FSA described the banking sector of Kazakhstan as of March 1, 2010 (on provisional data)

/IRBIS, March 30, 2010/ - Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations (AFS), in its regular technical press release on the state of financial markets and financial institutions of the republic, described the banking sector of Kazakhstan as of March 1, 2010 (preliminary data). According to the FSA as of March 1, 2010 the banking sector of Kazakhstan is 38 second-tier banks. Changing the basic parameters characterizing state of the banking sector of Kazakhstan (in billion KZT) -------------------------------------------------------------------------------- Changes in (%) to ---------------------- Indicator on March, In a month From the In a year 2010 beginning of year ------------------------------------ --------- ---------- ------------ --------- Total assets 11,745.2 +0.7 +1.6 -12.2 Total estimated Equity * -951.5 +4.8 +4.1 - Loan portfolio, including: 9,555.9 -0.02 -0.9 -6.7 loans to non-residents of Kazakhstan 1,726.7 -1.8 -4.2 -8.5 doubtful cat 5 and bad 3,465.6 -1.9 -1.5 2.8 times with overdue debt more than 90 days 2,345.9 +12.0 +15.0 3.6 times amount of provisions on loans 3,593.1 +1.5 -1.2 2.4 times Total deposits, including: 7,583.2 -4.0 -2.8 -6.8 legal persons 4,287.4 +2.2 +5.4 +13.0 Subsidiary on special issues 1,300.8 -26.5 -27.6 -52.1 Individuals 1,995.0 +3.0 +3.0 +22.9 Total liabilities, including 12,761.1 +1.0 +1.8 +6.4 to nonresidents 4,120.8 -1.7 -2.11 -24.7 aggregate amount of income ** 524.2 +41.2 - -59.8 Expenditures *** 588.3 +61.7 - -62.5 Retained net income (loss )**** -64.1 - - -75.8 -------------------------------------------------------------------------------- * On 01.03.09 aggregate estimated net worth amounted to KZT1,935.0 billion; ** On 01.01.10 aggregate amount of income amounted to KZT 7,074.2 billion; *** 01.01.10 on total expenditures amounted to KZT 9,896.1 billion; ****On 01.02.10 total net income of KZT6.2 billion On 01.01.10 aggregate net loss amounted in KZT2,835.7 billion. On March 1, 2010, assets denominated in foreign currency amounted to 43,6% of total assets (KZT5,123.1 billion), loans issued in foreign currency - 56,8% (KZT5,426.9 billion), liabilities denominated in foreign currency - 51,4% (KZT6,558.2 billion), customer deposits denominated in foreign currency - 44,3% (2 782.9 billion KZT). In the structure of the economy, the share of loans by sectors were: construction - 26.8%, trade - 26.8%, non-production sphere - 23.6%, industry - 14.6%, agriculture - 4.1%, transport - 2 9% for individual activities - 0.6%, communications - 0.6%. The share of highly liquid assets to total assets of banks amounted to 21,2%. For violation of banking legislation in February, the banks had issued - 1 written order, 3 letters of commitment, 3 written warnings. On March 1, 2010, in the process of forced liquidation by a court decision has 3 bank (JSC Rates-Transit Bank JSC, Nauryz Bank Kazakhstan JSC, Businessbank). At a meeting of the Board of the FSA, which took place 01 March 2010, on the regulation of second-tier banks and banking conglomerates adopted a resolution "On Making Addenda and Amendments to the Resolution of the Board of the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Institutions on January 9, 2006 # 6 "On the Rules of destination and the interim administration (temporary administrator) of the bank, insurance (reinsurance) and pension fund.'' [2010-03-30]