2.1 The economic characteristic and an estimation of a financial condition of joint-stock company “National Bank rk”

Joint-stock company «National bank of Kazakhstan» - the largest universal commercial bank of Republic of Kazakhstan, successfully working for the blessing of the clients already 87 years, one of the most reliable and divorced financial structures of Kazakhstan.

Halyk Bank of Kazakhstan - the owner of the largest network of the Branches located in all territory of Republic Kazakhstan. Branches and structural divisions of Bank are practically in all significant settlements. More four years ago the Bank creates own settlement system covering all operational divisions and providing calculations of clients both inside of bank, and in the interbank market.

Table 2 - Parameters of Halyk Bank for 2010-2011

Parameters	2010	2011
Assets	558 455	1 567 239
liabilities	1561230	147632
Investor capital	60 275	141 290
Net income	7 015 241	14 431 264
Increasing of capital	29,04%	57,04%
Increasing liabilities	29,09%	56,52%
Increasing of investor capital	28,49%	62,81%
Increasing of charter capital	2,19%	59,32%
Return to average assets of ROA (>1,5%)	2,95%	2,57%
Return to investor capital	29,00%	25,68%
Note – based on data of the Committee for control and supervision of financial market and financial organizations of the National Bank of the Republic of Kazakhstan

Parameters of adequacy of own capital of bank sector as of December, 1st, 2010 have made К1-0,11 (at the specification-0,06) (for bank which participant is the bank holding, the specification-0,05), К2-0,14 9при the specification-0,12) (for bank which participant is the bank holding, the specification-0,10).

Table 3 - Execution of specifications of sufficiency of the capital

Note – based on data of the Committee for control and supervision of financial market and financial organizations of the National Bank of the Republic of Kazakhstan

The name of parameters	2009	2010	Increased in %
The capital of 1-st level	816,5	1273,5	56,0
Charter capital	593,6	930,3	56,7
The unallotted net profit	131,6	203,8	54,9
The capital of 2-nd level	385,4	545,7	41,6
The unallotted net profit	101,3	207,4	104,7
Subsidies debt	368,0	448,9	22,0
The capital of 3-rd level	1,5	1,6	60,7
In total settlement of own capital	1168,6	1760,3	50,6
Note – based on the data of JSC Halyk Bank

By the received results it is possible to draw a conclusion, that from the beginning of 2009 own capital on balance of banks of the second level has increased about 870,4 billion tenge for 530,2 billion tenge (60,9 %) and has made for accounting date 1 400,6 billion tg

The analysis of cumulative actives of National Bank from the beginning of 2009 has shown, that their size has increased for 2 672,5 billion tenge (30,1 %) and has made for accounting date 11 544,5 billion tg.

By results of 2009-2011 of joint-stock company «National Bank of Kazakhstan «has raised the capital in 2 times. It means that the correct monetary policy in comparison 2009 has been lead. On the one hand on the world economic crisis has affected.

The national Bank of Kazakhstan is in the lead regional financial group, and also in the lead retail bank with the greatest number of clients and the largest filial network. The national Bank represents universal financial group, which offers a wide spectrum of services (bank services, pension accumulation, insurance, leasing, broker-dealer services, services on management of actives) to the population, representatives of small and average business (SAB), to corporate clients. The rating of Bank by estimations of rating agencies makes: Moody’s Investor Service (Ba1), Fitch Ratings (BB +) and Standard & Poor.

F igure 1 - The general capital of Halyk Bank 2009-2011 (billions tenge)

Note – based on data of the Committee for control and supervision of financial market and financial organizations of the National Bank of the Republic of Kazakhstan

The net profit has grown on 49 % about 27,2 billion tenge in 2010 up to 40,5 billion tenge in 2010. The profit up to the taxation has grown on 44 % about 35,6 billion tenge up to 51,2 billion tenge. The pure percentage income before deductions in reserves on depreciation has grown on 53 % about 46,5 billion tenge up to 71,0 billion tenge. Pure percentage of marge has decreased, but it was kept at a stable level of 6.7 % in 2010. Net profits on services and the commissions have grown on 14 % about 21,1 billion tenge up to 24,2 billion tenge. Other not percentage incomes have grown in 3,2 times about 5,3 billion tenge up to 17,1 billion tenge

The income of operational activity has grown on 37 % about 64,5 billion tenge up to 88,0 billion tenge (the income of operational activity includes the pure percentage income, net profits on services and the commissions, other not percentage incomes, minus the suffered insurance payments).

The parity of charges to incomes has improved from 38.6 % up to 34.3 %.

Actives have grown on 61 % about 991,4 billion tenge on the end of 2009 up to 1595,1 billion tenge on the end of 2010.

Loans to clients minus the sum of reserves under depreciation have grown on 74 % about 596,2 billion tenge up to 1040,3 billion tenge.

Means of clients have grown on 56 % about 597,9 billion tenge up to 935,4 billion tenge. Contributions of physical persons have grown on 70 % about 209,9 billion tenge up to 357,7 billion tenge in 2010. The parity of loans to clients to means of clients has made 1.11 on the end 2010

The let out debt papers have grown on 67 % about 134,4 billion tenge up to 224,9 billion tenge.

The capital of Bank has grown on 33 % about 60,2 million tenge up to 141,0 million tenge. Capitalization of Bank remained at a high level: with factor of sufficiency of the capital of 12.9 % and the capital of the first level of 10.6 % on the end 2007 (Basel).

Return on average actives (ROAA) has made 2,57 % annual, return on average own capital on (ROAE) has made 25,68 % annual.

The profit up to the taxation has grown on 15,6 billion tenge (44 %) in 2010 basically due to increase in the percentage income at 51,9 billion tenge (64 %), growth of net profits on services and the commissions on 3,0 billion tenge (14 %), growth of other not percentage incomes on 11,8 billion tenge (223 %). In turn, percentage charges have increased for 27,3 billion tenge (80 %), reserves under depreciation have grown on 13,9 billion tenge (166 %), and also not percentage charges have decreased on tenge 10.0 billion tenge (35 %).

The percentage income has grown on tenge51,9 billion tenge (64 %) up to 132,6 billion tenge in 2010 about 80.6 billion tenge in 2009, basically due to growth of the percentage income under loans. Growth of the percentage income under loans to clients has been caused basically by growth of the average rests under loans on 74 %.

If to estimate a financial condition of National Bank that it it is not cloudless. The balance between incomes and charges of book keeping makes less than 0,1 factor. It means that a financial condition of bank top-level and while early speaks about liquidation or reorganization. But nevertheless we shall try to assess a financial condition and a monetary stream.

The financial condition is understood as ability of bank to finance the activity. A financial condition - complex concept. It is characterized by security the financial resources necessary for normal functioning of bank, expediency of their accommodation and efficiency of use, financial mutual relations with other legal and physical persons, solvency and financial stability

Incomes and charges are considered with use of principles of charge, care and conformity. Incomes and charges are reflected in book keeping in that accounting period in which incomes will be earned, and charges are actually suffered

The analysis of profitableness for the considered period has shown, that in 2010 is received incomes of all kinds of compensations and interests in the sum 920553 thousand tenge that will exceed the sum stipulated in the budget on 423406 thousand tenge and without taking into account redistributed incomes is planned to receive 670923 thousand tenge, including:

1. Percentage incomes. As a result of growth of volumes of crediting and increase in a loan portfolio in current to year it is received percentage incomes over the planned level on 621 thousand tenge or 40,3 %.

2. Not percentage incomes. Incomes of payment of the services given by branch to its clients are certain in the sum 86168 thousand tenge, use of the budget under given clause will make 92,7 %. The analysis of charges of bank reflects reduction of an economic gain during the accounting period in financial outflow or uses of actives, or occurrence of debts which conduct to reduction of the capital, distinct from what represent distribution between owners of shares of own capital. Charges by all kinds of charges make 577495 thousand tenge, including: 1. Percentage charges. Expenses of branch for payment of percent under deposits of physical persons under contributions of tenge and in currency will make 192096 thousand tenge that exceeds the planned charges on 24934 thousand tenge, to the established level of the budget, as a result of increase in volume intermediate term and long-term депозитов.2. Not percentage charges. Losses on sale and purchase of cash and non-cash currency in 2010г. Will make 361308 thousand tenge proceeding from actual sales volumes and the forecast of change of exchange rate. The percentage income (charge) - the income (charge) connected with granting of money resources (attraction of resources), under credits, deposits, etc. for which the Bank receives % .Unprocented the income (charge) - the income (charge) which has been not connected with granting of money resources (attraction of resources) and received in the form of commission incomes and charges for sold and received services, or proceeds from realization of material and non-material actives, SBE, etc. Charge of percent on the involved resources and the given means are made by banks in the end of month (the percentage income, the charge) .Sum not percentage incomes and charges for services which payment will occur next year, is made in the end of current year.