Total amount of pensionary savings of Kazakhstani issuers for January-June 2011 increased by 8.6%

/IRBIS, July 27, 2011/ - The total amount of pension savings of issuers of Kazakhstan, increasing over January-June by 193.9 billion tenge (8.6%), was on July 1, 2011 KZT 2,452.1 billion, reports the Committee for the Control and Supervision of Financial Market and Financial Institutions of the National Bank of Kazakhstan. As indicated, the number of accounts on mandatory pension contributions on July 1, 2011 was 8,063,743 with a total amount of pension savings of KZT 2,446.5 bln. During January-June this year the number of accounts of contributors, listing the mandatory pension contributions, increased by 73 961 units (0.9%), pension funds have increased by 193.9 billion (8.6%). The number of accounts of depositors (receivers) on voluntary pension contributions at July 1, 2011 amounted to 38,649 with total pension savings of 1.2 billion. Since the beginning of the year number of accounts of depositors, listing the voluntary pension contributions, decreased by 885 units (2.2%). The number of accounts of depositors (receivers) of voluntary professional pension contributions on July 1, 2011 amounted to 4,093 accounts with total pension savings of 106.9 million tenge. Total pension contributions for the January-June 2011 amounted to 188.1 billion tenge. The amount of "net" investment income from the investment of pension assets (minus commissions), distributed to individual pension accounts of contributors (recipients), decreased from January to June of 6.5 billion, as of July 1, 2011 totaled 564.8 billion. In total pension savings (receivers) share of "pure" investment income on July 1, 2011 amounted to 23.0%. Pension payments and transfers to insurance companies of pension funds as of July 1, 2011 amounted to 203.8 billion tenge. In January-June 2011, funds carried out pension payments to recipients in the total amount of 36.1 billion tenge. Translations of pension savings (recipients) from one fund to another as of July 1, 2011 amounted to KZT 1,183.6 billion. As of July 1, 2011 the weighted average rates of nominal income on pension assets of pension funds was as follows: - for 5 year period (June 2006 - June 2011) - 35.31% (cumulative inflation rate over the same period - 61.59%). Adjusted average nominal income ratio - 35.02%; - for 3-year period (June 2008 - June 2011) - 12.53% (cumulative inflation rate over the same period - 24.57%); - for 12 months (June 2010 - June 2011) - 4.68% (inflation rate over the same period - 8.40%). As of July 1, 2011 the share of securities whose issuers defaulted on securities issues accounted for 0.82% of total pension assets in absolute terms amounted to 20.1 billion tenge. For non-compliance of certain provisions of existing legislation of the Republic of Kazakhstan to pension funds were sent to six written orders, demanded three letters of commitment and signed 3 written agreements. As of July 1, 2011 in the process of forced liquidation by a court are two pension funds: JSC "NP "Valut - Transit Fund", JSC "APF "Korgau". As of July 1, 2011 in the republic there are 13 pension funds, which have 76 branches and 51 representative offices in the regions. Licenses to attract pension contributions and pension payments have 13 pension funds, and all 13 are licensed to independently manage pension assets. In June, the license to attract pension contributions and pension payments, as well as to independently manage pension assets of accumulative pension funds were not given [2011-07-27]