Kazakhstan: SDDS Metadata

Kazakhstan: SDDS Metadata

Revision date: March 2006

SDDS Data Category: Interest Rates Statistics

Contact person: Ms. Irina Anatolyevna Moiseyeva

Title: Chief of Statistics Division, Research and Statistics Department

Address: National Bank of Kazakhstan 21 Koktem-3, Almaty, Kazakhstan

Phone: 7 3

Fax: 7 3

Internet e-mail: *****@***kz

The Data: Coverage, Periodicity, and Timeliness
Coverage characteristics	The following data are distributed: 1. Annual yield for the state securities: short-term, medium-term and long-term and indexed treasury bills 2. National Bank’s interest rates: refinance rate, overnight rate and convey REPO operations rate 3. Short-term rates of the interbank market (credit and deposit interest rates) 4. Weighted-average interest rates on extended loans by commercial banks (for the month) in Tenge and US Dollars (itemized by terms, maturity and types of depositors individuals and legal entities, branches and objects, mortgage loans, small business and consumer credits); and the weighted-average interest rates on commercial banks deposits (for the month), itemized by currencies (Tenge and US Dollar), types of deposits (demand and time deposits), types of depositors (individuals and legal entities) and terms. Quotation levels of the monetary instruments: 1) Refinancing rate 2) Overnight rate 3) Convey REPO operations interest rates
Periodicity	The official refinancing rate is set up by National Bank according with common condition of the monetary market, supply and demand under loans, inflation rate and inflationary expectations; Daily rates: overnight and Convey REPO operations; government securities; Monthly: the rates on loans, extended to clients and on deposits, attracted by commercial banks from clients; short-term interbank rates.
Timeliness	For daily rates - not applicable; For monthly rates on loans and deposits: – on the 30th day.
Access by the Public
Advance dissemination of release calendar	Daily data are issued every day.
Simultaneous release to all interested parties	The data are disseminated is available at the NBK's web-site in Internet for all interested parties and published in the “Statistical Bulletin”.
Integrity
Dissemination of terms and conditions under which official statistics are produced, including confidentiality of individual respondents	The monetary policy statistics is conducted under the Articles 8 and 61 of the Law of the Republic of Kazakhstan on The National Bank (1995) and Article 54 of the Law On Banks and Banking Activity, which provide the following: “the banks must provide the National Bank with any requested information about their funds, including those outside the Republic of Kazakhstan, amount of accepted deposits and extended loans, banking operations and other information including the data making bank secret”. Under the Law of the Republic of Kazakhstan on the National Bank of the Republic of Kazakhstan, Article 8, compilation and regular publication the composite balance sheet of banks of the Republic of Kazakhstan and own balance sheet is one of the key functions of the National Bank. Article 67 commits the NBK to publish, amongst other things, the annual report on activity of NBK and annual consolidated financial reporting. The confidentiality of information about respondents is established by Article 54 of the Law on Banks and Banking activity in the Republic of Kazakhstan, specifying that: «Employees of the National Bank of Kazakhstan shall be prohibited from disclosing or relaying to third parties information obtained in the course of exercising right of data collection, established by points 2 and 2-1 articles, are liable in accordance with legal acts of Republic of Kazakhstan». Further, Article 383 of the Republic of Kazakhstan Code of Legal Offenses (January 2001) provides for pecuniary penalties for disclosure of individual institutional entities information to third parties without prior consent of this institutional units. Copies of the Laws and other legislative acts regulating the money-credit statistics issues are available at National Bank’s web-site in Internet.
Identification of the internal government access to data before release	Users outside the NBK do not have access to the data before their official publication.
Provision of information about revision and advance notice of major changes in methodology	The published data are final and slight adjustments are possible. Any changes in the methodology are provided in advance before they are made.
Quality
Dissemination of documentation on methodology and sources used in preparing statistics	The interest rates statistics methodology is briefly described in the short comments of the monthly Statistical bulletin of the National Bank.
Dissemination of documentation on methodology and sources, that support statistical cross-checks and provide assurance of reasonableness	The information on refinancing rate, interbank market rates, Government securities yield, Convey Repo rates, NBK deposits rates, NBK loans rates (including overnight) are posted at the web-site of the National Bank (http://www. /eng/CurrentFinInfo/). The Statistical Bulletin contains the following: 1) the data on official rates, including the refinance rate, overnight, convey REPO and discount rates for the last 5 years, 2) interbank credit and deposit rates for different terms for the last 5-6 years, 3) credit and deposits rates of the commercial banks clients for the last 4-6 years, 4) state securities yield for different maturities for the last 5 years. The annual report includes diagrams of deposit rates for customers.

Dissemination formats:

Hardcopy
( ) News release
( ) Weekly	(x) Monthly bulletin	( ) quarterly bulletin
(x) Other
Electronic
(x) On-line country bulletin board or database
( ) Diskette	( )CD-ROM	( ) Other

Dissemination format page

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

Other: Annual Report in Kazakh, Russian, English

The information on NBK editions, price and subscribe is available from official distributor “Business literature and education”.

Address: “Business literature and publication”, Almaty, 44, Dostyk Ave.

Phone: 7 3

7 3

Fax: 7 3

Electronic:

www.