As reported by the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations (FSA), total assets of mortgage companies as of April 1, 2008 amounted to KZT 213.8 bn. Kazinform reports that this figure decreased by KZT 2.3 bn year-to-date, which is 1.1% in terms of percentage points.
Total liabilities decreased by KZT 6.0 bn (3.5%) as compared to the January 1, 2008, and amounted to KZT 165.5 bn. Owned capital of mortgage companies is KZT 48.3 bn, with 8.4% increase year-to-date.
As of the reporting date, total loan portfolio of mortgage companies was as much as KZT 175.9 bn, which is by 2.5% less if compared to January 1, 2008. As of April 1, 2008, standard loans accounted for 92.2% of total loan portfolio of mortgage companies, doubtful loans – 7.1%, non-performing loans – 0.7%.
As of April 1, 2008, there are 12 mortgage companies acting on the financial market of
Source: www.kn.kz