REG - JSC Halyk Bank JSC Halyk Bank-37QB - Fitch Ratings affirms rating at “BBB-”

Halyk Bank AOAnnouncement

22/09/2025 13:15

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RNS Number : 2842A  JSC Halyk Bank  22 September 2025

Fitch Ratings affirms Halyk Bank's investment grade rating at "BBB-"

 

Almaty, September 22, 2025 - On September 17, 2025 international rating agency
Fitch Ratings, has affirmed Halyk Bank's Long-Term Foreign- and Local-Currency
Issuer Default Ratings at 'BBB-'. Outlook "Stable".

Fitch Ratings highlights that Halyk Bank's dominant market share in
Kazakhstan's banking sector, robust profitability, adequate capitalization,
and solid liquidity are key factors supporting the rating. According to the
Agency, the Stable Outlook reflects its view that Halyk's credit metrics will
remain strong in the medium term.

Furthermore, Fitch emphasizes Halyk Bank's strong positions in both corporate
and retail lending, and a well-balanced portfolio. It also noted that the
bank's asset quality has improved markedly over the past five years. The
Agency also expects the bank to remain highly profitable in 2025-2026, due to
the consistently high net interest margin, excellent operational efficiency,
and a low cost of risk.

"The affirmation of Halyk's credit rating by Fitch Ratings reflects the bank's
effective performance amid a changing economic environment and external
challenges. The Agency's assessment underscores Halyk's financial stability
and reliability as a leading player in Kazakhstan's banking market. It also
reaffirms the market's trust and confidence in Halyk" - as noted in the Bank's
statement.

About Halyk Bank

Halyk Bank is the leading financial services group in Kazakhstan, with a
diversified presence across retail, SME, and corporate banking, as well as
insurance, leasing, brokerage, asset management and lifestyle services. Halyk
Bank has been listed on the Kazakhstan Stock Exchange since 1998, the London
Stock Exchange since 2006, and the Astana International Exchange since 2019.

As of 30 June 2025, Halyk Bank had total assets amounting to KZT 19,616bn,
making it the largest lender in Kazakhstan. The Bank boasts the country's one
of the largest customer base and the most extensive branch network, with 542
branches and service outlets across nationwide. Additionally, the Bank
operates in Georgia and Uzbekistan.

 

For more information on Halyk Bank, please visit https://www.halykbank.com
(https://www.halykbank.com)

 

- ENDS-

 

For further information, please contact:

 Halyk Bank

 Mira Tiyanak           +7 727 259 04 30

                        Ir@halykbank.kz (mailto:Ir@halykbank.kz)

                        MiraK@halykbank.kz (mailto:MiraK@halykbank.kz)

 Rustam Telish          +7 727 330 15 66

                        RustamT3@halykbank.kz (mailto:RustamT3@halykbank.kz)

 Yekaterina Svanbayeva  +7 727 330 12 88

                        EkaterinaS@halykbank.kz (mailto:EkaterinaS@halykbank.kz)

 Kustubayeva Laura      +7 727 259 60 27

                        LauraKus@halykbank.kz (mailto:LauraKus@halykbank.kz)

 

 

 

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