Coefficients of Kazakhstan pension funds' incomes within December of 2002 - December of 2003 according to National Bank's data

/IRBIS, Assel Omarova, January 20, 04/ - 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 December of 2002 - December 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 January 1 of 2003 and January 1 of 2004. Assets have been converted into US dollars at the weighted average stock exchange's rate effective 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 Jan 1, 04 Jan 1, 03 ----------------------------- ------------ ----------- --------- --------- Pension assets management company ABN AMRO Asset Management CJSC ------------------------------------------------------------------------------ КNPF Phillip Morris Kazakhstan CJSC 0.34(-0.01) 7.16(-0.52) 5.898 4.159 APF KAPITAL JSC -0.26(+0.11) 6.52(-0.38) 16.689 4.002 ABN AMRO-KaspiyMunaiGas APF CJSC 0.56(-0.16) 7.40(-0.67) 183.369 121.313 ----------------------------- ------------ ----------- --------- --------- Pension assets management company ZHETYSU CJSC ------------------------------------------------------------------------------ APF YlarYmit CJSC -0.88(-0.53) 5.86(-1.07) 439.799 297.401 ----------------------------- ------------ ----------- --------- --------- Pension assets management company BTA Asset Management CJSC ------------------------------------------------------------------------------ PAPF Kazakhstan CJSC -1.36(-0.53) 5.35(-1.07) 73.830 47.047 POAPF Kurmet JSC -1.50(-0.86) 5.19(-1.42) 108.771 71.642 OAPF OTAN JSC 0.10(+0.09) 6.91(-0.41) 40.516 16.653 ----------------------------- ------------ ----------- --------- --------- Private pension assets management company Activ - Invest CJSC ------------------------------------------------------------------------------ APF Valut-Tranzit Fund CJSC -0.53(-0.11) 6.23(-0.62) 96.367 50.561 ----------------------------- ------------ ----------- --------- --------- Pension assets management company BESTINVEST CJSC ------------------------------------------------------------------------------ OAPF SENIM CJSC -0.01(-0.80) 6.79(-1.36) 114.049 81.751 APF Korgau JSC -1.05(-0.20) 5.67(-0.72) 38.938 25.115 APF Kazakhmys JSC -3.19(+0.45) 3.40(+0.01) 74.350 56.729 PAPF NefteGas-Dem CJSC -1.16(-0.70) 5.56(-1.24) 64.845 41.218 ----------------------------- ------------ ----------- --------- --------- Pension assets management company NUR-TRUST CJSC ------------------------------------------------------------------------------ APF Narodniy pensionniy fond JSC 0.69(-0.23) 7.54(-0.75) 54.507 32.489 PAPF of open type named after D.A. Kunayev CJSC -2.05(-0.21) 4.61(-0.71) 7.250 5.266 ----------------------------- ------------ ----------- --------- --------- APF, which independently carry out Investment management of assets ------------------------------------------------------------------------------ APF of Halyk Bank of Kazkahstan CJSC 0.54(-0.87) 7.38(-1.43) 620.598 390.102 SAPF CJSC 1.87(-0.52) 8.80(-1.06) 630.160 485.400 ------------------------------------------------------------------------------ Weighted average coefficient of real income on pension assets of accumulative pension funds mentioned above disregarding SAPF for December of 2002 - December of 2003, according to the Department's data, is negative 0.34% (0.21% and 1.25% 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 106.8 (107.3; 106.7) 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 8.03% (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. [2004-01-20]