REG - JSC Halyk Bank JSC Halyk Bank-37QB - Full prepayment of state support funds

Halyk Bank AOAnnouncement

08/04/2024 13:30

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RNS Number : 7173J  JSC Halyk Bank  08 April 2024

8 April, 2024

 

Halyk Bank (Halyk) fully prepaid KZT 250 billion of historical state support
funds received by Kazkommertsbank (KKB) in 2015

 

Halyk announces KZT 250 billion full prepayment of state support funds
received by KKB in the form of a deposit from Kazakhstan Sustainability Fund
JSC (KSF).

 

Earlier, in June and December 2023, Halyk prepaid a part of the KSF deposit of
KZT 68.4 billion, and on 8 April 2024, Halyk prepaid the outstanding KSF
deposit of KZT 181.6 billion. Thus, the total amount of funds returned to the
state ahead of the schedule in 2023 and 2024 amounted to KZT 250 billion.

 

As a reminder, state support funds in the form of a deposit of KZT 250 billion
was received by KKB back in 2015. After the merger of KKB with Halyk in 2018,
Halyk became the legal successor of the deposit, and the amount of state
support funds was transferred to the balance sheet of the the merged bank.

 

The KSF deposit funds of KZT 250 billion were repaid ahead of the maturity,
which is 2037, as set forth by the agreement between KKB and Problem Loan Fund
JSC.

 

 

Halyk Bank is Kazakhstan's leading financial services group, operating across
a variety of segments, including retail, SME and corporate banking, insurance,
leasing, brokerage, and asset management. Halyk Bank has been listed on the
Kazakhstan Stock Exchange since 1998, on the London Stock Exchange since 2006,
and on Astana International Exchange since October 2019.

 

With total assets of KZT 15,494.4 billion as of 31 December 2023, Halyk Bank
is Kazakhstan's leading lender. The Bank has the largest customer base and
broadest branch network in Kazakhstan, with 570 branches and outlets across
the country. The Bank also operates in Georgia, Kyrgyzstan, and Uzbekistan.

 

Currently, international rating agencies highly evaluate the reliability and
stability of the Bank:

- Moody's Investors Service: Baa2 (Outlook - Positive);

- Standard and Poor`s: BB+ (Outlook - Positive);

- Fitch Ratings: BBB- (Outlook - Stable).

 

 

 

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