May 2008 - May 2009) - 1.13 % (inflation level for similar period - 8.4 %). For abortion of separate norms of the current Legislation, 2 written directions, 2 letters-liabilities and were demanded from accumulative pension funds in May 2009. As at June 1, 2009 one accumulative pension fund is in the process of forced liquidation by the court decision (APF Valut Transit Fund JSC). [2009-06-26]