National Bank reports on situation in Kazakhstan financial market

The National Bank of Kazakhstan has published the report on the situation in the financial market of the country as of May 2015.

According to it, the volume of stock transactions on Kazakhstan Stock Exchange in May, taking into account deals at additional trades, totaled $ 3.9 billion, on OTC market - $ 0.4 billion. In total, the volume of transactions in the RK foreign exchange market, according to preliminary data, amounted to $ 4.3 billion.

As of the end of May 2015, gross international reserves of the financial regulator remained unchanged and amounted to $ 28.0 billion. However, international reserves of the country have undergone changes, including the National Fund assets in foreign currency ($ 69.0 billion) that stopped at around $ 97.8 billion mark. At the end of April, the figures were $ 69.9 billion and $ 98.7 billion respectively.

According to deputy director of the NB Department of monetary operations and asset management Alia Moldabekova, reduction in these indicators is related to allocation of funds under the Nurly Jol program: "In May 2015 the situation in the domestic foreign exchange market was characterized by balance of supply and demand. Under these conditions, gross gold and currency reserves have not changed practically. As of the end of May, the NBK international reserves amounted to 28.734 billion US dollars, while at the end of April they made $28.737 billion. The assets of the National Fund of Kazakhstan at the end of May amounted to 69.024 billion US dollars, decreasing over the month by 1.3% , due to the allocation of funds under the Nurly Jol program. In general, international reserves as of end-May made 97.758 billion US dollars, decreasing by 0.9% for the month. "

During May 2015, the monetary base expanded by 6.6% to make 3 644.8 billion tenge. From the year-start, this expansion made 6.8%. Narrow monetary base, excluding STB time deposits in the National Bank, increased by 7.6% - up to 3 490, 2bn tenge.

In April 2015 the money supply amounted to 12 266.8 billion tenge, cash in circulation - 1 018.4 billion tenge, deposits in the banking system - 11 248 3bn tenge.

The share of deposits in the money supply increased from 91.2% in December 2014 to 91.7% in April 2015 in the result of outstripping rate of the reduction of cash in circulation against the decline rate in deposits recorded in January-April 2015. The money multiplier at the end of April 2015 amounted to 3.59.

As of the end of May 2015 the total volume of placed interbank deposits amounted to 3 001 6bn tenge.

The volume of placed interbank tenge deposits increased by 11.8% and amounted to 103.1 billion tenge, which is 3.4% of total deposits. The weighted average interest rate on interbank deposits in tenge is 8.6% as of May 2015. At the same time, the volume of deposits in US dollars, compared to April 2015 amounted to $ 15.1 billion. The weighted average interest rate on US dollar deposits made 0.11%.

Source: kazpravda.kz