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

/IRBIS, November 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 October 2002 - October 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 November 1 of 2002 and November 1 of 2003. Assets have been converted into US dollars at the weighted average stock exchange's rate, which was in effect on the mentioned dates. In parentheses the difference with comparable indicator of one month prescription is given. ----------------------------------------------------------------------------- Net assets, m USD Coefficient Coefficient -------------------- Name of of real of nominal As of As of PAMC or APF income k3 income k2 Nov 1, 03 Nov 1, 02 --------------------------- ------------ ------------ --------- --------- Pension assets management company ABN AMRO Asset Management CJSC ----------------------------------------------------------------------------- КNPF Phillip Morris 1.15(-1.10) 7.93(-0.35) 5.496 3.983 Kazakhstan CJSC APF KAPITAL CJSC 0.30(+0.31) 7.02(+1.13) 13.878 2.669 ABN AMRO- 1.66(-1.02) 8.47(-0.27) 167.983 113.784 KaspiyMunaiGas APF CJSC ONAPF NefteGas-Dem CJSC 0.21(-0.79) 6.92(-0.04) 59.005 38.045 ----------------------------------------------------------------------------- Pension assets management company ZHETYSU CJSC ----------------------------------------------------------------------------- APF YlarYmit CJSC 0.66(-0.98) 7.40(-0.23) 400.910 276.911 ----------------------------------------------------------------------------- Pension assets management company Ak niyet CJSC ----------------------------------------------------------------------------- PAPF of open type named Kunayev D.A. CJSC -1.05(-1.00) 5.58(-0.27) 6.785 4.847 ----------------------------------------------------------------------------- Pension assets management company BTA Asset Management CJSC ----------------------------------------------------------------------------- NAPF Kazakhstan CJSC 0.49(-1.05) 7.22(-0.31) 67.169 43.744 NOAPF Kurmet CJSC 0.76(-0.85) 7.51(-0.10) 100.293 65.675 ONPF OTAN CJSC 0.81(-0.81) 7.56(-0.06) 36.025 12.552 ----------------------------------------------------------------------------- Private pension assets management company Activ - Invest CJSC ----------------------------------------------------------------------------- APF Valut-Tranzit Fund CJSC 0.43(-1.29) 7.15(-0.58) 85.922 44.389 ----------------------------------------------------------------------------- Pension assets management company BESTINVEST CJSC ----------------------------------------------------------------------------- APF SENIM CJSC 1.74(-1.13) 8.56(-0.38) 105.663 77.568 APF Korgau CJSC -1.01(-0.47) 5.62(+0.29) 36.062 22.843 APF Kazakhmys CJSC -2.84(-1.02) 3.67(-0.31) 67.750 54.484 ----------------------------------------------------------------------------- Pension assets management company NUR-TRUST CJSC ----------------------------------------------------------------------------- APF Narodniy 1.66(-0.86) 8.47(-0.10) 47.861 29.647 pensionniy fond CJSC ----------------------------------------------------------------------------- APF, which independently carry out Investment management of assets ----------------------------------------------------------------------------- APF of Halyk Bank of 2.65(-0.37) 9.52(+0.42) 564.507 360.571 Kazkahstan CJSC SAPF CJSC 3.92(-0.71) 10.89(+0.08) 593.706 463.848 ----------------------------------------------------------------------------- Weighted average coefficient of real income on pension assets of accumulative pension funds mentioned above for October of 2002 - October of 2003 equaled, according to the Department's data, to 1.25% (2.04% and 2.39% 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 106.7 (105.9; 105.6) 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 4.31% (estimation of IRBIS, tenge has strengthened relative to dollar), does not take into account К3. 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. [2003-11-19]