Incomes coefficient of Kazakhstan pension funds within March of 2002 - March of 2003 according to National Bank's data

/IRBIS, April 16, 03/ - Financial supervision department of the National Bank of Kazakhstan (Department) has calculated coefficients of real and nominal returns of the country's accumulative pension funds (APF) for March of 2002 - March of 2003. Data is presented in the table below. While compiling the table IRBIS agency used information of the National bank on net assets volume of APF (the sum of pension assets excluding liabilities on imposed commission fees, accounts payable on pension payments) as of April 1 of 2002 and April 1 of 2003. Assets have been converted into US dollars at the official National Bank's rate of exchange, which was in effect on the mentioned dates. In parentheses the difference with comparable indicator of one month's prescription is given. ------------------------------------------------------------------------ Net assets, Coefficient Coefficient m USD Name of of real of nominal As of As of PAMC or APF income k3 income k2 Apr 1, 03 Apr 1, 02 --------------------------- ----------- ------------ --------- --------- State accumulative pension fund (SAPF) CJSC ------------------------------------------------------------------------ SAPF 5.74(-0.86) 13.35(-0.71) 517.130 408.861 --------------------------- ----------- ------------ --------- --------- Pension assets management company ABN AMRO Asset Management CJSC ------------------------------------------------------------------------ КNPF Phillip Morris Kazakhstan CJSC 1.01(-1.19) 8.28(-1.07) 4.652 3.118 ABN AMRO-KaspiyMunaiGas APF CJSC 3.15(-1.25) 10.58(-1.13) 134.880 89.709 APF KAPITAL CJSC - - 7.189 0.016 --------------------------- ----------- ------------ --------- --------- Pension assets management company ZHETYSU CJSC ------------------------------------------------------------------------ APF YlarYmit CJSC 3.02(-1.91) 10.44(-1.84) 317.368 228.911 APF Kazakhmys CJSC 1.98(-1.31) 9.32(-1.20) 60.551 47.072 ONAPF NefteGas-Dem CJSC 1.77(-2.73) 9.10(-2.72) 45.862 29.587 --------------------------- ----------- ------------ --------- --------- Company of Halyk Bank of Kazakhstan on pension assets management CJSC ------------------------------------------------------------------------ APF of Halyk Bank of Kazakhstan CJSC 3.06(-1.41) 10.48(-1.30) 436.736 284.122 ONPF OTAN CJSC 1.63(-0.71) 8.94(-0.56) 24.827 2.392 --------------------------- ----------- ------------ --------- --------- Pension assets management company Ak niyet CJSC ------------------------------------------------------------------------ APF Korgau CJSC 0.19(-0.83) 7.40(-0.69) 28.406 17.121 PAPF named by Kunayev D.A. CJSC 1.34(-1.58) 8.64(-1.48) 5.882 3.738 --------------------------- ----------- ------------ --------- --------- Pension assets management company BTA Asset Management CJSC ------------------------------------------------------------------------ NAPF Kazakhstan CJSC 2.60(-1.03) 9.99(-0.89) 52.466 34.509 NOAPF Kurmet CJSC 2.41(-1.15) 9.78(-1.03) 80.037 49.380 --------------------------- ----------- ------------ --------- --------- Private pension assets management company Activ - Invest CJSC --------------------------- ----------- ------------ --------- --------- NNP Valut-Transit Fund CJSC 2.34(-0.98) 9.71(-0.84) 60.165 29.896 --------------------------- ----------- ------------ --------- --------- Pension assets management company BESTINVEST CJSC ------------------------------------------------------------------------ APF SENIM CJSC 4.85(-0.08) 12.40(+0.13) 90.388 64.842 --------------------------- ----------- ------------ --------- --------- Pension assets management company NUR-TRUST CJSC ------------------------------------------------------------------------ APF Narodniy pensionniy fond CJSC 1.52(-0.29) 8.83(-0.11) 37.049 22.639 ------------------------------------------------------------------------ Weighted average coefficient of real income on pension assets of accumulative pension funds mentioned above for March of 2002 - March of 2003 equaled, according to the Department's data, to 2.90% (4.29% and 5.20% for two previous periods in the reverse chronological order correspondingly). Nominal income coefficient (К2), according the Department's methods, reflects the profitability of APF assets calculated by accruing totals. Real income coefficient (К3) - the department's estimation of assets yield including index of consumer prices in Kazakhstan which equaled according to the National Bank's data to 107.2 (107.0; 106.9) within the period. Devaluation of the national currency that is estimated in this period by the stock exchange's weighted average rate of KZT to USD at negative 0.24% (estimation of IRBIS, tenge has strengthened relative to dollar), does not take into account К3. De-facto, investors' assets are protected from devaluation during management by making investing into securities indexed by changing the exchange's rate of KZT to USD, currency securities and into banks' dollar deposits as well. Note: agency IRBIS is not responsible for the accuracy of the data given to the agency as well as for calculation methods correctness of the mentioned above coefficients. [2003-04-16]