According to CFS NBK, Kazakhstan net pension assets reached KZT 2,386.3 billion ($16.4 billion) as of May 1, 2011

/IRBIS, May 19, 2011/ - According to the data of the Committee on Regulation and Supervision of Financial Market and Financial Organizations of the National Bank (CFS NBK), 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 May 1, 2011 reached KZT 2,386.3 billion. (equivalent of $16,396.1 million at the weighted average exchange rate effective on the mentioned date). Corresponding indicator as of April 1, 2011 is KZT 2,346.5 billion or $16,104.9 million. In April 2011 net assets of accumulative pension funds (APF) grew by 1.7% (by 1.8% in dollar terms) relative to the previous month. As of the beginning of May 2011, the total sum of pension assets made KZT 2,389.5 bln., of which KZT 2,346.7 bln. were invested. Total for April 2011 in the country were three specialized organizations engaged in investment management of pension assets (IMPA), and 12 of the APF. Nine funds - JSC "Accumulation Pension Fund of the People's Savings Bank of Kazakhstan", JSC "SPC" SAPF, JSC APF BTA Kazakhstan TO BTA Bank "JSC," SPF "Capital", JSC "SPC" Kazakhmys " JSC "OSPF" Otan ", JSC" SPC "Oil & Gas-Dem", JSC "SPC" Republic "and Eurasian APF managed their pension assets on their own. The share of the PA under management of those funds was at the beginning of May 2011 71.0% of the PA of the country (on April 1, 2011 - 74.4%). The following table shows the amount of assets of each fund (million KZT, unless otherwise indicated), as well as the distribution of assets of APF on IMPA on May 1, 2011. In parentheses are shown for comparison the share of the funds and IMPA on May 1, 2011. --------------------------------------------------------------------------- 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 177,982 +7.1 178,280 7.64 (7.09) 170,692 ---------------------- --------- -------- --------- ------------- --------- Total 177,982 +7.1 178,280 7.64 (7.09) 170,692 ---------------------- --------- -------- --------- ------------- --------- PAIMO Zhetisu JSC --------------------------------------------------------------------------- APF Ular Umit JSC* 441,134 +43.5 441,058 18.91 (13.09) 421,942 ---------------------- --------- -------- --------- ------------- --------- Total 441,134 +21.6 441,058 18.91 (15.44) 421,942 ---------------------- --------- -------- --------- ------------- --------- PAIMO Nur-Trust JSC --------------------------------------------------------------------------- OAPF.Atameken.JSC 73,186 +1.4 73,206 3.14,(3.08) 71,417 ---------------------- --------- -------- --------- ------------- --------- Total 73,186 +1.4 73,206 3.14 (3.08) 71,417 ---------------------- --------- -------- --------- ------------- --------- APF operating as pension assets management companies independently --------------------------------------------------------------------------- APF NefteGas-Dem JSC 85,062 +2.7 85,178 3.65 (3.53) 85,063 APF Eurasian JSC 79,118 +1.1 79,238 3.40 (3.35) 77,226 APF Respublica JSC 63,281 +3.3 63,360 2.72 (2.61) 62,525 APF SAPF JSC 412,415 +3.6 413,315 17.72 (17.00) 410,336 APF SB JSC BTA Bank BTA Kazakhstan JSC 787,080 +3.2 788,824 33.82 (32.56) 785,802 APF of Halyk Savings 24,137 -2.5 24,185 1.04 (1.06) 22,958 Bank of Kazakhstan JSC APF Kazakhmys 65,365 +3.7 65,344 2.80 (2.68) 63,994 OAPF Otan JSC 120,583 +2.8 120,725 5.18 (5.01) 119,211 APF Capital JSC 56,948 +3.0 56,780 2.43 (2.35) 55,500 ---------------------- --------- -------- --------- ------------- --------- Total 1,693,988 -3.0 1,696,950 71.02 (74.39) 1,682,615 ---------------------- --------- -------- --------- ------------- --------- TOTAL pension assets 2,386,290 +1.7 2,389,494 100 2,346,666 --------------------------------------------------------------------------- The largest APF at the end of April 2011 in terms of pure PA were (in descending order PA) JSC APF National Savings Bank of Kazakhstan ", JSC", SPC "UlarUmit" and JSC "SPC SAPF. According to the volume of assets under management: on the first place - JSC APF National Savings Bank of Kazakhstan (33.0% of all the PA's control). On second place - JSC "SPC" UlarUmit (18.5%), on third place - JSC "SPC" SAPF (17.3%). The highest rate of growth of assets in April 2011 was characterized by JSC "SPC" UlarUmit "(43.5% in Tenge). In absolute monetary terms, by the greatest amount of growth of assets leads JSC APF UlarUmit (133,879.1 million tenge). On second place is - JSC APF National Savings Bank of Kazakhstan (24,574.5 million tenge), the third - JSC "SPC" SAPF (14,257.4 million tenge). Invested assets by financial instruments as of May 1, 2011 were allocated as follows: ------------------------------------------------------------ As at As at As at May 1 April 1 March 1 -------------------------------------- ----- ------- ------- Domestic GS of the Ministry of Finance and the National Bank: long-term 37.68 37.73 37.37 long-term in intern. currency 0.12 0.10 0.11 short-term 6.72 5.67 7.01 Stocks of foreign issuers (foreign currencies): stocks 3.52 3.74 2.65 corporate bonds 5.85 5.95 6.25 Foreign states' securities 0.54 1.54 1.50 Stocks of Kazakhstan companies: 2.51 2.31 2.33 stocks bonds 7.24 7.38 7.61 Deposits and deposit certificates 23.57 23.24 24.14 in the National bank of Kazakhstan and the second tier banks: KZT foreign currencies 6.76 7.07 6.94 Refined gold 0.61 0.62 0.63 Derivative instruments 3.09 2.28 1.84 Securities of international financial 0 0 0 organizations -------------------------------------- ----- ------- ------- Funds on investment accounts and other assets 1.79 2.37 1.62 ------------------------------------------------------------ [2011-05-19]