PRESS RELEASE №126
concerning the activities of the Working group on control the use
of financial resources of the National Fund of the Republic of Kazakhstan
which were allocated for fulfillment of the Plan for joint actions
of the Government, the National Bank and the Agency of regulation and supervision of financial market and financial organizations,
in stabilization of economics and financial system
for 2009-2010 years.
On February 26, 2009, the Working group on control the use of financial resources of the National Fund of the Republic of Kazakhstan, which were allocated for fulfillment of the Plan for joint actions of the Government, the National Bank and the Agency of regulation and supervision of financial market and financial organizations, in stabilization of economics and financial system for 2009-2010 years (hereinafter referred to as the “Working Group”) held its Regular Meeting in Ak-Orda, the Residence of the President of the Republic of Kazakhstan.
In the meeting of the Working Group participated Majilis deputy G.D.Karagusova, the Chair of the Nur Otan commission to control spending assets within anti-crisis program, K.M.Aitekenov, the Managing Director, Member of the Board of Sovereign Wealth Fund “Samruk-Kazyna”, JSC
and A.S.Mamytbekov, the Head of KazAgro National Holding Company. The Working Group considered issues of allocation of money from the National Fund of the Republic of Kazakhstan in the framework of the Plan for joint actions in stabilization of economics and financial system. At present, the funds provided by the Plan have been transferred to tier two banks.
In particular, according to information of Sovereign Wealth Fund “Samruk-Kazyna”, JSC:
as of February 27, 2009 it was transferred KZT1087,5 bln. from the National fund of the Republic of Kazakhstan to the special account of Sovereign Wealth Fund “Samruk-Kazyna”, JSC, for further distribution as follows:
KZT bln.
I / Stabilization of the financial sector1. / BTA bank, JSC / 212
2. / Halyk Bank, JSC " / 60
3. / Kazkommertsbank, JSC / 36
4. / Alliance Bank, JSC / 24
Total: / 332
Housing development sector
II
1. / BTA bank, JSC / 40
2. / Halyk Bank, JSC / 24
3. / Kazkommertsbank, JSC / 24
4. / Alliance Bank, JSC / 14
5. / Centercredit Bank, JSC / 3
6. / Eurasian Bank, JSC / 3
7. / Kaspi Bank, JSC / 3
8. / Temir Bank, JSC / 3
9. / Tsesna Bank, JSC / 3
10. / ATF Bank, JSC / 3
Total: / 120
III / Support for small and medium sized business
1. / BTA bank, JSC / 22
2. / Halyk Bank, JSC / 11,7
3. / Kazkommertsbank, JSC / 16
4. / Alliance Bank, JSC / 18
5. / Centercredit Bank, JSC / 10
6. / Eurasian Bank, JSC / 3
7. / Kaspi Bank, JSC / 6
8. / ATF Bank, JSC / 10
9. / Tsesna Bank, JSC / 3,3
10. / Nurbank, JSC / 8
11. / Sberbank of Russia Subsidiary, JSC / 6
12. / Astana-finance Bank, JSC / 3
13. / DAMU Fund / 3
Total: / 120
Besides, in the framework of signed additional agreements, Sovereign Wealth Fund “Samruk-Kazyna”, JSC, allocated KZT144 bln. to tier two banks (Halyk Bank of Kazakhstan, JSC and KazCommerceBank, JSC) for financing real sector of economics. According to information of KazAgro National Holding, it was financed KZT120 bln. for support of agricultural sector, of which amount KZT592 mln. were allocated for Food Contract Corporation, JSC (as of 27.02.09).
Along with, Sovereign Wealth Fund “Samruk-Kazyna”, JSC and KazAgro National Holding, JSC informed that in order to ensure effective use of funds, distributed from the National Fund of the RoK, they have worked out relevant criteria. Such criteria were, previously, agreed with the Ministry of Finance of the RoK.
Ministry of Finance of the RoK informed the Working group about their work aimed at formation of specialized committees of the Board of directors of national managerial holdings, whose functions include internal control over effect and target use of the funds.
According to the results of the meeting of the Working group, it was decided to invite managers of tier two banks for participation in the next meeting group to report on use of monetary means from National Fund of the Republic of Kazakhstan.
Reference.
On 19th of January 2009, in accordance with Decree of the Head of the State, it was formed a Working group for control of application of monetary means of the National Fund of the Republic of Kazakhstan, which were allocated for implementation of the Plan for joint actions
of the Government, the National Bank and the Agency of regulation and supervision of financial market and financial organizations, in stabilization of economics and financial system
for 2009-2010 years.
The Working group is comprised of the officials of the Prosecutor General's Office of the Republic of Kazakhstan, the National Security Committee of Kazakhstan, the Agency on fight against economic and corruption crimes (Finance Police), the State Committee for Financial Monitoring of the Ministry of finance of the RoK, Assistant to the President of the RoK. The Working group is directed by Y.E.Bakhmutova, the Chairperson of the Agency of regulation and supervision of financial market and financial organizations.
The activity of the Working group is aimed at monitoring and control of target and effective use of monetary means of the National Fund of the Republic of Kazakhstan in compliance with the Plan for joint actions.