According to AFS, Kazakhstan net pension assets reach KTZ2,020.0 billion ($13.3 billion) as of April 1, 2010

/IRBIS, July 23, 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 July 1, 2010 reached KTZ2,020.0 billion. (or equivalent of $13,690.0 million at the weighted average exchange rate effective on the mentioned date). Corresponding indicator as of June 1, 2010 is KTZ2,001.0 billion or $13,614.3 million. In June 2010 net assets of accumulative pension funds (APF) grew by 0.9% (by 0.4% in dollar terms) relative to the previous month. As of the beginning of January 2010, the total sum of pension assets made KZT2,018.5 bn., of which KZT1,981.2 bn. were invested. Total for June 2010 in the republic were three specialized organizations engaged in the investment management of pension assets (OOIUPA), and 13 NPF. Nine funds - JSC "Accumulation Pension Fund of the People's Savings Bank of Kazakhstan", JSC "SPC" SAPF ", JSC NPF BTA Kazakhstan" TO "BTA Bank", JSC "SPC" Capital ", JSC" SPC "Kazakhmys", JSC ONPF "Otan", JSC "SPC" Naftogaz-Dem ", JSC" SPC "Republic" and JSC "Eurasian NPF managed pension assets independently. The share of PA being managed by these funds was at the beginning of July 2010 74.4% of the PA of the Republic (on June 1, 2010 - 74.2%). We recall that the Board of the Republic of Kazakhstan Agency for regulation and supervision of financial markets and financial institutions from July 15, 2010 # 112 JSC OOIUPA Orleu was denied a license to operate on the securities market for regular (three or more times during the twelve calendar months) the violation of legislation of Kazakhstan regulating activity in the market of securities. For the systematic violation of the laws of the Republic of Kazakhstan regulating the activities of pension funds (including those set by the authorized body of prudential regulations), the Board of the FSA by May 19, 2010 # 70 JSC "Accumulation Pension Fund" Korgau "denied a license to engage in activities to raise pension contributions and implementation of pension payments for # 0000017, issued by the National Bank of Kazakhstan on Dec. 26, 2003. The following table shows the amount of assets of each fund (million KZT, unless otherwise indicated), as well as the distribution of assets of NPF on OOIUPA on July 1, 2010. In parentheses are shown for comparison the share of the funds and OOIUPA on June 1, 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 127,923 +2.4 127,981 6.34,(6.11) 125,082 ------------------------- --------- -------- --------- ------------- --------- Total 127,923 +2.4 127,981 6.34,(6.11) 125,082 ------------------------- --------- -------- --------- ------------- --------- PAIMO Zhetisu JSC ------------------------------------------------------------------------------ APF Ular Umit JSC* 295,058 +5.1 294,329 14.58,(14.03) 281,052 APF Amanat Kazakhstan JSC 45,459 +0.7 45,413 2.25,(2.26) 43,803 ------------------------- --------- -------- --------- ------------- --------- Total 340,516 +4.5 339,742 16.83,(16.28) 324,855 ------------------------- --------- -------- --------- ------------- --------- PAIMO Nur-Trust JSC ------------------------------------------------------------------------------ OAPF.Atameken.JSC 61,115 +2.0 61,240 3.03,(3.00) 60,545 ------------------------- --------- -------- --------- ------------- --------- Total 61,115 +2.0 61,240 3.03,(3.00) 60,545 ------------------------- --------- -------- --------- ------------- --------- APF operating as pension assets management companies independently ------------------------------------------------------------------------------ APF NefteGas-Dem JSC 68,341 +2.5 68,366 3.39,(3.33) 68,218 Eurasian APF JSC 67,484 +1.0 67,514 3.34,(3.35) 65,268 APF REPUBLIC JSC 52,024 +2.7 52,088 2.58,(2.53) 51,105 APF SAPF JSC 325,451 +1.7 325,950 16.15,(16.01) 319,694 APF SB JSC Bank TuranAlem BTA Kazakhstan JSC 177,723 -2.1 175,711 8.70,(8.96) 172,802 APF of Halyk Bank of Kazakhstan JSC 624,509 +1.7 625,063 30.97,(30.74) 621,321 APF Kazakhmys 23,110 -1.9 23,083 1.14,(1.18) 22,179 OAPF Otan JSC 57,417 +0.6 57,498 2.85,(2.86) 56,921 APF Capital JSC 94,351 +1.5 94,288 4.67,(4.65) 93,221 ------------------------- --------- -------- --------- ------------- --------- Total 1,490,409 +1.1 1,489,560 73.79,(73.63) 1,470,729 ------------------------- --------- -------- --------- ------------- --------- TOTAL pension assets 2,019,963 +0.9 2,018,523 100.00 1,981,211 ------------------------------------------------------------------------------ The biggest APF by the end of June 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 (4.9% in KZT terms). In absolute monetary terms on the biggest amount of asset growth the leader is APF Ular Umit JSC (growth by KZT 13,749.4). The second place by this indicator belongs to APF Halyk Savings Bank of Kazakhstan JSC (by KZT10,087.3) and the third place belongs to APF SAPF JSC (growth by KZT5,614.3). Invested assets by financial instruments as of July 1, 2010 were allocated as follows: ----------------------------------------------------------------- As at As at As at 01.07.10 01.06.10 01.05.10 -------------------------------------- -------- -------- -------- Domestic GS of the Ministry of Finance and the National Bank: long-term 34.30 34.26 34.27 short-term 8.09 9.96 9.69 Stocks of foreign issuers (foreign currencies): stocks 2.01 2.51 2.54 corporate bonds 7.70 7.33 8.14 Foreign states' securities 3.87 1.10 0.23 Stocks of Kazakhstan companies: 2.02 2.03 1.93 stocks bonds 8.89 9.33 9.80 Deposits and deposit certificates 24.02 24.54 24.90 in the National bank of Kazakhstan and the second tier banks: KZT foreign currencies 5.87 5.64 5.72 Refined gold 0.59 0.42 0.42 Derivative instruments 0.81 0.79 0.75 Securities of international financial -0.03 -0.02 -0.02 organizations -------------------------------------- -------- -------- -------- Funds on investment accounts and other assets 1.86 2.11 1.63 ----------------------------------------------------------------- [2010-07-23]