Income ratios of APF for March 2001 - March 2002 according to data of NBK

/IRBIS, Apr 17, 02, retransmitted due to erroneous data presented by the Department on OPAPF Kurmet CJSC and PAPF Kazakhstan CJSC, rest of the text unchanged/ - The Stock Market Regulatory Department of the National Bank of Kazakhstan (Department) has calculated ratios of real and nominal incomes of accumulative pension funds (APF) of the country for March 2001 - March 2002. The data are presented in the following table. When compiling the table the agency IRBIS included the information of the Department on volumes of net assets of APF (total pension assets less liabilities on charged commissions, accounts payable on pensions) as of April 1, 2001 and April 1, 2002. Assets are converted into US dollars at official rate of the National bank for the mentioned days. In parentheses there is a difference with comparable figures of previous month. -------------------------------------------------------------------------- Net assets, mln USD Ratio of Ratio of ------------------- real nominal As of As of Title of PAMC or APF income К3 income К2 Apr 1.02 Apr 1.01 ---------------------------- ------------ ------------ --------- --------- State Accumulative Pension Fund CJSC -------------------------------------------------------------------------- State Accumulative Pension 9.52(+0.71) 14.99(-0.02) 408.861 322.120 Fund CJSC ---------------------------- ------------ ------------ --------- --------- Pension Assets Management Company ABN AMRO Asset Management CJSC -------------------------------------------------------------------------- KNPF Philip Morris - - 3.118 - Kazakhstan CJSC APF Halyk pension fund JSCOT 10.52(+0.65) 16.05(-0.08) 22.639 13.010 APF ABN AMRO- 9.24(+0.69) 14.70(-0.04) 89.709 54.087 KaspiiMunaiGas CJSC APF CAPITAL CJSC - - 0.016 - -------------------------------------------------------------------------- Pension Assets Management Company Jetysu CJSC -------------------------------------------------------------------------- APF UlarUmit CJSC 8.90(+0.82) 14.34(-0.90) 228.911 144.165 APF Kazakhmys CJSC 9.35(+0.34) 14.82(-0.40) 47.072 33.592 OPAPF NefteGas-Dem CJSC 9.20(+0.70) 14.66(-0.02) 29.587 18.711 ---------------------------- ------------ ------------ --------- --------- Pension Assets Management Company Halyk Bank Kazakhstan CJSC -------------------------------------------------------------------------- APF Halyk Bank of 7.32(+0.06) 12.69(-0.68) 284.122 176.999 Kazakhstan CJSC OTAN PAPF CJSC - - 2.392 - ---------------------------- ------------ ------------ --------- --------- Pension Assets Management Company BTA Asset Management CJSC -------------------------------------------------------------------------- PAPF Kazakhstan CJSC 9.55(+0.70) 15.03(-0.02) 34.509 21.445 OPAPF Kurmet CJSC 9.49(+0.49) 14.96(-0.25) 49.380 28.150 ---------------------------- ------------ ------------ --------- --------- Non-state Pension Assets Management Company Aktiv-Invest CJSC -------------------------------------------------------------------------- PAPF Valut-Transit Fond CJSC 9.20(+0.70) 14.66(-0.02) 29.896 15.860 APF Korgau CJSC 10.02(+0.14) 15.52(-0.62) 17.121 7.601 PAPF Kunayev CJSC 9.53(+1.41) 15.01(+0.73) 3.738 2.853 ---------------------------- ------------ ------------ --------- --------- Pension Assets Management Company BESTINVEST CJSC -------------------------------------------------------------------------- PAPF SENIM CJSC 9.23(+0.51) 14.69(-0.23) 64.842 42.608 -------------------------------------------------------------------------- Notes: Only those funds, whose assets were under constant management of indicated PAMC throughout the reporting period, are shown in the table. Comparison of data on other APF, whose assets were under the management for incomplete period, will be inaccurate. Weighted average ratio of real income for pension assets of the accumulative pension funds mentioned above for March 2001 - March 2002 equaled 8.95% (8.42% and 8.45% for the last two periods in reverse chronological order, respectively) by the data of the Department. Ratio of nominal income (K2), by the method of the Department, reflects the profitability of APF assets calculated by accruing totals. Ratio of real income (K3) - Department's estimate of the profitability of the assets, including consumer price index (CPI) in Kazakhstan, which equaled 105.0 (105.7; 106.0) by the data of the Department. Devaluation of national currency, that reached 4.79% (IRBIS estimates) by weighted average rate of tenge towards dollar of the Exchange, does not take into consideration K3. Actually, assets of the depositors are protected against devaluation by investing them into securities indexed by the change in exchange rate of tenge against the dollar, into currency bonds and currency deposits of the banks. Important note: the agency IRBIS is not responsible for the accuracy of the data presented by NSC, as well as for the accuracy of calculation methods used for the ratios mentioned above. [2002-04-17]