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

/IRBIS, June 19, 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 May of 2002 - May 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 June 1 of 2002 and June 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 June 1, 03 June 1, 02 ------------------------------------ ----------- ------------ ---------- ---------- State accumulative pension fund (SAPF) CJSC ----------------------------------------------------------------------------------- SAPF 5.40(-0.25) 11.83(-1.22) 539.586 429.154 ------------------------------------ ----------- ------------ ---------- ---------- Pension assets management company ABN AMRO Asset Management CJSC ----------------------------------------------------------------------------------- КNPF Phillip Morris Kazakhstan CJSC 3.29(+0.45) 9.59(-0.45) 4.896 3.279 ABN AMRO-KaspiyMunaiGas APF" CJSC 3.49(-0.38) 9.80(-0.52) 144.457 96.833 APF KAPITAL CJSC 0.31(+1.18) 6.43(+0.36) 9.170 0.823 ONAPF NefteGas-Dem CJSC 1.96(+0.17) 8.18(-0.74) 50.011 32.203 ----------------------------------------------------------------------------------- Pension assets management company ZHETYSU CJSC ----------------------------------------------------------------------------------- APF YlarYmit CJSC 3.37(+0.31) 9.68(-0.60) 336.856 241.552 APF Kazakhmys CJSC 2.36(+0.23) 8.60(-0.68) 62.526 48.989 ------------------------------------ ----------- ------------ ---------- ---------- Company of Halyk Bank of Kazakhstan on pension assets management CJSC ----------------------------------------------------------------------------------- APF of Halyk Bank of Kazakhstan CJSC 3.82(+0.65) 10.15(-0.24) 473.454 305.714 ------------------------------------ ----------- ------------ ---------- ---------- Pension assets management company Ak niyet CJSC ----------------------------------------------------------------------------------- APF Korgau CJSC 0.88(+0.41) 7.03(-0.47) 30.578 18.926 PAPF named by Kunayev D.A. CJSC 1.79(+0.35) 8.00(-0.55) 6.224 4.009 ------------------------------------ ----------- ------------ ---------- ---------- Pension assets management company BTA Asset Management CJSC ----------------------------------------------------------------------------------- NAPF Kazakhstan CJSC 2.60(-0.05) 8.86(-0.97) 56.329 37.219 NOAPF Kurmet CJSC 2.58(+0.14) 8.83(-0.78) 85.979 53.836 ONPF OTAN CJSC 2.34(+0.60) 8.58(-0.28) 27.348 5.773 ----------------------------------------------------------------------------------- Private pension assets management company Activ - Invest CJSC ------------------------------------ ----------- ------------ ---------- ---------- NNP Valut-Transit Fund CJSC 2.93(+0.54) 9.21(-0.34) 67.436 33.444 ----------------------------------------------------------------------------------- Pension assets management company BESTINVEST CJSC ----------------------------------------------------------------------------------- APF SENIM CJSC 5.24(+0.14) 11.65(-0.80) 94.136 68.644 ------------------------------------ ----------- ------------ ---------- ---------- Pension assets management company NUR-TRUST CJSC ----------------------------------------------------------------------------------- APF Narodniy pensionniy fond CJSC 3.88(+0.34) 10.22(+0.57) 39.969 25.154 ----------------------------------------------------------------------------------- Weighted average coefficient of real income on pension assets of accumulative pension funds mentioned above for May of 2002 - May of 2003 equaled, according to the Department's data, to 3.47% (2.97% and 2.90% for two previous periods in the reverse chronological order correspondingly). According to the Department's data, while calculating this indicator coefficients of SAPF are not taken into account. 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 106.1 (107.0; 107.2) for 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 1.81% (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. [2003-06-19]