REG - JSC Halyk Bank JSC Halyk Bank-37QB - Moody’s has affirmed ratings; outlook - positive

Halyk Bank AOAnnouncement

02/11/2023 12:15

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RNS Number : 2275S  JSC Halyk Bank  02 November 2023

Moody's has affirmed all ratings of Halyk Bank at the sovereign level and
changed outlooks to positive from stable

On 01 November, 2023, Moody's Investors Service (Moody's) has affirmed
long-term deposit ratings of Halyk Bank (Halyk) at Baa2 and changed outlooks
to positive from stable.

As Moody's stated, the affirmation of ratings at the sovereign level reflects
a remaining balance between the Bank's strong capital and profitability and
good liquidity.

The positive outlook reflects Moody's expectations that improving operating
environment will allow Halyk to grow franchise, reduce volatility of funding
base and maintain or improve the key credit metrics at better than historic
levels. Improving sovereign capacity to provide support as reflected in the
positive outlook on the Kazakhstan sovereign bond rating is also reflected in
a positive outlook on Halyk's deposit ratings.

 

About Halyk Bank

 

Halyk Bank is Kazakhstan's leading financial services group, operating across
a variety of segments, including retail, SME & 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 Astana International Exchange since October 2019.

With total assets of KZT 14,241.5bn as at June 30, 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.

 

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

- ENDS-

 

For further information, please contact:

 Halyk Bank

 Mira Tiyanak          +7 727 259 04 30

                       MiraK@halykbank.kz

 Margulan Tanirtayev   +7 727 259 04 53

                       Margulant@halykbank.kz

 Nurgul Mukhadi        +7 727 330 16 77

                       NyrgylMy@halykbank.kz

 

 

 

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