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

/IRBIS, December 23, 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 November 2002 - November 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 December 1 of 2002 and December 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 Kazakhstan CJSC 0.35(-0.80) 7.68(-0.25) 5.520 4.093 APF KAPITAL CJSC -0.37(-0.67) 6.90(-0.12) 14.781 3.184 ABN AMRO-KaspiyMunaiGas APF CJSC 0.72(-0.94) 8.07(-0.40) 173.775 117.373 -------------------------------------------------------------------------------- Pension assets management company ZHETYSU CJSC -------------------------------------------------------------------------------- APF YlarYmit CJSC -0.35(-1.01) 6.93(-0.47) 413.682 283.510 -------------------------------------------------------------------------------- Pension assets management company Ak niyet CJSC -------------------------------------------------------------------------------- PAPF of open type named Kunayev D.A. CJSC -1.84(-0.79) 5.32(-0.26) 6.928 4.981 ------------------------------- ------------ ----------- --------- --------- Pension assets management company BTA Asset Management CJSC -------------------------------------------------------------------------------- NAPF Kazakhstan CJSC -0.82(-1.31) 6.42(-0.80) 69.571 45.388 NOAPF Kurmet CJSC -0.64(-1.40) 6.61(-0.90) 102.980 68.338 ONPF OTAN CJSC 0.02(-0.79) 7.32(-0.24) 37.564 14.206 -------------------------------------------------------------------------------- Private pension assets management company Activ - Invest CJSC ------------------------------- ------------ ----------- --------- --------- APF Valut-Tranzit Fund CJSC -0,42(-0,85) 6,85(-0,30) 89,400 47,297 -------------------------------------------------------------------------------- Pension assets management company BESTINVEST CJSC -------------------------------------------------------------------------------- APF SENIM CJSC 0.79(-0.95) 8.15(-0.41) 108.287 79.293 APF Korgau CJSC -0.85(+0.16) 6.39(+0.77) 37.018 23.640 APF Kazakhmys CJSC -3.64(-0.80) 3.39(-0.28) 69.104 55.460 ONAPF NefteGas-Dem CJSC -0.47(-0.68) 6.80(-0.12) 60.871 39.323 -------------------------------------------------------------------------------- Pension assets management company NUR-TRUST CJSC -------------------------------------------------------------------------------- APF Narodniy pensionniy fond CJSC 0.92(-0.74) 8.29(-0.18) 50.164 30.863 ------------------------------- ------------ ----------- --------- --------- APF, which independently carry out Investment management of assets -------------------------------------------------------------------------------- APF of Halyk Bank of Kazkahstan CJSC 1.41(-1.24) 8.81(-0.71) 581.926 374.784 SAPF CJSC 2.39(-1.53) 9.86(-1.03) 605.662 473.469 -------------------------------------------------------------------------------- Weighted average coefficient of real income on pension assets of accumulative pension funds mentioned above for November of 2002 - November of 2003 equaled, according to the Department's data, to 0.21% (1.25% and 2.04% 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 107.3 (106.7; 105.9) 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 5.31% (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. [2003-12-23]