Working days, from 09:00 to 18:30

Analytical accounts of the Depository Organizations

The Data: Coverage, Periodicity, and Timeliness

Coverage characteristics

The given data includes the analytical accounts of the Depository Organizations, in millions of Tenge. Data cover the consolidated balance sheet of the commercial banks operating in Kazakhstan, balance sheet of the NBK, including the National Fund’s assets managed by NBK. For the period from December 2003 till December, 2005 accounts of credit companies were included. Since January 2006 accounts of credit organizations are excluded from analytical accounts of deposit organizations and from monetary aggregates due to the amendments to the legislation of Republic of Kazakhstan on licensing and consolidated supervision according to which powers of the state body responsible for regulation and supervision of financial market and financial organizations are not extended on credit organizations. The accounts of the banks, which are being in the process of liquidation, are not covered by the Depository Organizations analytical accounts.

The following data are provided:

(1) Monetary aggregates (the position at the end of the month) are (a) currency in circulation M0, (b) narrow money M1, (c) broad money M2, and (d) money supply M3. M0 is defined as currency outside Depository Organizations (notes and coins in the national currency in circulation minus cash holdings in NBK, commercial banks and credit companies); M1 is defined as M0 plus transferable deposits of nonbank legal entities and households in national currency; broad money M2 equals M1 plus other deposits in national currency and transferable deposits in foreign currency of nonbank legal entities and households. Money supply M3 includes M2 plus other (nontransferable) deposits in foreign currency of nonbank legal entities and households. Deposits of local governments have been included in the monetary aggregates since December 2001.

(2) Net claims to the Central government (until December 2001 data included General Government data only).

(3) Domestic credit to the rest of the economy, including claims on financial sector (other than banks and credit companies), private and public nonfinancial enterprises, region and local government (since December 2001), noncommercial organizations serving households and population.

(4) Net foreign assets of the Depository Organizations with details on assets and liabilities. A foreign position differs from domestic positions on the basis of residency.

(5) Other net domestic assets  - with breakdown by other financial assets, nonfinancial assets, other liabilities and capital accounts.

The National Bank financial assets measured at fair value, except for investments held to maturity and loans and receivables not held for trading and financial assets that do not have quoted market prices in an active market whose fair value cannot be determined with sufficient reliability.

The valuation of financial instruments of the external market is made daily according to the quotations established at the time of closing of trades in the financial market for the previous working day on the basis of information from the sources used in the priority order specified in the regulatory legal act of the National Bank regulating implementation of monetary activity in National Bank. To account for foreign currency, the weighted average exchange rate of tenge to foreign currencies is applied, which was formed as of 15-30 Astana time following the results of two sessions of the Kazakhstan stock exchange, morning (main) and day (additional).

The valuation of foreign currencies, which are not traded on the Kazakhstan stock exchange, is calculated based on the cross-rates prevailing as of 16-00 Astana time on the valuation day, in accordance with the quotes received through the channels of news agency REUTERS and Bloomberg .

Revaluation is carried out at each change in the weighted average exchange rate of tenge to foreign currencies and on the last day of the month.




To the 25th day following the reporting month

Access by the Public

Advance dissemination of release calendar

NBK disseminates calendar of statistic data issue in advance at the National Bank’s web-site in Internet.

Simultaneous release to all interested parties

Monetary statistics is available at the NBK's web-site in Internet for all interested parties and published in the “Statistical Bulletin”.


Provision f terms and conditions under which official statistics are produced, including  confidentiality of individual respondents

Work on the compilation of monetary statistics is carried out in accordance with Articles 7 and 8 of the Law of the Republic of Kazakhstan "On the National Bank" and Article 54 of the Law of the Republic of Kazakhstan "On banks and banking activities in the Republic of Kazakhstan", which provides that "banks are obliged to provide at the request of the authorized body any information about their funds, including those outside the Republic of Kazakhstan, the amount of deposits and loans granted, made and produced banking operations and other information, including information on the, components of Bank secrecy".

According to Article 8 of the Law of the Republic of Kazakhstan "On the National Bank", one of the functions of the National Bank is the formation and dissemination of statistical information on the review of the financial market, monetary and banking statistics. Confidentiality of information on respondents is established by Article 54 of the Law "On banks and banking activities in the Republic of Kazakhstan": "Employees of the authorized body for disclosure or transfer to third parties of information obtained in the course of the rights established by paragraphs 2 and 3 of this article shall be liable in accordance with the laws of the Republic of Kazakhstan".

In addition, article 501 of the Code of the Republic of Kazakhstan "On administrative offences" provides for "penalties for "illegal disclosure of primary statistical data, statistical information and (or) databases that identify the Respondent, an official of the state statistics, the subordinated organization of the authorized body in the field of state statistics, except in cases provided for in article 8 of the Law of the Republic of Kazakhstan "On state statistics», if these actions do not contain signs of a criminal act."

Identification of internal government access to data before release

Users outside the NBK do not have access to the statistical data prior their official publication

Identification of ministerial commentary on the occasion of statistical releases

No comments by state bodies are applied.

Provision of information about data revision and advance notice of major changes in methodology

The banks do not provide revised historical data in case of reclassification of the accounts determined in the current period.

The monetary statistics published by the National Bank are final, except for data on external assets, which are updated and published at the end of the reporting month, as well as data at the end of December, based on preliminary data. Major changes to the methodology are provided well in advance of the changes.


Dissemination of documentation on methodology and sources used in preparing of statistics

Short description on Monetary Survey methodology is published in the Statistical Bulletin, which is available both in Russian and Kazakh and disseminated at the NBK 's web-site in Internet

Dissemination of methodological and sources,  supporting statistical cross-checks and assurance of reasonableness

 Monetary statistics data are posted at the NBK's web-site and published in the monthly Statistical Bulletin in the following way: the annual data is showed for the last five years; and the monthly data – for the current year.

The data breakdown is following:

  1. disaggregated data on the balance sheets of the National Bank and commercial banks
  2. customers’ deposits;
  3. loans to the customers;
  4. interest rates on deposits and loans

Dissemination formats:

Information published twice a month: the monetary review of the banking system is initially published on the basis of preliminary data and at the end of the reporting period - on updated data (on external assets), in the state, Russian and English languages.

Monthly: Statistical Bulletin of NBK in Kazakh, Russian and English.


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