Conclusion

Growth of savings of the population in banks is one of the most important factors of their improvement, solvency and liquidity strengthening that is guarantee of independence, stability and reliability. Thus need of the complex and system are sewn up savings of the population there are objective, including legislative, administrative and regulating tools.

Since January 1, 2000 in the Republic of Kazakhstan the system of insurance of the deposits of individuals which central body is the Fund of guaranteeing (insurance) of the deposits of individuals (KFGV), created in the form of joint-stock company according to the resolution of board of the RK National bank for protection of interests of investors of banks of the second level started functioning. This system includes the commercial banks corresponding to certain requirements for the following directions:

• inclusion in the Program on transition to the international standards;

• compliance of the size of own capital of bank to the established standards;

• observance of prudential standards within 3 consecutive months until filing of application in Fund. Thus values of coefficients of kl and к2 have to make during the specified period not less than 0,06 and 0,12 respectively;

• existence of the recommendation of National Bank on the matter (the recommendation is the confidential document and goes directly to Fund);

• the annual financial statements of bank for the last year have to be confirmed by one of the international audit organizations which list is established by National bank.

After filing of application the bank, applying for the introduction in KFGV, Fund carries out the analysis of possibility of inclusion to system on the basis of the recommendation of National bank taking into account the documents provided by bank. The decision of board of Fund has to be made in time 1 month from the date of filing of application.

If within 15 calendar days from the date of acceptance by board of Fund of the positive decision on the matter the bank listed to Fund the first obligatory calendar payment at a rate of 0,375% from the sum of term deposits of individuals of tenge, US dollars and euro for the first date, following the last quarter, he becomes the member of system.

In case of not accession to system of guaranteeing deposits today, the bank has the right to submit the repeated application for the accession to it not earlier than in three months. If the bank becomes the participant of system of insurance, on entrance doors of head office and offices of bank the Fund logo takes place.

The money of individuals placed in term deposits in commercial participating banks of system of collective guaranteeing deposits of individuals becomes object of obligatory collective insurance of deposits.

Objects of insurance of deposits aren't:

• deposits to bearer;

• the money transferred in trust management to bank;

• deposits of the persons who are engaged in enterprise activity without formation of legal entity if they are open in connection with the specified activity;

• deposits guarantees according to obligations to this bank or the third parties;

• deposits of workers or the shareholders of this bank having more than 5% of bank shares with a vote;

• other deposits under the contracts, not providing their guaranteeing.

For investors opportunity to insure not only the main sum on the deposit, but also the added remuneration on it is given. It is possible in case remuneration was directed on increase in the main contribution in compliance with conditions on the basis of which the contribution was made. Under other circumstances remuneration on the deposit isn't compensated.

Participating banks fill up the reserve of Fund intended for payment of compensation to investors, by introduction of obyazatelkny calendar contributions according to the Rules approved by National bank. The rate of an obligatory calendar contribution is established individually for each banks-participating depending on his financial condition.

Participating banks don't carry out contributions infinitely. The fund can determine the maximum total size on which achievement their payment stops. Thus calendar contributions are made at the expense of expenses of banks.

Deposits in various banks are guaranteed separately therefore at elimination any of them, the sum of all insured deposits which are placed only in this bank is applied to calculation of the sum of compensation. If the bank, despite the decision passed by court on its compulsory likvidaktion, itself fulfilled the obligation on a contribution and paid the sum due on a contribution, payment of compensation by Fund isn't made.