KASE defined top operators of exchange currency market for April and initial four months of 2008 (by new methodology)
/KASE, May 6, 08/ - Kazakhstan Stock Exchange (KASE) defined a list of
commercial banks - top operators of the exchange currency market in
Kazakhstan for April 2008, applying the new ranking methodology.

Totally 25 commercial banks concluded deals on KASE in March. Below is the
list of 10 most active KASE members of category "B" (headquarters of all the
banks indicated in the table are located in Almaty).

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      Rank:
-----------                                 Activity Calculation base Ka:
  Apr March Company short                  indicator --------------------
2008. 2008. name                                (Ka)      V      N      D
----- ----- ------------------------------ --------- ------ ------ ------
    1     4 Subsidiary Joint stock bank -
            ABN AMRO Bank Kazakhstan JSC        2.70   1.00   1.00   1.00
    2     3 Alliance Bank JSC                   2.50   0.88   0.91   1.00
    3     2 Kazkommertsbank JSC                 2.29   0.85   0.72   1.00
    4     1 Nurbank JSC                         1.94   0.73   0.49   0.95
    5     7 Halyk Savings Bank of
            Kazakhstan JSC                      1.51   0.46   0.36   0.91
    6    12 BANK CASPIAN JSC                    1.46   0.55   0.16   0.95
    7     6 BTA Bank JSC                        1.39   0.24   0.39   1.00
    8    10 Subsidiary bank HSBC Bank
            Kazakhstan JSC                      1.37   0.16   0.45   1.00
    9     5 Citybank Kazakhstan JSC             1.35   0.21   0.38   1.00
   10    11 ATFBank JSC                         1.10   0.07   0.34   0.91
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* USD market maker on KASE

BANK CASPIAN JSC and ATFBank JSC have become the newcomers of the
"active ten" compared to March 2008. They replaced Eurasian Bank JSC (eighth
rank in March) and Kazinvestbank JSC (ninth rank in March).

Below is the table of the most active KASE members of category "B" in the sector
for the initial four months of 2008. Totally 26 commercial banks concluded
deals during this period.

---------------------------------------------------------------------------
                                              Activity Calculation base Ka:
                                             indicator --------------------
Rank Company short name                           (Ka)      V      N      D
---- ------------------------------ ------------------ ------ ------ ------
   1 Subsidiary Joint stock bank -
     ABN AMRO Bank Kazakhstan JSC                 2.43   0.73   1.00   1.00
   2 Kazkommertsbank JSC                          2.40   0.77   0.92   1.00
   3 Nurbank JSC                                  2.37   1.00   0.64   0.99
   4 Alliance Bank JSC                            2.23   0.69   0.83   0.99
   5 BTA Bank JSC                                 1.55   0.31   0.50   0.99
   6 Subsidiary bank HSBC Bank
     Kazakhstan JSC                               1.48   0.29   0.44   1.00
   7 Halyk Savings Bank of
     Kazakhstan JSC "                            1.441   0.43   0.31   0.91
   8 Citybank Kazakhstan JSC "                   1.439   0.20   0.49   1.00
   9 BANK CASPIAN JSC                            1.437   0.48   0.23   0.94
  10 Kazinvestbank JSC                            1.13   0.09   0.26   1.00
---------------------------------------------------------------------------

KASE draws attention that the activity ranking of the exchange currency market,
provided in the tables, has been compiled according to the methodology. The
text of this methodology will be released at the Exchange site at the nearest
time.

The essence of the methodology is the following. The bank rank is determined by
the value of a so called activity indicator (Ka), which is calculated
individually for each member of the Exchange. The first rank of the rating
corresponds to the highest Ka value.

This indicator for operators of the exchange currency market is calculated
according to the formula Ka = V + 0.9*N + 0.8*D, where:

V - the indicator of the volume of the deals in foreign currency, concluded by
the rated Exchange member during the analyzed period at the KASE currency
market; V = Vi / Vmax, where Vi - is the volume of the deals, concluded by the
rated bank during the period, Vmax - is the maximum volume of the deals,
concluded by any KASE member of category "B" during the same period (without
account of the National Bank);

N - is the indicator of number of the deals in foreign currency, concluded by
the rated Exchange member during the analyzed period at the KASE currency
market; N = Ni / Nmax, where Ni - is a number of the deals, concluded by the
rated bank during the period, Nmax - is the highest number of the deals,
concluded by any KASE member of category "B" during the same period (without
account of the National Bank);

D - is the indicator of number of days resultant for the rated Exchange member
in the analyzed period (resultant is the day, during which the rated Exchange
member concluded at least one deal on the KASE currency market);
D = Di / Dmax, where Di - is a number of resultant days for the rated Exchange
member, D(max) - is the maximum number of resultant days, registered during
the analyzed period in regard of any KASE member of category "B";

The indicators Vi, Ni, Di, Vmax, Nmax, Dmax are specific values, which means
they are calculated as the ratio of the volume of the deals (deals number or
number of resultant days) to the number of the days in the analyzed period,
during which this trade participant was an Exchange member of this category.
Thus, dependence of indicators on duration of the rated KASE member operation
is being leveled.

At the same time, not all KASE members of category "B" are ranked. To be
ranked the bank must have been a KASE member of the indicated category for at
least 70 % (by calendar days) of the analyzed period, in case the period less
one month is being considered, and at least 50 % if a longer period is
considered.

[2008-05-06]