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MINISTRY OF EDUCATION AND SCIENCE OF KAZAKHSTAN

DEPARTMENT OF “FINANCE” COURSE WORK ON “ BANKING ” Team: “Foreign banks on the financial market of Kazakhstan”DONE BY:

CHECKED BY : Almaty 2010

TABLE OF CONTENT INTRODUCTION3-4

CHAPTER 1. HISTORY OF BANKING SYSTEM OF KAZAKHSTAN 5-10CHAPTER 2. ANALYSIS OF FOREIGN BANK IN THE FINANCIAL MARKET OF KAZAKHSTAN (on the example of ATF bank)11-16

CHAPTER 3. PROSPECTS OF THE DEVELOPMENT OF BANKING SYSTEM OF KAZAKHSTAN17-22

CONCLUSION23-24 REFERENCES 25 INTRODUCTION The banking system - one of the most important structure in the market economy. The banks conduct with cash transactions, lending to agriculture, acted as mediator in the redistribution of capital, significantly increase the overall efficiency of production, promotes the growth of productivity of labor.

Commercial banks of Kazakhstan are the single fastest developing a system. Banks' activities aimed at supporting the commercial interests of enterprises, to promote the introduction of new forms of management. Commercial banks - is an important area of national economy of any developed or developing country. Its practical role is operates in the state system of payments and settlements, most of their commercial transactions carried out through contributions, investment and lending operations, along with other financial intermediaries to direct the savings banks to firms and industrial structures. Commercial banks regulate the movement of cash flows, affecting the rate of turnover, emissions, total weight, including the amount of cash in circulation. In modern society, commercial banks are engaged in a wide variety of types of operations. They not only organize cash flow and credit relations, which are being financed through the national economy, insurance operations, buying and selling securities, and in some cases, brokerage and property management. Lending institutions act as consultants, participate in discussion of economic programs, keep statistics, have their own similar business.

Banks that are partly or wholly owned by foreign capital. Activities of foreign banks in the country are regulated by national legislation, which establishes a special regime for foreign banks to limit or enhance them, depending on the state of the economy and the direction of government policy.

Sufficiently prominent place in Kazakhstan's economy is played by foreign banks. Foreign banks are one of the largest banking entities in the country. This is due to overseas expansion of the companies are major customers of banks, with the unfolded process of deregulation and liberalization. The growing number of foreign banks depends on many factors such as: mode admittance of foreign banks and the regulation of their operations, the role of foreign trade and foreign direct investment in the economy, the presence of the country's international financial centers, including centers of operations with the euro, which determine the possibility of international expansion: the level of development of the national market, including credit and financial prospects, and expand local operations, the level of taxation of the quality and efficiency of the technological infrastructure. The main foreign partners and non-resident banks are the U.S., Saudi Arabia, Turkey, China, Netherlands, Liechtenstein, the Kingdom of Luxembourg, the Netherlands, Russia. Kazakhstan is assessed as highly attractive for foreign investment the country continued the process of attracting foreign capital in a bank. The activities of existing foreign banks is characterized by stability and balance. Activities of commercial banks contribute to stabilizing the financial situation in the country, raising production and development of fair competition.

Foreign banks are oriented primarily to their corporate customers, although individuals are interested in them too. For foreign banks is not so relevant small deposits, they needed wealthy clients, but private accounts they also open. Moreover, foreign banks have lower interest rates than domestic financial institutions: this means that at their expense to save inputs from inflation citizens of Kazakhstan do not succeed, but still on the banking crisis it will protect them.

In general, foreign banks associated with stability in the financial system. This is not surprising, because even if Kazakhstan once again break out the crisis, foreign banks have a guarantee of support from parent institutions. However, experts recommend that individuals do not rely too much on the power of foreign banks and, despite the perfect service and a lot of tempting offers, always check what might be lurking behind them, and how it will affect their personal financial well being of each client's foreign financial subsidiaries.

The main goal of course work is to understand influence and important of foreign banks in the financial market of Kazakhstan. The main goals of this course work :

- To analyze history of development of banking system on the territory of Kazakhstan;

- Analyze the activity of ATF Bank, as a foreign bank, the types and profitability of financial services in the bank;

- Identify the problems and perspectives of development of banking system of Kazakhstan;

Subject of course work is banking system and foreign banks on the financial market of RK. Object of study is ATF Bank.

Methodological and practical base for writing of course work is textbooks, academic economists, articles, financial reports of ATF Bank.

CHAPTER 1 . HISTORY OF DEVELOPMENT OF BANKING SYSTEM OF KAZAKHSTAN Banking system of Kazakhstan appears after taking of sovereignty of country in December 1991. In January 1993 was done first law “on banks and bank activity

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