View
1.449
Download
2
Embed Size (px)
Citation preview
2013
3 2013
, !
2013 . , , , .
, , , , , .
2010-2012 3.1 . , 2 . . 2013 2.4 ., 0.8 . 2011-2012 2013 4 . 6.1 , 78.5 3.5 . 2012 , 2013 .
2012 , , 2013 , , , , 2012 11 , , . :
, , 677 , , , .
, , , 900 , .
, 3 , 2.75 ,
4 2013
.
2013 2 24.3 , 12.1 , 11.7 , 2012 , , .
, - , , , , .
- , , 3.1 . , , , , . - 1.9 12.3 1.5 12.5 . , , , 2013 .
, , . , , 2013 60 . 739.1 , 474.5 . , , , , , .
, 2013 3 4 .
5 2013
, , .
2013 15.5 , 7.2 , 7 , . , , , , , . - , . , .
2013 74.1 20.1 , 54.1 10.8 , 77.7 19.6 . 2013 , . 2013 14.9 , 2013 4.6 .
, . , 2013 2.5 , 82 .
. , , , , , , , , , , .
.
6 2013
,
,
,
,
,
,
,
,
(2) (15)
7 2013
1. 1.1 91.2 131.3 , 181.4 32
2. 2.1 , , 332.2 372.3 402.4 412.5 432.6 , 45
3.
3.1 473.2 47 3.3 493.4 503.5 50
4.
4.1 , 534.2 , 544.3 , 564.4 594.5 , , , , 61
8 2013
5. , ,
5.1 , 635.2 635.3 645.4 655.5 , 675.6 685.7 695.8 2013 69
6. 73
7. 163
9 2013
1.1
-
()- 2013 11.7% , 3 2 . 2012 2013 1 7.1% . , - 2013 2 , . , 180 .
2013 , .
1: , (2007=1.0) ( )
2: -
0.0
1.0
2.0
3.0
4.0
5.0
6.0
0.00.51.01.52.02.53.03.54.0
2007
2008
2009
2010
2011
2012
2013
.
7%
14% 12% 12%
-10%-5%0%5%
10%15%20%25%
2010 2011 2012 2013
I II III IV I II III IVI II III IV I II III IV
: : ,
2013 - , , , , - , , .
- , , 2 .
1
10 2013
1: - 3: - ( )
2013
I II III IV- 10.7% 11.6% 12.2% 11.7%
2.9% 3% 2.6% 2%
1.1% 0.8% 2.1% 3.2% ( ) 1.3% 1.7% 2.5% 1.9%
5.5% 5.6% 4.3% 4.3% 0.6% 1.1% 2% 1.4%
5.4
3.9
-3.2 -4
-2
0
2
4
6
2006 2007 2008 2009 2010 2011 2012 2013
:
- 5.4 , 4 , -3.2 . , , , , .
, , 2013 10.1%- - 11.7%- 8.5 .
2013 , 66.5%- , 2010-2012 2.2 , - 1.4 . 2013 - 2012 2 .
- 2.1 . -0.2 0.9%-, 6.8%- .
2.0 . , . 2013 15.7 15.2 , 0.8 45.1 , 10.3%- .
-2013
11 2013
2013 - 16.8 13.7%- ( 5). 2013 , , . 1.5 . , 8.9 -12.5 -3.6 .
4: 2010-2013
-20%
0%
20%
40%
60%
2010 20112012 2013*
-
5: -
-60%
-40%
-20%
0%
20%
40%
60%
80%
2006 2007 2008 2009 2010 2011 2012 2013
:
5.6%- , 2013 3 1894.5 . 62.1%- 0.5 ( 6). 2012 68.2 1086.4 89.5 7.6% ( 7).
2013 353.1 32.5% , 229.6 21.1% , 503.7 46.4% ( 8). 514 47.3% 14.1 1.3% . 203.3 18.7%, 25.5 2.3% 325.2 29.9%- ( 9).
-2013
12 2013
6: *
1 000
1 500
500
56%
58%
60%
62%
64%
66%
68%
70%
02010 2011 2012 2013.III
. , %
7:
1 150
1 100
1 050
1 000
950
900
1 200 9.4%
7.0% 7.9% 7.6%
0%
2%
4%
6%
8%
10%
2010 2011 2012 2013.III
. , %
8: ( )
31.8% 34.0% 31.2% 32.5%
16.6% 17.0% 17.9% 21.1%
51.6% 48.9% 50.9% 46.4%
0%
20%
40%
60%
80%
100%
2010 2011 2012 2013.III
9: ( )
0%
20%
40%
60%
80%
100%
2010 2011 2012 2013.III
-
-
10:
3% 5%
9%
15%
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
0
10
20
30
40
50
60
70
80
2010 2011 2012 2013
, , ,
.
2:
**
(2005 , .)
2011 2012 2013 2013/2012
37,745 39,244 40,764 3.9%
70,472 69,805 71,422 2.3% 26,467 29,048 28,307 -2.6%, , ,
16,526 17,140 17,714 3.3%
* - (15- ) .
** - ( )
:
-2013
13 2013
2013 71.2 40.7 . , 71.4 , 2.3%- 28.3 , . , , 17.7 , 3.3 ( 2).
1.2
2013 3,155.6 . , 1,471.7 . 1,883.3 . .
11:
I II III IV I II III IVI II III IV I II III IV
0
2010 2011 2012 2013
.
, 3 000
2 000
1 000
-1 000
-2 000
12:
I II III IV I II III IV I II III IV I II III IV
-50
-40
-30
-20
-10
0
-900
-600
-300
0
2010 2011 2012 2013
%
, -
.
-1 200
-1 500
:
2013 6%- 206.7 . . : i/ 15%- 1,314.5 ., ii/ 29%- 670.3 ., iii/ 40%- 142.7 . . , , , , , 2011 - 32%, 2012 33%- 2013 26%- . .
-2013
14 2013
1,471.7 . 70%- 2,411.3 ., 2,476.6 . . :
1,996.5 () . , 2012 55%- : - .
, 2012 .
- 2013 , .
- - .
- 2012 5 - 2012 , 2013 10 , . 79 .
- , 2 , .
151.1 . :- ,- .
13:
-5000
500
2010 2011 2012 2013
.
I II III IV I II III IV I II III IV I II III IV
2 500
1 500
2 000
1 000
-1 000
-1 500
14:
0
200
400
600
800
.
2011
I II III IV
2012 20131 600
1 400
1 200
1 000
:
-2013
15 2013
() 2013 4 -19,361.8 . .
3: , 2013 ( .)
. 4,033 . 23,395
1. ( ) 552 6. () 15,471 2. 120 7. 2,479 3. 0 8. 0 4. 1,113 9. 5,445 5. 2,248 . (19,362)
:
() 4,032.9 . . 56%- , 28%- , 14%- , 3%- .
() 23,394.6 . . 66%- , 23%- , 11%- .
32%- 5,020.3 . , 68% 10,450.3 . ( , ) .
4: , ( .)
2010 2011 2012 2013
(1,678) (7,692) (14,219) (19,362). . (2,048) (7,602) (12,267) (14,918) . (230) (313) (2,584) (2,359)..- (0) (0) - - . (1,688) (2,228) (3,495) (4,333)- 2,288 2,451 4,126 2,248 :
2012 36%- 5,144.4 . . :
, 37%- 2,347.2 . , 13%- 2,797.1 . ,
, 2,651.4 ., 24%- 839.9 . , 9%- 224.9 ., 46%- 1,878.1 . .
-2013
16 2013
( )- 2013 18,920.6 . , 2012 23%- 3,536.1 . . :
, 2012 48%- , 1,884 . ,
25%- 2,092.9 . .
- 2011 22%, 2012 41%, 2013 36% .
5: ( .)
2010 2011 2012 2013
5,928 9,628 15,385 18,921 3,536 23%I. 1,788 1,951 4,264 4,256 -8 -0.2%II. 274 268 414 1,065 651 157%III. 506 710 1,074 1,265 190 18%
77 82 58 118 60 103% 429 628 1,016 1,147 131 13%
IV. 646 949 1,275 1,884 609 48% 289 502 508 451 -57 -11% 357 447 768 1,433 665 87%
V. 2,715 5,750 8,357 10,450 2,093 25%
: ,
1: (QE)
0 Quantitative Easing (QE) , 2008 . , 2008, 2009 (FED), (ECB), (BOE), (BOJ) QE- . QE- - 2 14%- 2013 2- 7.4%- .
-2013
17 2013
6: QE- , M2
2 2013 - FED BOE BOJ BOM FED BOE BOJ BOM
2008 7.4 0.2 1.0 0.32009 13.8 13.6 2.4 1.8 13.2 3.82010 6.9 3.6 1.0 5.92011 0.0 3.6 2.6 4.0 4.42012 6.4 5.0 7.0 0.4 5.3 12.22013 9.3 7.4 38.6 1.5 13.3 20.8
:
QE 2009-2012 , , , , - 1.5 . QE 1.25 , . 40 5% QE- , QE- , .
2013 4 QQE (quantitative and qualitative easing) , , , , 2%- . , QQE , 3 7 qualitative , - , . 15 2013 12 1.6%- .
- 3 QE QE3 2012 9 . QE3 85 . (ABS) , , , . 2012 8 8.1% 2014 2 6.7% . , , 2013 12 , 2014 4 55 . ABS .
-2013
18 2013
6.5%- , 2%- QE3 , 0-0.25% 2014 10 .
2013 4 . , 78.5%- 3.5 . , . (i) , , 677 , (ii) , 900 , (iii) 534.5 , (iv) , 1540 , 2013 3.6 2 38.6%, - 20.8%- , , , .
QE- 2 , - QE- 2, - 2011 , 2012 , 2013 , .
1.3 ,
2012 , , , 2012 12 2013 24.3%- , 9.5 . 2 24.3%- , 31%- .
-2013
19 2013
15: 2 ,
24.3%
54.1%
-60%
-40%
-20%
0%
20%
40%
60%
80%
100%
2010
M01
M03
M05
M07
M09
M11
2011
M01
M03
M05
M07
M09
M11
2012
M01
M03
M05
M07
M09
M11
2013
M01
M03
M05
M07
M09
M11
(2)+
:
2 ()- -45.4% () 17.8%-, 49.6%-, .
2013 12 1540.9 51.3% .
, 2013 2 12.1%, 40.8% . 2 ( 16-17).
-2013
20 2013
16: 2 (%)
2010 2011 2012 2013
24.3
6.0
12.1
0
10
20
30
40
50
60
70
80
2
-
1 1 119 95 53 311 117 7 953 117 953 117
17: (%)
1 1 119 95 53 311 117 7 953 117 953 117
54.1
40.8
01020304050607080
2010 2011 2012 2013
-
:
18.
0%
20%
40%
60%
80%
100%
2007 2008 2009 2010 2011 2012 2013
, $ ,
,
, $
, . 2013 , , , ( 18).
:
2:
()- 4 1- - , 22 2- , , .
, , , . .
-2013
21 2013
. ( )- .
1997 Levine, 2000 Khan Senhadji 140- , , . 1-3%, 7-11% .
19: 20:
: Levine (1997), Khan, Senhadji (2000) : BIS, 2008 (41 )
. , 1.5-2%-, 3%- .
( ) - ( 20).
, , . , , . , , .
( , , )- .
. , , , . , .
-2013
22 2013
- . , , , , , .
, . , , , . , , , .
, . ( , ) . ()- 4 2- , .
2013 13 , 1409 , . 2.5 , 693.9 .
19.3 68.2%- . . , 2013 400.6 , 24.2%-, 1.6 , 114%- .
2013 53.1% , 22.3% , 11.5% , 8.7% , 4.3% . 0.6% . .
10.4
-2013
23 2013
, 3.6 52.6%- . 96.6% 10 , 1.1% 115.6 , 2.5% 261.4 . 113.4 76.4%- , 0.3%- .
, 30.1%, 16.3%, 12.4%, 10.1%, 31.1% . , 3.1 2.5 .
, , , , , , , , . 2013 4 . , . . 2013 71.6% 187.2 . 74.2 0.7% , .
17.5 7.4 68.3%- . , 2.8 . 43.4% , 16.9% , 28.8% , 10.8% .
7.6 , 49.7%- 2.5 . 67.3% 5.1 , , 16.2%- 714.1 , 19.4 . 3 28.2%- 652.9 . 2 53.6%- 691 .
2013 2012 8.6 30.6%- , . 5.1 27.5%-
-2013
24 2013
. , .
, 6.2 98.3%- . , . , 2011 80.9% , 2012 72.8%, 2013 60.4% . (NSFR ratio1)- 2013 129.5% , , , 1- .
21:
98.3%
129.5%
0%
30%
60%
90%
120%
150%
180%
210%
2011 2012 2013
, NSFR
1 1 12 2 23 3 34 4 45 5 56 6 67 7 78 8 89 9 910 10 1011 11 1112 12 12
:
2010 7 30- 460 , - , , , .
1.7 , 35.2%- 477.3
1 . .
-2013
25 2013
. 2013 12 31- , 16%, , 12% 4 3 . III- .
, 2013 . , 44.4%- 5.6 , 19.4 .
22:
16.0%
44.4%
20%
25%
30%
35%
40%
45%
50%
5%
7%
9%
11%
13%
15%
17%
2012 2013
(>12%, .)
(>25%, .)
1 5 9 1 5 93 7 11 3 7 11
23:
75%
113%
-20%
0%
20%
40%
60%
80%
100%
120%
2011 2012 2013
,
LCR like*
1 5 93 7 11 1 5 93 7 11 1 5 93 7 11
:
III- Liquidity coverage ratio (LCR)2 . LCR 30 , .
LCR , ( , ), (, , , )- 2013
2 LCR like- Liquidity coverage ratio .
-2013
26 2013
113.3% .
, +/-15%- , +/-40%- . 2013 -10.2%, 14.8% .
2011 7 8- 404 2013 16 .
, , . , , , , .
, . .
, , , . , , .
, , , , , , , , - , .
-2013
27 2013
, , , - , .
8%- , , , , , .
, , , , .
19.1 , , , , , , , , , , , - , .
, . , , , . 2018 , . , , , .
, 2014 .
, 8 , .
-2013
28 2013
2013 , , , , , . 17 14 , .
, , , .
2011 726 , 14 , , 9 .
2012 -168 , , , , , , , , , , .
8 , , .
, , 48 48.2 2013 7 22- . , , , . , , .
-2013
29 2013
, 22 , .
, , , , , , 14 , .
, , .
38 .
, , , , , , , .
, , , , 38.2 , , .
3: :
, . . : o ,
, , - 0%, 70% 50% .
o 65 .
o :
-2013
30 2013
6 5- .
, .
7:
2012.6.30 2012.12.31 2013.6.30 7.0% 8.0% 9.0% 12.0% 12.0% 12.0% 0.5% 1.0% 2.0% , 12.5% 13.0% 14.0%
:
o 16 .
o , .
o , .
o , , .
, , .
2013 12 31- 254 , 134 65.8 97.6 , 10 1.01 , 98.6 . 47.1 32.6%- .
8: ( )
2012 2013
0.000525 1.01 1.01 100.0 144.7 97.6 -47.1 -32.6 0 0 0 0 144.7 98.6 -46.1 -31.9
:
-2013
31 2013
129.4 7.2%- 1670.5 - 9.4%- . , , , , , 59%- .
2013 -20 18,301.93 , 13,188.46 , 15,094.94 . -20 1412.70 7.97%- , 16,301.81 . -20 (34%), (31%), (25%), (24%), (23%), (19%), (12%), (12%), (11%) - .
19 , 33.8 83.2 85%- . 2013 10 21- - 14.7 19.8%- 47.5 .
24: -20 ( )
10,000
12,000
14,000
16,000
18,000
20,000
1/2
1/11
1/23 2/4
2/14
2/26 3/8
3/20 4/1
4/11
4/23 5/3
5/15
5/27 6/6
6/18
6/28
7/10
7/22 8/1
8/13
8/23 9/4
9/16
9/26
10/8
10/18
10/30
11/11
11/21
12/3
12/13
12/25
:
9:
( )
( )
15.150.762 49.172.847.053 12.152.641 26.155.977.729 10.816.995 3.240.691.457 5.538.337 2.547.624.077 5.131.385 2.056.635.301
:
134 12 31- 84 , 43 , 7 . 33.6%- , 384.3 .
-2013
32 2013
1.4
, 2013 5880.7 , 6178.0 , 297.3 - 1.7%- .
, 5880.7 , 7.9% 503.4 , 20.9% 1017.6 .
99.9%- 21.8% 1051 . 86%- 21% 878 , 5057.3 , 16.8% 276.2 , 27.2% 236.8 , , 32.4% 210.7 . ( 14%) 26.7% 173 821.7 .
622.9 9.2%- , 184.2 3.1%- , 6178 .
( 73.8%) 155.2 3.5%-, ( 2.8%) 107 166%- ( 23.4%) 78 5.1%- .
, ( 52.5%) 341.2 16.6%, ( 2.8%) 144.5 114.8%- ( 41.%) 330.5 14.8%- . 323 .
2013 308.5 , 76.5 , 1,563 , 1,085.7 .
-2013
33 2013
2.1 , ,
2013 , , , , , - , .
2013 7 7%- 2013 12.3% 4.3 . (2.92%), , (1.52%), , (1.43%), (6.42%) . 2013 , , 6.1 , . , 2013 3.7 , . 2013 2 . 8 13-14%- .
, . , , 2013 1, 4, 6 0.75, 1.0, 1.0 , 10.5%- . , , , .
2013 , , , - . , , , , 2012 19.9% 2013 13.3% , 6.6 , 2012 44% 2013 10.5% 4.2 . , 2013 60 .
, , . :
2
34 2013
, 900 . , , , , .
2013 6 17- , , , . 8 2013 19% 2011 12 , 2012 17 . 2013 12 , , , .
, , . , , , , , , .
()- , . , , , - , , - , , .
2013 12 - , , , - . 2014 1- 2- . , , , , , , .
:
1. , 2012 1.5 , 1.9 , .
2. ,
-2013
35 2013
.
3. , 2 , , 180 - 2013 11.7%- .
4:
2013 800 ., 2.4 . , 2011-2012 800 . 4 . - 35%- . , 3.5 78.5%- , 3.9%- , 2 10.9%- , , - , , 180 .
, , , . :
, . , , , , , . , , .
, . , , , 2.75 900 2 15 2012 , , , . , , .
, , , , , , , .
-2013
36 2013
2013 11.7%- . , , , , , , .
, . . , , 6.1 . 2013 19 . , , , , , , , , , , .
5:
2013 2 4 . , . , , ( 25).
()- (10.5%) 2 12.5%- . , 2 8.5%- .
, ()- . - . 12.5%- . 8.5%- .
-2013
37 2013
25: , 2013 3-12
6789
101112131415
3 4
-
5 6 7 8 9 10 11 12
: , .
2.2
, , . , , . , , , .
96 , , , , , - , , , . , .
-2013
38 2013
26: ( )
9371.63
11992.23
18155.55
0
2000
4000
6000
8000
10000
12000
14000
16000
18000
20000
50
100
150
200
250
300
350
400
2011 2012 2013
95.8%
2.0%
0.9%0.5%0.8%
4.2%
95.7%
2.1%
0.8%0.6%0.7%
4.3%
96.6%
1.8%
0.7%0.4%0.5%
3.4%
III
: , .: 2013 3 2012 4 .
27: ( )
184.3198.4
132.6
0
50
100
150
200
250
0
4
8
12
16
20
2011 2012 2013
88.3%
5.5%
3.9%
1.0%1.3%
11.7%
87.5%8.2%
2.3%1.7%0.3%
12.5%
81.4%12.9%
2.8%1.8%1.0%
18.6%
III
: , .: 2013 3 2012 3 .
, . , . , , . 2013 1 10- - - , , . , 2013 , .
, , . , 2013 263 , 141 , 87 , 17 , 323 , . ,
-2013
39 2013
, . , 2013 5 24- - - , , .
()- 2013 4 , 13 . , 2013 2 19- , , , , , ()- , 5 . 2013 9 25, 10 4- 2014 , 2014 , , , , , 2013 12 13- , , - , 2013 , 2014 , , , .
, , , , - , 2013 7, 12 .
MSTAP , . , , , , , , , .
-2013
40 2013
2.3
, , . , - , .
2013 3.2 . , 1.5 . 3.3 , 2013 6.1 .
, . , , , , , , , , . ., -. - , , , , , .
28: .
29: .
5 2 3 7 18
60
93
35
16 4 6 5
0
20
40
60
80
100
1%
-400-200
0200400600800
II II II IV II II II IV II II II IV .
2011 2012 2013
.
1 4001 800
1 700
1 600
1 500
1 400
1 300
1 200
1 2001 000
:
-2013
41 2013
. 2013 12 31- 19%- 1659.34 0.25%, 0.24%, 0.26% . 2013 60 0.2%- . 5 .
2.4
() ()- 5, 21 , . .
2013 , , , . , , , , .
2013 - , , , , (BIS), , . 2012 , - () , 3 .
, , .
- , , , , .
- . 2013 , , , 0-1 , 0-3 . - 0-3 , .
-2013
42 2013
2013 - - , 12 - , 28%- .
, 2013 . 22%- . , , . - .
2013 2,248 . 45.5%- 1,887.8 . . 12 ( 30).
2013 12 , 4.3 17.3 ;
3 , 4.3 17.3 ;
2014 , 4.4 17.7 .
30:
-
2
4
6
8
10
12
-
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
10 12 2 4 6 8 10 12 2 4 6 8 10 12 2 4 6 8 10 12 2 4 6 8 10 12 2 4 6 8 10 12
2009 2010 2011 2012 2013
( )
.
( , )
(12 )
:
-2013
43 2013
2013 , , 6 . 7.4 - 328.4 . .
- , , , 16.7 . 51.1 . , - 34.3 . .
2.5
, , , , .
, , , .
, , , ()- 11 .
, , , , , .
, , , , , , .
10: 2010-2013 , ( , )
2010 2011 2012 2013
I 693.8 2.2 798.0 3.7 914.9 5.7 3846.3 9.0 (%) 38.2 25.8 15.1 68.2 14.6 53.8 320.4 57.9II 908.9 3.0 1077.5 5.4 1249.4 7.5 4 664.1 13.3 (%) 27.0 69.6 18.5 80.0 16.0 38.5 273.3 77.3III 801.9 3.4 903.6 6.0 1018.5 8.4 4 524.5 16.1 (%) 28.1 74.2 12.7 73.5 12.7 40.2 344.2 91.7
-2013
44 2013
IV 983.1 4.7 1139.3 8.3 3954.9 9.0 4 780.1 17.5 (%) 22.8 86.2 15.9 76.6 247.1 8.4 20.9 94.4 3387.7 13.2 3919.3 23.4 7137.8 30.6 17 815.0 55.9 (%) 28.1 66.5 15.7 77.3 82.1 30.7 149.6 82.7
:
, 2010 28.1%-, 66.5%- , 2011 15.7% 77.3%, 2012 82.1% 30.7%, 2013 149.6% 82.7%- .
, 2010 2013 55.9 17.8 .
31: 2010-2013 ,
0.7 0.9 0.8 1.0 0.8 1.1 0.9 1.1 0.9 1.2 1.0
4.0 3.8 4.7
4.5
4.8 2.2 3 3.4
4.7 3.7 5.4 6.0
8.3
5.7 7.5 8.4
9.0 9.0
13.3
16.1 17.5
2010 2011 2012 2013
,
,
I I I III II II IIIII III III IIIIV IV IV IV
:
()- , . - .
11:
2011 2012 2013 (%) 2 169 838 2 855 378 3 456 440 1 098 072 21.1
440 177 1 123 041 1 343 284 306 779 19.6 2011 2012 2013 (%)
5624 7210 9535 2011 32.2 2354 2384 2765 1696 16.0 634 915 1032 244 12.8
373 316 314 - -
-2013
45 2013
, 2011 2012 2013 (%)
. 5.9 10.3 13.6 1.2 32.0
. 448.8 735.1 738.7 24.9 0.5
. 2.2 1.7 1.4 0.4 -17.6
. 515.5 557.0 422.5 67.8 -24.1
. 36.7 57.4 57.0 10.8 -0.7
. 2603.8 3993.2 4647.5 854.7 16.4
. 44.8 69.5 72.0 12.4 3.6
. 3568.1 5305.3 5808.7 947.4 9.5
:
, . .
2.6 ,
- , , , , , ()- , , .
1. 2013 1 10- . , , . ( )- , , .
, , 20 , .
2. (2013 5 24- )- ( , , , , , )- , ,
-2013
46 2013
. , , , . , , , .
3. 2013 5 31- . (2006)- , , , , , , . - , , . , .
4. 2013 10 13- . , , , , , , , . , , , .
5. 2013 10 13- . , , , , .
-2013
47 2013
3.1 ()
, , - . :
7 3 4 4
- , 2013 3 - 7 , , . 2013 12 31- - 2 92%- 7 , 8%- 7 - 2012 - 62%, 2011 56%- ( 32).
32: - (, )
:
3.2
, , 2013 3 -
3 , 7 , , . - .
4 ( 0.5 )-, 4 .
3
48 2013
. . :
1. - , ( -2 ).
2. , - , - ( +2 ) .
3. 7 , +0.5 , .
2013 24.9 90% , 9% , , 1% , 5 .
33: , 2010-2013
2.2 , 2.2 22.5 ( 33).
:
34: -
, (), 34- .
:
5 .
4%6%8%
10%12%14%16%18%20%
I II III
IV V VI
VII
VII
IIX X X
IX
II I II III
IV V VI
VII
VII
IIX X X
IX
II
2012 2013
-
2010 2011 2012 2013
25
20
15
10
5
0
,
-2013
49 2013
3.3 ()
-
2012 10 , , , - . 2013 63 2.6 , ( 35).
, . , 12.88%- 12 - 9.1% .
, , .
35: 2013 - ,
0
150
300
450
600
750
900
1,050
1,200
0%
2%
4%
6%
8%
10%
12%
14%
84
196
365
1.4
3
5
10
:
-
2013 , , - , . 2013 295 55 - .
-2013
50 2013
- , .
, , - , , .
3.4
2013 , , , 103 .
2013 , . , .
2013 1.2 . , . 4.3 . , , 213 . , , .
, , . 2013 6.6 . , 457 . . , 305 . . 2013 183 .
3.5
. , , , . 75
-2013
51 2013
, 13 6.04 378.1 2.7 81.8%- . 2013 7.4 , 328.4 . .
36: ( , -)
3345
6042
0
1000
2000
3000
4000
5000
6000
7000
2012 2013
,
,
1 12 23 34 45 56 67 78 89 910 1011 1112 12
:
Coin Invest Trust , , John F Kennedy , , , , .
, John F Kennedy
, ,
-2013
52 2013
, ,
Coin Invest Trust 4,249.25 ., 6,195.90 . . : Krause Publications- (Coin of the year), (Best silver coin of the year) , Krause Publications- (most popular coin), 6 Water Mark Publishing House - 3 . 2014 .
-2013
53 2013
, , . , , , , , .
, , - 2012 10 22- 6, , . :
, (FPS)
, : 2013 , , , . - , , - , 2012 11 16- 2013 7 15- . - , 87 , .
11,446.1 1025.1 , 1016.1 , 100 . 5.45 , 7 . 9405 , 7 100% .
2012 10 2013 7 2 . 2013 7 5 2.5 , 2.2 , 3.4 ( 37).
6 , - 2012 57 , 2013 , 2012-2016 .
4 ,
54 2013
37:
28.3%
25.3%23.3%
11.2%
7.4%
10.8%
0%
5%
10%
15%
20%
25%
30%2010-2012 2013
38:
-30%
-10%
10%
30%
50%
70%
90%
2000-2010 2012 20132000-2010
1 2 3 4 5 6 7 8 9 10 11 12
:
2013 10.5%- 2012 4.2 , 2010-2012 3.3 .
2014 , , 2013 11-12 61.6 , 15.4 , 77 . 2014 . . 2014 2013 4 13.2 94.3%- .
: , , , . , 61 36 2013 23 48.7 . 36.2 , 17 12.5 . . .
, 100 1 .
, (HPS)
- 2013 1 9- , :
-2013
55 2013
:
; (, )-
; ,
.
, 71 174.7 , (, )- 55 125.4 , 301.6 . - 2013 , 1,520,000 , 179,198 . 490,000 (32%), 161,605 (90%) .
2013 6 , 7 . 2013 . - 1150 .
, 2013 66.5%- - , .
39: , (, )
:
:
, , , , ,
-2013
56 2013
O - .
2013 4 13- . 2013 6 14- - - , 1.5 .
2013 6 17- . 2013 16,750 474.5 , 8%- . 12,803 739.1 .
, , , , . , .
40:
986 1,032
1,273 1,462 1,611
1,751 1,833 1,939 2,021
2,122
62 68 168 213 176 160 108 132 102 81
9.93
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
-
500
1,000
1,500
2,000
2,500
2013
5- 6- 7- 8- 9- 10- 11- 12- 1- 2-
2014
()
: ,
, TLF
, : , , , .
-2013
57 2013
, , .
, , , 2012 10 26- , - . , , , , , 303 . :
1. 136 2. 95 3. 22 4. 50
:
2013 3 21- , - - 3.8%- , 3 22 , 10 . . :
- 2-3 23 .
- , - 24 11 , .
, 2013 4 1- , 2011 4.41 , 2012 3.59 2013 3 .
, . , , , , , , .
, 2012 11 9- 76 - - - , ,
-2013
58 2013
- - KB Energy - , 2013 10 1- 4 .
-- , 2012 11 . , , , .
400 , 60 , 3 , 3 70 2013 1 29- . , - - 6 , . 2013 5 8- , .
- 24 . .
:
400 , 60 , 3 , 3 70 , - , .
2013 5 20-23- , XIII , , .
:
- .
- - , , .
:
, , .
-2013
59 2013
SIFS
, : , , .
, . , .
, , , 2012 10 26- .
: ( )
- , 13 3.8%- , 1 192 2013 12 31- 173.3 .
2-6 2013 12 31- 621 . .
, , .
:
2013 12 31- 3.3 , .
- , .
- - , 10 - SK Energy .
- - 200
-2013
60 2013
.
- , - . , , .
, 2013 7 6- , 236 .
41: -92 ()
42: ()
150
60
190
50
-50
(150)
(100)
(50)
0
50
100
150
200
250
201120122013
1 5 93 7 112 6 104 8 12
120
310
180
50
-50
(150)(100)
(50)0
50100150200250300350
201120122013
1 5 93 7 112 6 104 8 12
: , ,
:
.
. . .
. .
-2013
61 2013
43: ( .)
44: ()
52
93
0102030405060708090
100
2010-2012 2013
0
20
40
60
80
100
120
140
160
-92 ()
()
2010-2012
2013
75
145
0 0
: , ,
: , , .
, , , ,
, 2013-2014 , , , , 2013 7 9- .
2013 8 1- 20%- . .
:
, , 6-12 , 2%- , , , .
- 2013-2014 . , , . , , ,
.
-2013
62 2013
63 2013
5.1 ,
9 , 2 , 17 , . 2013 455 334 , 121 .
2013 , 229 , 168 36 86 , .
92 , , 46 2 , 11 , 12 .
5.2
, , , , , , . 2013 , , , , , , , , , , . , , , , , . , , .
- , 2014 - , , , , . , . , .
2012 10 , , , , , 3 ,
, , 5
64 2013
. .
, , , , , , . - , , .
, 2014 , , , , , , . .
. 8%+/-1 , , . , , , , . , , , . . , , .
5.3
, , .
2013 :
12 , 2013 9 28-30- . , , 16 , .
-2013
65 2013
; , ; , ; . , , .
, - 9 23-27- . , - . , - 250 . /FATF/, , .
, , - . , , , , . , , . , , .
- , - , , .
5.4
, ()- 2012, 2013 (- 40 )- , .
- 2013 5 31- , , .
- 2013 10 12- , -
-2013
66 2013
1267, 1373 , , - .
, 2014 1 16- - , , - . 2014 2 17- - 22 , - .
, , - , .
2013 , , APG , .
, , , , ()- , . 2012 (mutual evaluation follow up)- - , , , .
2013 , , - , , .
2013 2 500 20 , , . 285 . , - 601 . 2013 258 2 .
, , . 2013 3 780 , , 1329 , , .
-2013
67 2013
, 3 2013 10 , 199 .
, , , .
2013 .
, 2013 229 , 4 , 421 5 .
5.5 ,
, , (), () . , , , , , , , , , , , .
2011-2015 , , , 17 , . , , .
- , , , , , , , , , , .
, , , .
-2013
68 2013
5.6
2013 . , , , 500- 1000- , 5000- 20000- - , .
2013 12 31- 842.2 16.2 1.9%- . 23.2 7.9%- . 1-, 5-,10- 20- .
12:
2012 12- 31 2013 12- 31
-
( )
-
( )
1 1 26 0.0% 26,437 9.0% 29 0.0% 29,264 9.3%2 5 12 0.0% 23,481 8.0% 131 0.0% 26,237 8.3%3 10 527 0.1% 52,729 18.0% 571 0.1% 57,064 18.1%4 20 736 0.1% 36,804 12.6% 880 0.1% 43,999 13.9%5 50 1676 0.2% 33,516 11.5% 1,843 0.2% 36,858 11.7%6 100 3375 0.4% 33,753 11.5% 3,745 0.4% 37,447 11.9%7 200 68 0.0% 338 0.1% 34 0.0% 169 0.1%8 500 5200 0.6% 10,400 3.6% 5,661 0.7% 11,321 3.6%9 1000 13,727 1.7% 13,727 4.7% 14,263 1.7% 14,262 4.5%10 5000 64,394 7.8% 12,878 4.4% 53,975 6.4% 10,794 3.4%11 10000 234,702 28.4% 23,470 8.0% 207,230 24.6% 20,723 6.6%12 20000 501,525 60.7% 25,076 8.6% 553,908 65.8% 27,695 8.8%
826,074 100.0% 292,615 100.0% 842,269 100.0% 315,840 100%
:
13: , ,
( )
( )
2009 630.5 111,489 761.4 117,774 2010 827.9 131,954 862.5 123,713 2011 1246.4 181,258 1310.6 170,460 2012 1564.2 213,305 1663.4 198,521 2013 1601.6 216,394 1728.7 202,035
6694.0 993,650 7293.0 963,774
:
-2013
69 2013
225.2 , 38.5 .
5.7
, , .
, . , , .
, , .
5.8 2013
1 2013.01.24 /15
, , , 0.75 , 12.5 .
2 2013.01.24 24/-9
, ,
, , , .
3 2013.03.06 -40
.
4 2013.03.06 -41
, .
5 2013.03.06 -42
.
6 2013.03.06 -43
.
-2013
70 2013
7 2013.03.06 -44
.
8 2013.03.11 -51
.
9 2013.04.02 -6
, , - , , , .
10 2013.04.05 76/-66
, .
11 2013.04.05 -67
, , , 1.0 , 11.5 .
12 2013.04.19 24/-77
, , , ,
, , , , , , .
13 2013.05.07 -84/, /39, 540
.
14 2013.05.17 -101
, , , , .
-2013
71 2013
15 2013.05.21 111/-105/131
, , , , , , , , , , , .
16 2013.05.24 -105, 118
,
.
17 2013.05.28 -109
.
18 2013.06.12 -121 /158/360
, , , ,
, , , , , , , , , , , /, , /- .
19 2013.06.14 -122
, 2013 -2/06 , , , 2013 4 13- - .
20 2013.06.24 /136
1.0 , 10.5 .
21 2013.12.13 -236 , ,
, , , .
-2013
72 2013
6
( )
2013 12 31
74
2013 12 31
.
. 2013 12 31- , .
, 2- .
, , , , .
(5-91 ) , , , .
:
. ( )
, : 2014 4 28
2013
75
2013 12 31
_____________________________________________________________________________________________
() 2013 12 31- , , , , .
, , .
. . .
. . , . , .
, .
2013
76
2013 12 31
()
_____________________________________________________________________________________________
2013 12 31- , , .
, 40 . .
X
, : 2014 4 28
2013
77
2013 12 31- _____________________________________________________________________________________
2013 2012
3 132,717 59,349 4 (255,387) (104,773) (122,670) (45,424)
, / () 5 (66,805) 20,753 / () 6 21,278 (23,694) (14,381) (10,267) 10 (6,529) (453) 8 4,205 3,297 ()/ 7 23,508 (88,616) 9 (89,678) (36,990) (251,072) (181,394)
: - /() 425 (837)- (135) 453
290 (384) 290 (384)
: 4,263 -
4,263 -
4,553 (384)
(246,519) (181,778)
.
2013 12 31
2013
78
2013 12 31-
2013
2012
11 63,691 28,317 ,
12 1,951,095 3,272,979
-
13 953,530 142,553
14 1,529,215 2,123,953 15 287,169 439,669 16 - 159,210 ,
17 405,896 -
18 2,787,461 202,488 19 208,227 7,421 20 28,446 26,631 8,214,730 6,403,221
841,129 828,450 21 1,627,017 752,151 ,
22 1,710,024 2,959,686
, 23 2,497,197 1,371,671 24 1,774,807 576,414 25 158,707 62,481 8,608,881 6,550,853
26 5,000 5,000 (424,209) (302,685) 27 25,058 150,053 (394,151) (147,632)
8,214,730 6,403,221
X .
2013 12 31
2013
79
2013 12 31-
c
c
c
c
2012 01 01- 5,000 (91,799) 120,945 34,146
(181,394) (384) (181,778) 27 - (29,492) 29,492 -
2012 12 31- 5,000 (302,685) 150,053 (147,632)
(251,072) 4,553 (246,519) 27 - 129,548 (129,548) -
2013 12 31- 5,000 (424,209) 25,058 (394,151)
.
2013 12 31
2013
80 2013
2013 12 31-
2013 2012
(251,072) (181,394) : ()/ 5 23,021 (15,291) ()/ 6 264,438 (14,201) 31 67,214 399 6,664 - 9 3,618 - (56) -x
9 - 17,895
9, 20 151 8 9, 20 2,038 1,800 - 88,616 3,000 2,000
135 453
3 (132,717) (59,349)X 4 255,387 104,773 241,821 (54,291) : ()/ 129,479 (156,293) ()/ 594,738 (1,353,135) ,
- 155
, (405,896) - (2,566,817) (59,614) - (1,320) ()/ (198,023) 523 : /() 884,812 (138,009) , /
() (1,315,175) 1,810,983
, 1,125,525 356,441 13,921 297 /( )
(1,495,615) 405,737
2013 12 31
81 2013
2013 12 31- ()
2013 2012
118,384 53,406 (261,116) (92,493) /()
(1,638,347) 366,650
20 (3,951) (2,574) 66 138 (2,953,721) (137,970)
2,153,898 203,371
149,931 -
(653,777) 62,965
12,679 115,099 (222,920) - 1,235,512 471,002 1,025,271 586,101
(19,808) (3,350)
, /() (1,286,661) 1,012,366
, 3,300,601 2,288,235
, 11 2,013,940 3,300,601
.
2013 12 31
82 2013
1.
( ) , . 1924 06 02- : , - 46, 3, 15160.
17 , .
, , .
. , , .
. :
, ; ,
; ( ); ; ; , ;
; , ,
; .
, , , , , , ( ) , .
.
2013 12 31- 2014 4 28- .
2013 12 31
83 2013
2. Y
2.1
, " . , .
()- (C)- .
. 12 ( ) 12 ( ) 32- .
, , , . , .
2.2
2013 01 01- - .
1, ( ) 1- 7, : ,
7- 10, , 27
2013 12 31
84 2013
2.2 ()
()
11, , 28 12, 13, 19, (2011 ) 27, (2011 ) 28, (2011 )
.
13 . 13 - . 13- ( )- . 13- 31- .
. .
9, 3 9, 7, 39( ), 9, 7,
393- 10, 12, 27 (2011), 10, 12, 27 (2011)-
1 19 , 19
: 2
2013 12 31
85 2013
2.2 ()
32 , 32 : - 1 39 , 39 :
1 21, 1 , 2010-2012 2011-2013 , 2013 12 -
4
1 2014 01 01- 2 2014 07 01- 3 4 2014 07 01-
, .
2.3
. . . . . , .
. .
:
2013.12.31 2012.12.31
. 1,654.10 1,392.10 2,555.93 2,145.90 2,275.63 1,835.83 272.88 223.39
2013 12 31
86 2013
2.3 ()
-
(i)
, ( ) . , , .
(ii) ,
. , . / .
, , . .
2013 12 31
87 2013
2.3 ()
(iii)
. . .
2013 12 31- .
(iv) ,
. . :
, , , ;
, ;
.
, . . , .
2012 2013 12 31- , .
2013 12 31
88 2013
2.3 ()
(v)
. , . , .
, . .
( ) " "- . , . " " . . . , - .
(vi)
, , , " " . . , . " "- . .
2013 12 31
89 2013
2.3 ()
(vi) ()
( ) . .
2012 2013 12 31- .
(vii)
, , . :
, ;
;
.
, - . , . " "- . .
2013 12 31
90 2013
2.3 ()
(viii)
, , . ' ', ' ', , , , . . . ( ) . . , ( ) .
, . , .
(ix)
, , , . , . .
, .
2013 12 31
91 2013
2.3 ()
(ix) ()
.
. , .
(i)
( , ) . :
,
" ,
,
.
, . . , .
.
2013 12 31
92 2013
2.3 ()
(ii)
, . . .
,
('')- . , . . . ' ' ' ' .
, (' ')- . . .
( , ) - .
. , , , .
2013 12 31
93 2013
2.3 ()
()
. . ( ) . .
31- .
. " "- " " .
, , , .
(i)
( , , , )- (), ( ) . ( , ) . , , .
2013 12 31
94 2013
2.3 ()
(i) ()
( ) . , . . - . , . , . .
, . . , .
, , , , .
, . , .
, , .
2013 12 31
95 2013
2.3 ()
(ii)
, .
. , ( ) . . - . .
, .
( )- . , .
, , , . .
2013 12 31
96 2013
2.3 ()
-
, ( ).
,
.
. :
(i)
, , " , " , ( , ) .
( : ) . , . .
(ii)
, . .
2013 12 31
97 2013
2.3 ()
,
, . 11- . . .
. . . , , -. . , , . ( 15- ).
. . - .
( , , ) , .
2013 12 31
98 2013
2.3 ()
, .
. . . . .
. . . .
, , .
25-60 , 8-10 , 5-10 6-8
, , , , .
. ( ), .
2013 12 31
99 2013
2.3 ()
, . .
. .
. . . .
.
, , 3
.
. . ( ) . . , . .
2013 12 31
100 2013
2.3 ()
()
( )- .
. . , . ( ) . ( ) .
(i)
. .
(ii)
, , . , .
( ) , . .
2013 12 31
101 2013
2.3 ()
. 26- .
/, () /, ( ) . 27- . , , () / .
2.4
, . , . :
31,612 (2012: 26,261 )- . 24,064 (2012: 20,433 )- . 0.75 1 , . . . , . .
. . .
2013 12 31
102 2013
2.4 ()
, . . 31- .
. . . , . 100 .
, . , . , , .
2013 12 31
103 2013
2.4 ()
18- 2012 11 . , . x , .
0.5 4 .
, .
. :
;
;
. , ;
. .
.
. .
2013 12 31
104 2013
2.4 ()
()-
()- - . . :
- ,
- - ,
- .
- - . - , . :
- ;
- ;
- ;
- , , , .
- . - - . - .
2013 12 31- . ( ) ..
2013 12 31
105 2013
2.4 ()
. 2013 12 31- . .
, , .
25-60 . .
2013 12 31
106 2013
3.
2013 2012
114,582 20,022 6,741 17,279 - 15,753 ,
7,706 3,489
- 3,012 1,157 676 1,649
132,717 59,349
4.
2013 2012
109,243 84,351 55,127 10,042 80,247 9,778 10,769 602
255,387 104,773
5. , /()
2013 2012
(36,980) 3,604 (23,021) 15,291 (6,804) 1,858
(66,805) 20,753
6. /()
2013 2012
/() (264,438) 30,225 /() 293,963 (38,839) (8,247) (15,080)
21,278 (23,694)
2013 12 31
107 2013
7. ()/
2013 2012
( 19) 5,244 (51) ( 18) 11,860 (88,565) ( 16) 6,404 -
23,508 (88,616)
8.
2013 2012
3,452 2,452 601 502 152 343
4,205 3,297
9.
2013 2012
9,983 7,788 16,484 3,274 /
( 20) 2,038 1,800
5,564 4,66234,069 17,524
50,000 - 3,618 - 151 8 1,840 1,563
- 17,89555,609 19,466
89,678 36,990
2013 12 31
108 2013
10.
2013 2012
(6,664) - /
() 135 (453)
(6,529) (453)
11.
2013 2012
63,691 28,317 ,
( 12) 1,592,170 2,789,889 247,620 387,748 110,459 94,647
2,013,940 3,300,601
.
12.
2013 2012
1,592,170 2,789,889 247,620 387,748 110,459 94,647 738 604 , 104 87 4 4
1,951,095 3,272,979
., , , - , 92 (2012 90 ), .
.
2013 12 31
109 2013
12. , ()
397,703 738 (2012 604 ) . 25- .
- . 2013 12 31- 43.2 (2012 44.1 ) .
. ( 24- ) .
, . . . , , 29- .
13. -
2013 2012
- 494,187 -- 290,149 - 166,110 139,469 - , 3,084 3,084
953,530 142,553
2013 12 31- 0.3 . (527 )- , 100.1 . (165,583 )- . - - .
2013 12 31
110 2013
13. - ()
()
- .
- .
,
, , . . .
2012 2013 12 31- .
14.
2013 2012c c
- 503,177 2,031,631 1,026,038 92,322
1,529,215 2,123,953
-
- . 100,000 . - ( ) . 2013 12 31- 304.2 . (503,177 )- . , 0.17 .
2013 12 31
111 2013
14. ()
, ( 21) . , 12.5 , .
15. ,
2013 2012c c
251,440 271,909 305 42
, 30,127 115,472, 5,297 52,246
287,169 439,669
16.
2013 2012
( ) - 165,614 : - (6,404)
- 159,210
2013 .
2013 2012
01 01- 6,404 6,404 ( 7) (6,404) -12 31- - 6,404
2013 12 31
112 2013
17. ,
2013 2012
405,000 - 896 -
405,896 -
, 365 , 4 7 . 2013 .
18.
2013 2012
2,770,573 188,360 77,630 89,490 16,888 14,128
2,865,091 291,978 : (77,630) (89,490)
2,787,461 202,488
2012 11 2,770,573 (, , ) , . . x , ( ) .
0.5 4 .
2008 12 12- . , - .
2013 12 31
113 2013
18. ()
147.9 . 6 . 7 9.75 . 90 , . 186.3 . 2008 12 12- .
, 2009 7 28- 6 12 . 2009 2010 2011 . 2010 2011 .
2012 12.5 , 2013 11.8 .
2010 2012 12 31- . , . 2012 100 . ( 7- )
- ()- 1,103 (2012 1,406 ) () 5,225 (2012 500 ) .
- , , , . 10 . .
2013 12 31
114 2013
18. ()
- 9,846 (2012 5,435 ) , , 701 (2012 623 ) .
, . 1.25 - 1.75 . 3 - . . , . 22- .
, -- () 14 .
2013 .
2013 2012
01 01- 89,490 925 - 89,490 (11,860) (925)12 31- 77,630 89,490
2012 2013 12 31- , .
2013 12 31
115 2013
18. ()
.
.
19.
2013 2012
204,912 - 44,821 43,896 14,461 12,169 ( 30) 2,803 834 : (59,282) (56,065)
124 6,438 617 368 : (229) (219)
208,227 7,421
119.9 85 . 119.9 2023 9 30- 85 2014 12 25- .
31,358 (2012 26,632 )- . . 2012 2013 12 31- .
2013 12 31
116 2013
19. ()
()
2005-2007 23- , , , . , - 2003 02 26- 99 .
.
, , .
2012 2013 :
2013 2012
01 01- 56,065 56,154 8,461 (140) - 218 (5,244) (167)12 31- 59,282 56,065
.
2013 12 31
117 2013
20.
,
2012
01
01
-
23
,804
533
8,04
832
,385
2,26
834
,653
81
4-
1,65
22,
466
108
2,57
4
--
(152
)(1
52)
-(1
52)
--
(472
)(4
72)
-(4
72)
499
(499
)-
--
-
2012
12
31
-
25
,117
349,
076
34,2
272,
376
36,6
03
2012
01
01
-
3,
354
-4,
213
7,56
71,
083
8,65
0
38
9-
1,14
01,
529
271
1,80
0
--
(14)
(14)
-(1
4)
--
(464
)(4
64)
-(4
64)
2012
12
31
-
3,
743
-4,
875
8,61
81,
354
9,97
2
2012
12
31
-
21,3
7434
4,20
125
,609
1,02
226
,631
2013 12 31
118 2013
20.
(
)
,
2013
01
01
-
25
,117
349,
076
34,2
272,
376
36,6
03
1,
414
725
1,81
23,
951
-3,
951
--
(1,6
04)
(1,6
04)
(75)
(1,6
79)
--
(411
)(4
11)
-(4
11)
25,6
49-
-25
,649
-25
,649
(5,4
48)
--
(5,4
48)
-(5
,448
)
2013
12
31
-
46
,732
759
8,87
356
,364
2,30
158
,665
2013
01
01
-
3,
743
-4,
875
8,61
81,
354
9,97
2
54
5-
1,22
91,
774
264
2,03
8
20
,138
--
20,1
38-
20,1
38
--
(1,5
94)
(1,5
94)
(75)
(1,6
69)
--
(260
)(2
60)
-(2
60)
2013
12
31
-
24
,426
-4,
250
28,6
761,
543
30,2
19
2013
12
31
-
22,3
0675
94,
623
27,6
8875
828
,446
2013 12 31
119 2013
20. ()
5 . 2013 12 31- .
2013 12 31- 15,684 (2012 14,899 )- .
2,504 (2012 1,641 )- 24 - .
21.
2013 2012
1,627,017 752,151
. 7-28 2013 12 31- 10.50-10.88 (2012 : 13.25-17.25 ) . , .
22.
2013 2012
(restated) - () 16,015 13,443 - A (A) 8,049 6,990 - () 7,548 6,187 , 1,678,412 2,933,065
1,710,024 2,959,686
.
2013 12 31
120 2013
22. ()
( ) ( ) . .
- 1995 2003 . 0.75 , 30 . 2005 2012 .
- , , , , . 1 (2012 : 1 ) 27- 30 .
- . - .
- . , , . 18- . 2- .
1 3 .
, 33- .
2013 12 31
121 2013
23. ,
2013 2012
: - 1,748,766 842,958 - 711,641 528,713 36,790 -
2,497,197 1,371,671
. .
8.5 .
24.
2013 2012
HSBC- 238 389
1,649,346 470,788
("") No.1 287 272 No.2 7 6 () 124,620 104,628
104 87- 34 34 160 210- 11 -
1,774,807 576,414
HSBC-
HSBC 10 . 2005 HSBC 1.75 . 20- .
2013 12 31
122 2013
24. ()
6 . 200 - (SHIBOR) .
- - . - - - . ( 12- ). 124,620 (2012 104,628 ) 48,757 (2012 48.757 )- .
()- .
25.
2013 2012
16,388 2,000
10,395 7,030 ( 30) 70,017 1,233 7,850 6,545
9,525 9,209 44,532 36,464
158,707 62,481
. . 2012 12 31- (2012 12 31-: ).
2013 12 31
123 2013
25. ()
. , , , . 2012 2013 12 31- .
2014 . 30- .
, .
2008 . 2008 , . 2009 ( ) . 2012 2013 .
, . . . .
2013 12 31
124 2013
26.
2013 2012
5,000 5,000
100 . .
()- 40 , ( 60%) . 40 . . . 2012 2013 .
27.
.
2013 .
, .
.
2013 12 31
125 2013
27.
(
)
2012
2013
.
2012
01
01
-
42
7,78
892
,326
20,7
8912
0,94
5
(8
37)
--
-(8
37)
45
3-
--
453
--
14,2
0115
,291
29,4
92
2012
12
31
-
(3
42)
7,78
810
6,52
736
,080
150,
053
2013
01
01
-
(3
42)
7,78
810
6,52
736
,080
150,
053
425
--
-42
5
(1
35)
--
-(1
35)
-
-(1
06,5
27)
(23,
021)
(129
,548
)
-4,
263
--
4,26
3
2013
12
31
-
(5
2)12
,051
-13
,059
25,0
58
2013 12 31
126 2013
28.
, . , .
2013 2012
11,677 -
(279,320) (61,856)
(545,760) (89,356)
(813,403) (151,212)
. . () 2,594 .
. . , - 44,532 (2012 36,464 ) , 25- .
2013 12 31- , . . .
2013 12 31
127 2013
28. ()
2011 5 / - . , .
() , , . . , - .
, . 3 - 6 . 10 , - 2 . , . , 200 - () . , .
3.9 2013 12 31- 6 1,637,280 . (2012: 2.1 , 469,119 ). 2 545,760 (2012: 0.4 89,356 ) 2013 12 31- .
25- , 2013 12 31- , . .
2013 12 31
128 2013
29.
. , . . . .
(, , ), , . . , . , , , - . , , , , , .
. , .
. , , , .
. , , .
. , . , , , , , .
2013 12 31
129 2013
29. ()
()
- , . . , , , , , , . , , , .
. . , . .
. ("") , , . , , , .
, . :
- ;
- ;
- ;
-
, . , . , , .
2013 12 31
130 2013
29. ()
()
. , , , , .
,
, , , , ()- . , , , , ; ; , , - .
. . 2013 , . . . , , , .
. , , . . , .
2013 12 31
131 2013
29. ()
, , . . . , . , .
( ) . .
( ) . - . () .
. :
1. ;
2. ;
3. , () ;
4. , ;
5. ;
6. .
. .
2013 12 31
132 2013
29. ()
()
. , , .
.
, , . . , . .
2013 12 31
133 2013
29.
(
)
.
.
,
-
2013
12
31
-
A
AA
AA
AB
,
1,51
8,16
832
1,86
715
-4
-1,
840,
054
92
2,69
29,
814
1,68
6-
19,3
38-
953,
530
50
3,17
7-
-68
2,46
134
3,57
7-
1,52
9,21
5
-
--
--
--
,
--
-18
0,34
222
5,55
4-
405,
896
--
-1,
468,
035
1,31
9,42
677
,630
2,86
5,09
1
31
2,22
7-
-20
5,49
359
,282
267,
033
2,94
4,06
833
3,90
81,
701
2,33
0,83
82,
113,
392
136,
912
7,86
0,81
9
2013 12 31
134 2013
29.
(
)
20
12
1
2
31-
AA
AA
AA
B
,
2,6
62,8
11
514
,910
5
6 -
4
- 3
,177
,781
1
14,7
37
1,4
70
26,
346
142
,553
2
,031
,630
-
- 6
2,95
9 2
9,36
3 -
2,1
23,9
52
-
- -
159
,210
-
6,4
04
165
,614
,
-
- -
- -
- -
- -
- 1
09,9
61
92,
527
89,
490
291
,978
-
836
-
- -
56,
065
56,
901
4,8
09,1
78
517
,216
5
6 3
32,1
30
148
,240
1
51,9
59
5,9
58,7
79
(
)
.
.
2013 12 31
135 2013
29. ()
()
28- ( ) . . . . ( 28- ). .
. 18- . . ( 28- ).
. , . . . .
. :
- ;
- , .
2013 12 31
136 2013
29. ()
()
. - .
2012 2013 12 31- .
2013. 2,772,425 (1,184,119) 1,107,134 2,695,440 4,414,883 (4,281,298) (929,257) (795,673) 213,169 (2,848,227) (245,091) (2,880,149) 209,787 (33,461) - 188,003 110,459 (132,669) - (22,210) 175,113 (5,034) - 170,080
7,895,836 (8,484,808) (67,214) (644,509)
2012. 4,929,204 (2,699,439) (229,440) 2,000,325 448,020 (3,143,102) 229,041 (2,466,041) 44,301 (475,012) - (430,711) 295,929 (69,909) - 226,020 94,647 (111,549) - (16,902) 114,224 (4,936) - 109,288
5,926,325 6,503,947 (399) (578,021)
- , . .
2013 12 31
137 2013
29. ()
()
2013 2013 2012 2012
. 15% 404,316 5% 100,016(15%) (404,316) (5%) (100,016)
15% (432,022) 5% (21,536)(15%) 432,022 (5%) 21,536
15% 26,449 5% 11,301(15%) (26,449) (5%) (11,301)
15% (3,331) 5% (845)(15%) 3,331 (5%) 845
15% 25,512 5% 5,464(15%) (25,512) (5%) (5,464)
() - .
. .
. , . . (investment horizon) . 1 , (1 ), 5%- , .
2013 12 31
138 2013
29.
(
)
.
,
,
:
1
1
6
6
12
12
2013
7,89
8,63
83,
871,
839
1,92
6,55
650
0,88
298
7,81
961
1,54
2
(8
,554
,825
)(6
,699
,647
)(1
,699
,778
)(7
78)
(29,
476)
(125
,146
)
(6
56,1
87)
(2,8
27,8
08)
226,
778
500,
104
958,
343
486,
396
2012
5,93
0,33
44,
926,
610
50,0
0023
8,43
830
1,44
241
9,84
4
(6
,505
,180
)(2
,616
,574
)(6
94,9
04)
-(1
15,0
80)
(3,0
78,6
22)
(5
74,8
46)
2,30
4,03
6(6
44,9
04)
238,
438
186,
362
(2,6
58,7
78)
2013 12 31
139 2013
29. ()
: ( 12), - , HSBC ( 25). , .
2013 12 31- 100 (16,517)100 16,517
2012 12 31- 200 (9,382)200 9,382
x () , (x) .
2013 12 31
140 2013
29.
(
)
. 2
013
12
31
-
.
2013
63,6
91-
--
63,6
91
,
-
1,63
9,72
611
0,45
920
0,91
01,
951,
095
-
490
950,
446
-2,
594
953,
530
1,
026,
038
503,
177
--
1,52
9,21
5
-
--
--
,
405,
896
--
-40
5,89
6
2,78
7,46
1-
--
2,78
7,46
1
207,
715
--
-20
7,71
5
4,49
1,29
13,
093,
349
110,
459
203,
504
7,89
8,60
3
84
1,12
9-
--
841,
129
1,62
7,01
7-
--
1,62
7,01
7
,
1,
710,
024
--
-1,
710,
024
,
2,
497,
197
--
-2,
497,
197
-54
712
4,91
41,
649,
346
1,77
4,80
7
10
4,65
0-
--
104,
650
6,
780,
017
547
124,
914
1,64
9,34
68,
554,
824
(2
,288
,726
)3,
092,
802
(14,
455)
(1,4
45,8
42)
(656
,221
)
(2
67,6
43)
(545
,760
)(8
13,4
02)
2013 12 31
141 2013
29.
(
)
. 2
012
12
31
-
.
2012
28,3
17-
--
28,3
17
,
-3,
133,
983
94,6
4744
,349
3,27
2,97
9
-
490
139,
469
-2,
594
142,
553
92
,322
2,03
1,63
1-
-2,
123,
953
15
9,21
0-
--
159,
210
202,
488
--
-20
2,48
8
834
--
-83
4
483,
661
5,30
5,08
394
,647
46,9
435,
930,
334
82
8,45
0-
--
828,
450
752,
151
--
-75
2,15
1
,
2,
959,
686
--
-2,
959,
686
,
1,
371,
671
--
-1,
371,
671
-72
010
4,90
647
0,78
857
6,41
4
16
,808
--
-16
,808
5,
928,
766
720
104,
906
470,
788
6,50
5,18
0
(5
,445
,105
)5,
304,
363
(10,
259)
(423
,845
)(5
74,8
46)
(6
1,85
6)-
-(8
9,35
6)(1
51,2
12)
2013 12 31
142 2013
29. ()
, . 2012 2013 12 31- .
. . ( - - )- , . , , , . . :
- ( ): , . , . , ( ) ( )-, 12 .
- : ( ) .
. :
- (1 ) ;
- (1 ) 6 .
2013 12 31
143 2013
29. ()
()
100,000 . 50,000 . 400,000 . .
2013 12 31- . . . .
. . . .
. .
2013 12 31
144 2013
29.
(
)
(
)
201
3
1
2
31-
:
1
1
6
6
12
12
2013
84
1,12
9-
--
841,
129
1,63
0,50
0-
--
1,63
0,50
0
1,67
9,23
098
097
432
,497
1,71
3,68
1
,
2,
497,
197
--
-2,
497,
197
125,
223
1,67
5,35
6-
238
1,80
0,81
7
34
,633
--
-34
,633
:
-
(7
52,6
90)
(354
,444
)-
-(1
,107
,134
)
-
77
0,33
040
4,01
8-
-1,
174,
348
82
5,08
0-
--
825,
080
7,
650,
632
1,72
5,91
097
432
,735
9,41
0,25
1
2013 12 31
145 2013
29.
(
)
(
)
201
2
1
2
31-
:
1
1
6
6
12
12
2012
82
8,45
0-
--
828,
450
524,
500
237,
500
-76
2,00
0
2,93
9,26
664
7723
,804
2,96
3,21
1
,
1,
371,
671
--
-1,
371,
671
105,
237
470,
788
-38
957
6,41
4
15
,575
--
-15
,575
:
-
(1
88,6
38)
(115
,577
)-
-(3
04,2
15)
-
18
8,20
311
6,41
1-
-30
4,61
4
15
1,21
2-
--
151,
212
5,93
5,47
670
9,18
677
24,1
936,
668,
932
2013 12 31
146 2013
29. ()
()
. . .
. ( )- . .
( ) . . .
2013 12 31
147 2013
29.
(
)
201
3
1
2
31-
:
1
1
6
6