According to CFS NBK, Kazakhstan net pension assets reached KZT 2,582.6 billion ($17.5 billion) as of November 1, 2011

/IRBIS, November 29, 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 November 1, 2011 reached KZT 2,582.6 billion. (equivalent of $17,477.1 million at the weighted average exchange rate effective on the mentioned date). Corresponding indicator from October 1, 2011 is KZT 2,522.4 billion or $17,044.1 million. In October 2011 net assets of accumulative pension funds (APF) grew by 2.4% in tenge terms (in dollar terms - 2.5%) relative to the previous month. As of the beginning of November 2011, the total sum of pension assets made KZT 2,585.8 bln, of which KZT 2,500.8 bln were invested. Total for November 2011 in the country two specialized organizations engaged in investment management of pension assets (IMPA) had been operating, and 11 of the APF. Nine funds - JSC "Accumulation Pension Fund of the Halyk Savings Bank of Kazakhstan", JSC "APF "SAPF", JSC APF BTA Kazakhstan TO BTA Bank "JSC," SPF "Capital", JSC "APF "Kazakhmys", JSC "APF "Otan", JSC "APF "Oil & Gas-Dem", JSC "APF "Republic" and Astana APF were managing their pension assets on their own. The share of the PA under management of those funds was at the beginning of November 2011 was 75.1% of the PA of the country (on October 1, 2011 - 75.0%). 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 November 1, 2011. In parentheses are shown for comparison the share of the funds and IMPA on October 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 232,068 +4.4 232,568 8.99 (8.81) 227,432 ---------------------- --------- -------- --------- ------------- --------- Total 232,068 +4.4 232,568 8.99 (8.81) 227,432 ---------------------- --------- -------- --------- ------------- --------- PAIMO Zhetisu JSC --------------------------------------------------------------------------- APF Ular Umit JSC* 412,017 +0.9 411,909 15.93 (16.17) 402,908 ---------------------- --------- -------- --------- ------------- --------- Total 412,017 +0.9 411,909 15.93 (16.17) 402,908 ---------------------- --------- -------- --------- ------------- --------- APF operating as pension assets management companies independently --------------------------------------------------------------------------- APF Atameken JSC 80,069 +1.3 80,137 3.10 (3.13) 79,296 APF NefteGaz-Dem JCS 98,446 +2.5 98,578 3.81 (3.81) 96,441 APF Astana JCS 126,055 +2.4 126,335 4.89 (4.94) 123,315 APF Respublica JSC 70,216 -0.4 70,246 2.72 (2.79) 68,457 APF SAPF JSC 464,062 +2.9 465,349 18.00 (17.88) 454,154 APF of Halyk Savings Bank of Kazakhstan JSC 862,499 +2.8 863,232 33.38 (33.26) 815,679 APF Kazakhmys 23,746 -0.3 23,781 0.92 (0.94) 21,353 OAPF Otan JSC 74,454 +1.6 74,507 2.88 (2.90) 72,919 APF Capital JSC 138,953 +2.7 139,181 5.38 (5.36) 138,809 ---------------------- --------- -------- --------- ------------- --------- Total 1,938,501 +2.5 1,941,345 75.08 (75.02) 1,870,422 ---------------------- --------- -------- --------- ------------- --------- TOTAL pension assets 2,582,586 +2.4 2,585,822 100.00 2,500,762 --------------------------------------------------------------------------- The largest pension funds at the end of November 2011 in terms of net PA were (in descending order PA) JSC "APF Halyk Savings Bank of Kazakhstan", JSC "APF "SAPF "and JSC "APF "UlarUmit." In terms of volume of assets under management leader is JSC "APF of Halyk Savings Bank of Kazakhstan" (33.3% of all agents in the management). On the second place is JSC "APF "SAPF"(17.9%), on third place - JSC "APF "UlarUmit" (16.2%). The highest rate of growth of assets in November 2011 got APF "Otan" JCS (2.8% in tenge). In absolute monetary terms, by the greatest amount of growth of assets in the lead is JSC "APF GRANTUM" (5,589.5 million tenge). On second place on this indicator stands JSC "APF "Capital"(2,540.0 million tenge), the third - JSC "APF NefteGaz-Dem" (2,304.9 million tenge). Invested assets by financial instruments as of November 1, 2011 were allocated as follows: -------------------------------------------------------------- Nov 1 Oct1 Sept 1 ------------------------------------------- ----- ----- ------ Domestic GS of the Ministry of Finance and the National Bank: long-term 37.95 37.74 36.32 long-term in intern. currency 0.05 0.02 0.02 short-term 3.06 3.04 5.85 Stocks of foreign issuers (foreign currencies): stocks 1.08 1.13 3.65 corporate bonds 5.31 5.29 5.35 Foreign states' securities 4.93 1.74 1.69 Securities of international financial firms 3.90 3.64 4.73 Stocks of Kazakhstan companies: stocks 5.89 6.00 5.79 bonds 22.19 23.05 22.77 Deposits and deposit certificates in the National bank of Kazakhstan and the second tier banks: KZT 7.08 7.00 7.02 foreign currencies 0.50 0.31 0.30 Refined gold 4.81 4.58 4.86 Derivative instruments -0.03 -0.04 -0.04 ------------------------------------------- ----- ----- ------ Funds on investment accounts and other assets 3.29 6.50 1.68 -------------------------------------------------------------- [2011-11-29]