According to AFS, Kazakhstan net pension assets reach KTZ2,206.6 billion ($15.0 billion) as of December 1, 2010

/IRBIS, December 8, 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 December 1, 2010 reached KTZ2,206.6 billion. (or equivalent of $14,951.8 million at the weighted average exchange rate effective on the mentioned date). Corresponding indicator as of November 1, 2010 is KTZ2,168.7 billion or $14,696.0 million. In November 2010 net assets of accumulative pension funds (APF) grew by 1.7% (by 1.7% in dollar terms) relative to the previous month. As of the beginning of December 2010, the total sum of pension assets made KZT2,207.7 bln., of which KZT2,180.0 bln. were invested. Total for November 2010 in the country worked three specialized organizations engaged in investment management of pension assets (IMPA), and 13 of the 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," SPF "Capital", JSC "SPC" Kazakhmys " JSC "OSPF" Otan ", JSC" SPC "Oil & Gas-Dem", JSC "SPC" Republic "and Eurasian NPF managers of pension assets on their own. The share of the PA under management of those funds, was at the beginning of December 2010 74.2% of the PA of the country (on 1 November 2010 - 74.2%). 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 December 1, 2010. In parentheses are shown for comparison the share of the funds and OOIUPA on November 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 146,273 +2.2 146,447 6.63 (6.60) 142,037 ------------------------- --------- -------- --------- ------------- --------- Total 146,273 +2.2 146,447 6.63 (6.60) 142,037 ------------------------- --------- -------- --------- ------------- --------- PAIMO Zhetisu JSC ------------------------------------------------------------------------------ APF Ular Umit JSC* 308,529 +1.5 307,895 13.95 (13.98) 298,100 APF Amanat Kazakhstan JSC 48,786 +2.3 48,757 2.21 (2.19) 46,899 ------------------------- --------- -------- --------- ------------- --------- Total 357,315 +1.6 356,653 16.16 (16.17) 344,999 ------------------------- --------- -------- --------- ------------- --------- PAIMO Nur-Trust JSC ------------------------------------------------------------------------------ OAPF.Atameken.JSC 66,582 +1.6 66,657 3.02 (3.02) 66,140 ------------------------- --------- -------- --------- ------------- --------- Total 66,582 +1.6 66,657 3.02 (3.02) 66,140 ------------------------- --------- -------- --------- ------------- --------- APF operating as pension assets management companies independently ------------------------------------------------------------------------------ APF NefteGas-Dem JSC 75,784 +1.8 75,845 3.44 (3.43) 74,687 Eurasian APF JSC 72,250 +1.3 72,335 3.28 (3.29) 71,090 APF Respublica JSC 57,052 +1.3 57,137 2.59 (2.60) 56,990 APF SAPF JSC 365,947 +2.5 366,619 16.61 (16.50) 364,317 APF SB JSC BTA Bank BTA Kazakhstan JSC 177,906 -0.6 176,806 8.01 (8.21) 174,374 APF of Halyk Savings Bank of Kazakhstan JSC 694,205 +2.2 695,841 31.52 (31.36) 693,838 APF Kazakhmys 24,772 +0.3 24,802 1.12 (1.14) 23,932 OAPF Otan JSC 60,339 +0.04 60,253 2.73 (2.78) 59,703 APF Capital JSC 108,162 +2.3 108,282 4.90 (4.88) 107,885 ------------------------- --------- -------- --------- ------------- --------- Total 1,636,417 +1.8 1,637,921 74.19 (74.20) 1,626,816 ------------------------- --------- -------- --------- ------------- --------- TOTAL pension assets 2,206,587 +1.7 2,207,678 100.00 2,179,993 ------------------------------------------------------------------------------ The biggest APF by the end of November 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 (31.5% of all PA in management). The second place belongs to APF SAPF JSC (16.6%), the third place- APF Ular Umit JSC (13.9%). The highest asset growth rate in November, 2010 was recorded in APF GRANTUM JSC (2.5% in KZT terms). In absolute monetary terms on the biggest amount of asset growth the leader is APF National Savings Bank of Kazakhstan JSC (growth by KZT15,246.6). The second place by this indicator belongs to APF SPF JSC (by KZT8,480.0) and the third place belongs to APF GRANTUM JSC (growth by KZT4,588.5). Invested assets by financial instruments as of December 1, 2010 were allocated as follows: ----------------------------------------------------------------- As at As at As at 01.12.10 01.11.10 01.10.10 -------------------------------------- -------- -------- -------- Domestic GS of the Ministry of Finance and the National Bank: long-term 37.03 37.29 36.64 long-term in intern. currency 0.05 0.05 0.05 short-term 9.93 9.55 8.13 Stocks of foreign issuers (foreign currencies): stocks 2.13 1.73 2.05 corporate bonds 6.20 6.01 6.93 Foreign states' securities 1.18 1.14 1.94 Stocks of Kazakhstan companies: 2.13 2.04 2.00 stocks bonds 8.37 8.4 8.38 Deposits and deposit certificates 24.79 24.74 25.29 in the National bank of Kazakhstan and the second tier banks: KZT foreign currencies 5.29 5.59 5.65 Refined gold 0.32 0.32 0.33 Derivative instruments 1.33 1.34 1.17 Securities of international financial -0.03 -0.03 -0.03 organizations -------------------------------------- -------- -------- -------- Funds on investment accounts and other assets 1.25 1.83 1.47 ----------------------------------------------------------------- [2010-12-20]