According to AFS, Kazakhstan net pension assets reach KTZ1,956.1 billion ($13.3 billion) as of April 1, 2010

/IRBIS, April 14, 2010/ - 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 April 1, 2010 reached KTZ1,956.1 billion. (or equivalent of $13,308.7 million at the weighted average exchange rate effective on the mentioned date). Corresponding indicator as of March 1, 2010 is KTZ1,918.9 billion or $13, 025.5 million. In March 2010 net assets of accumulative pension funds (APF) grew by 1.9% (by 2.2% in dollar terms) relative to the previous month. As of the beginning of January 2010, the total sum of pension assets made KZT1,919.6 bn., of which KZT1,882.0 bn. were invested. During March 2010, 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 76.4% out of the entire amount of PA of the republic, by the beginning of March, 2010 (as at March 1, 2010 - 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 March 1, 2010. Figures in parentheses give the same picture as of March 2010. ------------------------------------------------------------------------------ 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 117,082 +2.6 117,277 5.99,(5.96) 116,073 ------------------------- --------- -------- --------- ------------- --------- Total 117,082 +2.6 117,277 5.99,(5.96) 116,073 ------------------------- --------- -------- --------- ------------- --------- PAIMO.Orleu.JSC ------------------------------------------------------------------------------ APF Korgau JSC* 19,343 -7.6 19,353 0.99,(1.09) 17,335 ------------------------- --------- -------- --------- ------------- --------- Total 19,343 -7.6 19,353 0.99,(1.09) 17,335 ------------------------- --------- -------- --------- ------------- --------- PAIMO ZHETYSU JSC ------------------------------------------------------------------------------ APF.UlarUmit.JSC 266,744 +3.6 266,655 13.61,(13.36) 256,296 ------------------------- --------- -------- --------- ------------- --------- Total 266,744 +3.6 266,655 13.61,(13.36) 256,296 ------------------------- --------- -------- --------- ------------- --------- PAIMO Nur-Trust JSC ------------------------------------------------------------------------------ OAPF.Atameken.JSC 58,648 +0.2 58,667 3.00,(3.05) 57,522 ------------------------- --------- -------- --------- ------------- --------- Total 58,648 +0.2 58,667 3.00,(3.05) 57,522 ------------------------- --------- -------- --------- ------------- --------- APF operating as pension assets management companies independently ------------------------------------------------------------------------------ APF AMANAT-KAZAKHSTAN JSC 42,916 +2.4 42,972 2.19,(2.19) 42,478 APF NefteGas-Dem JSC 64,428 +2.2 64,548 3.30,(3.29) 64,098 Eurasian Accumulated 64,879 +3.1 65,160 3.33,(3.29) 64,262 pension fund JSC APF REPUBLIC JSC 47,646 +3.4 47,724 2.44,(2.40) 47,267 APF SAPF JSC 308,522 +1.9 309,245 15.79,(15.81) 304,043 APF SB JSC Bank TuranAlem BTA Kazakhstan JSC 198,009 -1.2 197,166 10.07,(10.40) 194,327 APF of Halyk Bank of Kazakhstan JSC 598,405 +2.4 600,131 30.64,(30.47) 597,325 APF Kazakhmys 24,237 -0.4 24,283 1.24,(1.27) 23,212 OAPF Otan JSC 56,745 +1.1 56,883 2.90,(2.93) 56,366 APF Capital JSC 88,510 +2.6 88,709 4.53,(4.50) 88,611 ------------------------- --------- -------- --------- ------------- --------- Total 1,494,298 +1.8 1,496,821 76.42,(76.55) 1,481,990 ------------------------- --------- -------- --------- ------------- --------- TOTAL pension assets 1,956,115 +1.9 1,958,774 100.00 1,929,216 ------------------------------------------------------------------------------ * In April, 2009 PAIMO Orleu JSC controlled assets of APF Kograu JSC; The biggest APF by the end of March 2010 from the viewpoint of net PA volume (in descending order of PA amount): APF National Saving 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 (30.6% of all PA in management). The second place belongs to APF SAPF JSC (15.8%), the third place- APF Ular Umit JSC (13.6%). The highest asset growth rate in February, 2010 was recorded in APF REPUBLIC JSC (4.0% in KZT terms). In absolute monetary terms on the biggest amount of asset growth the leader is APF National Saving Bank of Kazakhstan JSC (growth by KZT 15,295.8 m.). The second place by this indicator belongs to APF Ular Umit JSC (by KZT 10,244.1 m.) and the third place belongs to APF SAPF JSC (growth by KZT 5,675.3 m.). Invested assets by financial instruments as of April 1, 2010 were allocated as follows: ----------------------------------------------------------------- As at As at As at 01.04.10 01.03.10 01.02.10 -------------------------------------- -------- -------- -------- Domestic GS of the Ministry of Finance and the National Bank: long-term 34.16 33.03 33.16 short-term 8.94 9.76 7.58 Stocks of foreign issuers (foreign currencies): stocks 2.62 2.61 2.62 corporate bonds 8.06 8.09 8.17 Foreign states' securities 0.16 0.28 1.17 Stocks of Kazakhstan companies: 1.96 1.91 3.96 stocks bonds 10.03 10.14 10.54 Deposits and deposit certificates 25.71 25.63 25.46 in the National bank of Kazakhstan and the second tier banks: KZT foreign currencies 5.71 5.40 4.30 Refined gold 0.42 0.43 0.44 Derivative instruments 0.74 0.76 0.43 Securities of international financial -0.01 -0.01 -0.01 organizations -------------------------------------- -------- -------- -------- Funds on investment accounts and other assets 1.50 1.97 2.18 ----------------------------------------------------------------- [2010-04-14]