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21.09.2009 18:13 #KASE news

According to AFS, Kazakhstan net pension assets reach KTZ1.721.5 billion ($ 11.4 billion) as of September 1, 2009

/IRBIS, Dinara Mukasheva, September 21, 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 September 1, 2009 reached KTZ 1,721.5 billion. (or equivalent of $11,416.1 million at the weighted average exchange rate effective on the mentioned date). Corresponding indicator as of August 1, 2009 - KTZ 1,679.8 billion or $ 11,145.7 million.

In August 2009 net assets of accumulative pension funds (APF) grew by 2.5% (by 2.4% in dollar terms) relative to the previous month. As of the beginning of September 2009, the total sum of pension assets made KZT 1,722.1 bn., of which KZT 1,667.8 bn. were invested.

During August 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 77.5 % out of the entire amount of PA of the republic, by the beginning of September 2009 (as at August 1, 2009 - 77.7 %).

The following table shows the volume of assets of each fund (million KZT, unless otherwise indicated), as well as the distribution of assets of APF on OOIUPA on September 1, 2009. In parentheses for comparison are the proportion of the funds and OOIUPA on August 1, 2009.

The table below presents volumes of assets of each fund (KZT m., unless otherwise indicated) and distribution of APF assets by PAIMO as of September 1, 2009. Figures in parentheses give the same picture as of August 1, 2009.

----------------------------------------------------------------------------
                                                      Total assets
                                             ---------------------
                                Net                    % of all PA
                            pension                             of
Name of PAIMO / APF          assets Trend, %    Volume  Kazakhstan  Invested
----------------------------------------------------------------------------
PAIMO GRANTUM Asset Management JSC
----------------------------------------------------------------------------
GRANTUM APF JSC              99,992     +3.3   100,383        5.83    98,719
------------------------- --------- -------- --------- ----------- ---------
Total                        99,992     +3.3   100,383        5.83    98,719
------------------------- --------- -------- --------- ----------- ---------

PAIMO Orleu JSC

----------------------------------------------------------------------------
APF Korgau JSC*              21,442     +1.7    21,463        1.25    20,991
------------------------- --------- -------- --------- ----------- ---------
Total                        21,442     +1.7    21,463        1.25    20,991
------------------------- --------- -------- --------- ----------- ---------

PAIMO ZHETYSU JSC

----------------------------------------------------------------------------
APF UlarUmit JSC            220,891     +2.7   218,077       12.66   212,315
------------------------- --------- -------- --------- ----------- ---------
Total                       220,891     +2.7   218,077       12.66   212,315
------------------------- --------- -------- --------- ----------- ---------

PAIMO Nur-Trust JSC

----------------------------------------------------------------------------
OAPF Atameken JSC            47,307     +6.0    47,423        2.75    46,841
------------------------- --------- -------- --------- ----------- ---------
Total                        47,307     +6.0    47,423        2.75    46,841
------------------------- --------- -------- --------- ----------- ---------

APF, operating as pension assets management companies independently

----------------------------------------------------------------------------
APF AMANAT-KAZAKHSTAN JSC    34,509     +3.3    34,513        2.00    33,985
APF NefteGas-Dem JSC         54,667     +3.5    54,799        3.18    54,364
Eurasian Accumulated         56,557     +2.2    56,693        3.29    55,190
pension fund JSC
APF REPUBLIC JSC             29,499    +11.7    29,570        1.72    29,376
APF SAPF JSC                275,499     +1.0   275,742       16.01   252,778
APF SB JSC Bank TuranAlem
BTA Kazakhstan JSC          211,981     +0.3   212,115       12.32   206,606
APF of Halyk
Bank of Kazakhstan JSC
                            512,400     +3.0   514,291       29.86   500,704
APF Kazakhmys                28,866     +1.1    28,833        1.67    28,663
OAPF Otan JSC                52,830     +2.4    52,893        3.07    52,088
APF Capital JSC              75,102     +3.6    75,352        4.38    75,211
------------------------- --------- -------- --------- ----------- ---------
Total                     1,331,911     +2.3 1,334,801       77.51 1,288,965
------------------------- --------- -------- --------- ----------- ---------
TOTAL pension assets      1,721,542     +2.5 1,722,146      100.00 1,667,831
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* In April, 2009 PAIMO Orleu JSC controlled assets of APF Kograu JSC;

The biggest APF by the end of August, 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 National Savings Bank of Kazakhstan JSC is still leading (29.9% of all PA in management). The second place belongs to APF SAPF JSC (16.0%), the third place- APF Ular Umit JSC (12.7 %).

The highest asset growth rate in August, 2009 was recorded in APF REPUBLIC JSC ( KTZ11.8 %). In absolute monetary terms on the biggest amount of asset growth the leader is APF National Saving Bank of Kazakhstan JSC (growth by KZT16,013.5 m.). The second place by this indicator belongs to APF Ular Umit JSC (by KZT 7,110.7 m.), the third place belongs to APF GRANTUM JSC (growth by KZT 3,286.6 m.).

Invested assets by financial instruments as of Sept 1, 2009 were allocated as follows:

-----------------------------------------------------------------
                                          As at    As at    As at
                                       01.09.09 01.08.09 01.07.09
-------------------------------------- -------- -------- --------
Domestic GS of the Ministry of Finance
and the National Bank:
long-term                                  30.3     29.4     27.4
short-term                                  4.1      4.8      3.2
Stocks of foreign issuers
(foreign currencies):
stocks                                      2.4      2.6      2.5
corporate bonds                             9.2      9.2      9.2
Foreign states' securities                  3.2      3.9      5.8
Stocks of Kazakhstan companies:
stocks                                     10.9     10.7     11.3
bonds                                      26.9     27.2     27.5
Deposits and deposit certificates
in the National bank of Kazakhstan
and the second tier banks:
KZT                                         3.4      3.5      4.4
foreign currencies                          1.1      1.1      0.6
Refined gold                                  -        -        -
Derivative instruments                      0.2      0.2      0.2
Securities of international financial
organizations                               5.1      5.1      4.9
-------------------------------------- -------- -------- --------
Funds on investment accounts
and other assets                            3.2      2.2      3.1
-----------------------------------------------------------------

[2009-09-21]