Banks

Banks Banking sector statutory accounts as of May 1st Published in May 25th 2009 issue of Weekly Update In April, total assets of the Kazakhstani banking sector decreased by 2.4% and loan portfolio reduced slightly by 1.1% (+15.7% and 5.8% YtD change due to February Tenge devaluation). Total liabilities declined by 2.6%, which is similar to total assets’ decrease, while deposits shrank by 4.7% MoM. The highest growth took place in debt securities issued account – 15.6% MoM and 255.2% YtD. The main reason of such jump is bonds issue by BTA and Alliance Bank in March. Table 1. Kazakhstan banking sector aggregated data, KZT mn, end of period End 08 Total Assets Liquid assets share, % Loans to customers (net) Total Liabilities Due to banks and other organizations providing separate banking services Deposits (due to customers), including: SPV deposits Debt securities issued Subordinated debt Source: AFN 11 899 316 1 788 907 15.0% 7 926 716 10 440 964 1 437 428 6 884 219 2 284 464 365 598 562 641 Mar 09 14 100 939 3 300 800 23.4% 8 481 517 12 713 941 1 641 950 8 095 485 2 696 709 1 123 638 608 189 Apr 09 13 762 918 3 150 268 22.9% 8 389 662 12 379 777 1 514 983 7 711 697 2 470 675 1 298 501 606 566 -1.1% -2.6% -7.7% -4.7% -8.4% 15.6% -0.3% 5.8% 18.6% 5.4% 12.0% 8.2% 255.2% 7.8% MoM -2,4% -4.6% YtD 15,7% 76.1% BTA During April BTA’s balance sheet almost did not change. However, starting from the beginning of the year its total assets and liabilities increased by 29.0% and 35.6%, respectively. Significant changes occurred on the liability side of the balance sheet during the month: 1) there was a sharp drop of 58.2% in short-term corporate deposits, which constitutes a more than twofold decrease of the account; 2) long-term loans from other non-banking financial institutions fell by 21.5%; and 3) long-term individual deposits decreased by 12.8%. Over the four-month period we see the following: 1) long-term corporate deposits grew by 79% which is offset by an 78% equivalent fall in the short-term corporate deposits fell; and 2) debt securities issued rose more than thirtyfold from KZT 22 bn to KZT 670 bn due to a pre-agreed swap with SK’s bonds. Table 2. BTA balance sheet, KZT mn, end of period End 08 Total Assets Cash Correspondent accounts Due from NBK Securities for sale Interbank deposits Total liquid assets, % share Loans to customers (net) Short-term loans to customers % share Long-term loans to customers % share Total Liabilities Due to banks and other organizations providing separate banking services Long-term loans from other banks Long-term loans from other fin. inst. % share Deposits (due to customers) SPV deposits % share Short-term corporate deposits Long-term corporate deposits Long-term individual deposits Debt securities issued Subordinated debt Source: AFN 2 915 111 36 068 75 643 0 95 383 27 025 8.0% 2 023 332 403 699 18.5% 1 776 951 81.5% 2 498 185 616 193 395 852 132 589 86% 1 513 801 705 770 47% 343 824 55 064 225 545 21 924 202 741 Mar 09 3 797 457 38 642 87 913 0 752 635 66 383 24.9% 2 059 526 317 175 13.4% 2 049 608 86.6% 3 430 119 618 384 423 511 135 314 90% 1 566 195 798 971 51% 180 619 90 881 177 856 670 351 203 075 Apr 09 3 759 049 40 473 63 033 0 749 243 65 833 24.4% 2 064 581 290 781 12.5% 2 037 727 87.5% 3 387 446 578 741 422 376 106 218 91% 1 490 854 796 826 53% 75 474 98 380 155 101 670 013 202 967 -58.2% 8.3% -12.8% -0.1% -0.1% -78.0% 78.7% -31.2% 2956.1% 0.1% -4.8% -0.3% -1.5% 12.9% -1.2% -6.4% -0.3% -21.5% 35.6% -6.1% 6.7% -19.9% -0.6% 14.7% 0.2% -8.3% 2.0% -28.0% -0.5% -0.8% 685.5% 143.6% MoM -1.0% 4.7% -28.3% YtD 29.0% 12.2% -16.7% KKB KKB’s balance sheet contracted by a modest 4.4% MoM and 13.4% YtD. There were the following major changes in April: 1) due to banks and other financial organizations declined by 34.3%; 2) long-term loans from non-banking financial institutions dropped by 67.6%; and 3) short-term corporate deposits decreased by 14.0%. Starting from January, the highest growth occurred in the long-term corporate deposits – 158.3%, while the biggest drop was recorded in long-term loans from non-banking financial institutions – 76%. Table 3. KKB balance sheet, KZT mn, end of period End 08 Total Assets Cash Precious metals Correspondent accounts Due from NBK Securities for sale Interbank deposits Total liquid assets, % share Loans to customers (net) Short-term loans to customers % share Long-term loans to customers % share Total Liabilities Due to banks and other organizations providing separate banking services Long-term loans from other banks Long-term loans from other fin. inst. % share Deposits (due to customers) SPV deposits % share Short-term corporate deposits Long-term corporate deposits Long-term individual deposits Debt securities issued Subordinated debt Source: AFN 2 335 659 33 966 317 73 330 0 36 993 195 745 14.6% 1 693 273 372 743 18.7% 1 621 017 81.3% 2 139 269 237 303 88 330 138 580 96% 1 588 446 650 795 41% 464 130 78 712 182 409 0 110 428 Mar 09 2 771 125 40 217 836 207 344 110 000 61 509 74 515 17.8% 1 934 579 398 135 17.6% 1 863 020 82.4% 2 562 619 211 817 103 843 102 401 97% 2 024 892 786 188 39% 555 907 199 944 226 571 0 130 996 Apr 09 2 649 378 38 422 820 145 152 50 000 71 595 88 087 14.9% 1 913 154 381 174 17.1% 1 850 369 82.9% 2 441 400 139 165 100 869 33 200 96% 2 001 630 788 141 39% 478 027 203 330 229 905 0 130 739 -0.2% 18.4% -14.0% 1.7% 1.5% 3.0% 158.3% 26.0% -1.1% 0.2% 26.0% 21.1% -4.7% -34.3% -2.9% -67.6% 14.1% -41.4% 14.2% -76.0% -0.7% 14.1% -1.1% -4.3% 13.0% 2.3% MoM -4.4% -4.5% -1.9% -30.0% -54.5% 16.4% 18.2% 93.5% -55.0% YtD 13.4% 13.1% 158.7% 97.9% Halyk The balance sheet of Halyk Bank decreased by a mere 2.1% MoM. A significant 267-fold rise was recorded in the precious metals and correspondent accounts due to a low account amount in March, but there was little aggregate effect on the balance sheet due to their small share in the total assets. On the liability side, we would like to note the following: 1) a 17.0% reduction in total deposits which was caused by a 60.1% drop in SPV deposits; 2) a 15.5% increase in shortterm corporate deposits; and 3) an almost 500% rise in debt securities issued. Table 4. Halyk Bank balance sheet, KZT mn, end of period End 08 Total Assets Cash Precious metals Correspondent accounts Securities for sale Interbank deposits Total liquid assets, % share Loans to customers (net) Short-term loans to customers % share Long-term loans to customers % share Total Liabilities Due to banks and other organizations providing separate banking services Long-term loans from other banks Long-term loans from other fin. inst. % share Deposits (due to customers) SPV deposits % share Short-term corporate deposits Long-term corporate deposits Long-term individual deposits Debt securities issued Subordinated debt Source: AFN 1 620 050 45 317 34 12 063 9 315 145 615 13.1% 1 088 806 245 209 20.8% 932 576 79.2% 1 449 913 55 431 33 850 162 61% 1 154 087 301 975 26% 353 521 22 677 187 043 42 653 43 711 Mar 09 1 928 123 34 436 4 13 249 5 029 440 318 25.6% 1 129 856 257 173 21.0% 967 705 79.0% 1 755 446 66 576 33 919 11 875 69% 1 508 973 377 700 25% 391 449 109 113 208 978 42 894 48 528 Apr 09 1 887 616 47 321 1 069 129 746 1 830 295 834 25.2% 1 104 056 247 472 20.6% 956 299 79.4% 1 713 117 61 210 32 928 11 875 73% 1 252 798 150 640 12% 452 254 106 970 202 367 255 571 48 535 15.5% -2.0% -3.2% 495.8% 0.0% 27.9% 371.7% 8.2% 499.2% 11.0% -17.0% -60.1% 8.6% -50.1% -2.4% -8.1% -2.9% 0.0% 18.2% 10.4% -2.7% 7237.3% -1.2% 2.5% -2.3% -3.8% 1.4% 0.9% MoM -2.1% 37.4% 24594% 879.3% -63.6% -32.8% YtD 16.5% 4.4% 3073.1% 975.6% -80.4% 103.2% Alliance Bank During April, Alliance’s total assets and liabilities decreased by 4.1% and 2.3%, correspondingly. On the asset side, securities for sale dropped by 31.8% and short-term loans to customers fell by 28.2%. On the liability side, the only significant change took place in short-term corporate deposits, which declined by 39.1%. Table 5. Alliance Bank balance sheet, KZT mn, end of period End 08 Total Assets Cash Precious metals Correspondent accounts Securities for sale Interbank deposits Total liquid assets, % share Loans to customers (net) Short-term loans to customers % share Long-term loans to customers % share Total Liabilities Due to banks and other organizations providing separate banking services Long-term loans from other banks Long-term loans from other fin. inst. % share Deposits (due to customers) SPV deposits % share Short-term corporate deposits Long-term corporate deposits Long-term individual deposits Debt securities issued Subordinated debt Source: AFN 1 034 281 12 932 4 9 715 182 285 43 751 24.0% 619 596 80 296 12.4% 568 588 87.6% 876 255 189 169 122 037 66 194 100% 479 838 279 356 58% 44 562 46 555 78 352 21 302 36 997 Mar 09 1 218 749 9 937 6 9 967 350 797 74 424 36.5% 598 552 55 743 8.8% 579 873 91.2% 1 080 765 205 959 132 576 72 872 100% 554 133 337 649 61% 11 150 36 425 62 783 126 356 42 733 Apr 09 1 169 004 8 775 5 14 473 239 095 68 471 28.3% 587 353 40 000 6.7% 555 858 93.3% 1 056 377 202 380 131 350 71 428 100% 542 272 339 948 63% 6 791 34 628 57 578 126 384 42 635 -39.1% -4.9% -8.3% 0.0% -0.2% -84.8% -25.6% -26.5% 493.3% 15.2% -2.1% 0.7% 13.0% 21.7% -2.3% -1.7% -0.9% -2.0% 20.6% 7.0% 7.6% 7.9% -4.1% -2.2% -1.9% -28.2% -5.2% -50.2% MoM -4.1% -11.7% -3.7% 45.2% -31.8% -8.0% YtD 13.0% -32.1% 44.8% 49.0% 31.2% 56.5% ATF Bank ATF Bank’s total assets decreased by 1.2%, while total liabilities shrank by 3.3%. Similar to other banks, ATF’s short-term loans to customers dwindled by 36.3% but long-term loans showed growth of 6.1%. On the liabilities’s side, the bank’s debt securities issued reduced by 23.1%, whereas changes in other accounts were insignificant. Table 6. ATF Bank balance sheet, KZT mn, end of period End 08 Total Assets Cash Precious metals Correspondent accounts Due from NBK Securities for sale Interbank deposits Total liquid assets, % share Loans to customers (net) Short-term loans to customers % share Long-term loans to customers % share Total Liabilities Due to banks and other organizations providing separate banking services Long-term loans from other banks Long-term loans from other fin. inst. % share Deposits (due to customers) SPV deposits % share Short-term corporate deposits Long-term corporate deposits Long-term individual deposits Debt securities issued Subordinated debt Source: AFN 991 431 12 939 0 77 938 10 000 24 304 33 188 16.0% 718 237 132 245 16.8% 656 445 83.2% 915 829 142 236 104 241 38 349 100% 381 510 54 669 14% 88 344 18 348 92 224 146 017 54 327 Mar 09 1 102 557 18 264 53 111 846 0 7 878 43 837 16.5% 799 667 165 042 18.7% 718 690 81.3% 1 030 895 341 739 151 617 59 795 62% 415 961 68 378 16% 116 055 23 159 122 288 170 408 63 409 Apr 09 1 089 639 21 423 51 104 569 0 7 695 23 301 14.4% 791 966 105 073 12.1% 762 841 87.9% 996 605 351 424 159 999 59 724 63% 412 655 68 179 17% 116 721 20 898 127 839 131 043 63 351 0.6% -9.8% 4.5% -23.1% -0.1% 32.1% 13.9% 38.6% -10.3% 16.6% -0.8% -0.3% 8.2% 24.7% -3.3% 2.8% 5.5% -0.1% 8.8% 147.1% 53.5% 55.7% 6.1% 16.2% -1.0% -36.3% 10.3% -20.5% -2.3% -46.8% MoM -1.2% 17.3% -3.3% -6.5% YtD 9.9% 65.6% 40383% 34.2% -100.0% -68.3% -29.8% Bank CenterCredit The balance sheet of BCC was the most stable among this banking peer group in April so we will emphasize more on YtD changes. During the four months of 2009, the bank’s assets side changed as follows: 1) correspondent accounts shrank by 63.6%; 2) securities for sale decreased by 34.6%; 3) interbank deposits grew by 84.4%; and 4) long-term loans to customers increased by 15.0%. On the liability side we note the following: 1) long-term loans from other banks diminished by 65.2%; 2) in contrast, long-term loans from non-banking financial organizations jumped by 137.9%; 3) SPV deposits grew by 18.5%; 4) total deposits increased by 8.1%; and 5) debt securities issued fell by 39.3%. Table 7. BCC balance sheet, KZT mn, end of period End 08 Total Assets Cash Precious metals Correspondent accounts Due from NBK Securities for sale Interbank deposits Total liquid assets, % share Loans to customers (net) Short-term loans to customers % share Long-term loans to customers % share Total Liabilities Due to banks and other organizations providing separate banking services Long-term loans from other banks Long-term loans from other fin. inst. % share Deposits (due to customers) SPV deposits % share Short-term corporate deposits Long-term corporate deposits Long-term individual deposits Debt securities issued Subordinated debt Source: AFN 939 263 20 828 1 59 589 0 7 062 45 751 14.2% 566 664 114 498 19.1% 485 780 80.9% 847 340 89 909 62 501 15 184 86% 563 636 145 981 26% 65 147 35 188 180 320 45 604 56 021 Mar 09 936 618 23 449 2 17 218 4 000 4 648 94 716 15.4% 628 065 124 797 18.4% 554 166 81.6% 847 275 74 911 21 796 35 692 77% 611 059 173 361 28% 76 467 37 985 208 099 27 675 62 507 Apr 09 934 491 22 513 2 21 667 15 000 4 616 84 349 15.9% 621 722 113 637 16.9% 558 540 83.1% 845 215 75 680 21 775 36 123 77% 609 415 172 928 28% 73 824 35 687 212 515 27 694 61 668 -3.5% -6.0% 2.1% 0.1% -1.3% 13.3% 1.4% 17.9% -39.3% 10.1% -0.3% -0.2% 8.1% 18.5% -0.2% 1.0% -0.1% 1.2% -0.3% -15.8% -65.2% 137.9% 0.8% 15.0% -1.0% -8.9% 9.7% -0.8% MoM -0.2% -4.0% -3.8% 25.8% 275.0% -0.7% -10.9% -34.6% 84.4% YtD -0.5% 8.1% 43.9% -63.6% Alibek Zhaxylykov