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 ---------------------------------------------------------------------------- * 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]