On April 17-19 APF UlarUmit CJSC (Kazakhstan) will hold a seminar devoted to results of the fund's activity in year 2001

/IRBIS, Apr 16, 02/ - On April 17-19 in sanatorium "Almaty" Accumulative pension fund UlarUmit CJSC (Almaty) will hold a seminar - meeting of directors of branches and general representatives. It was said in a press release of the fund distributed today. Representatives of following state and financial structures have been invited to the seminar: Committee on regulation of accumulative pension funds (APF) activity, PAMC ZHETYSU, bank-custodian, State Center on pensions payment. During the seminar there will be considered results of activity of APF UlarUmit CJSC for the year 2001 and strategic ways of its development in 2002-2003 years. It is specified in the press release that the year 2001 was noted by intensive growth of the fund's potential. In compliance with directions of Strategic plan and Program of development of APF UlarUmit CJSC efforts of the management in 2001 were directed to strengthening of the fund's positions due to maximal number of depositors and pension contributions, further increase of pension accumulations volume, expansion of branch network and development of pension services system. Volume of pension assets of the fund for specified period increased by 13.4 billion tenge or by 74% and reached 31.4 billion tenge or 25% of aggregate assets of non-state accumulative pension funds. A number of depositors increased by 142 th. or by 24.7% and as for now accounts for more than 743 th. people. Volume of pension accumulations of APF UlarUmit CJSC reached today KZT35.5 billion. Average amount of pension accumulations per one depositor of APF UlarUmit CJSC as of January 01,2002 accounted for 43.8 th. tenge. Parameter of average annual yield of pension assets of the fund from the beginning of the fund's activity by accrual amount based on data of the Stock market regulatory department of the National Bank of Kazakhstan as of February 01,2002 - 43.75%. It is said in the press release that the fund during 2001 repaid 1.2 billion tenge to more than 35.0 th. buyers living in the whole territory of Kazakhstan. Number of made contracts on voluntary pension contributions reached 1.9 th. in the amount of 0.8 billion tenge. According to the fund's data, its charter capital - 440 million tenge - is the highest among accumulative pension funds of Kazakhstan. Shareholders of APF UlarUmit CJSC are KAZKOMMERTSBANK OJSC, Kazcink OJSC, Kazakhtelecom OJSC, Company Vneshinvest LLP, AutoCenter BUTYA CJSC, SemeySu CJSC, Kaznefteproduct OJSC, Khoztovary OJSC, Alautransgas OJSC, Treminal LLP. The most important goals of the fund are increase of reliability level and security of pension accumulations, compliance with principles of transparency of the fund's activity and timely information distribution and also increase of service quality. APF UlarUmit CJSC works upon development and strengthening of branch network taking into account regional specifics and clients' needs. For the first quarter of 2002 the fund opened two branches: North-Kazakhstan and Zhambyl. Till the end of the year the subsidiaries are planned to open in all oblasts of the republic. In the press release it is also informed that for increasing of attractiveness APF UlarUmit CJSC together with KAZKOMMERTSBANK OJSC and SC Kazkommertspolis CJSC plans to introduce a complex of banking, insurance goods and services. [2002-04-16]