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RNS Number : 0854Y JSC Halyk Bank 28 December 2023
Halyk Bank (Halyk) partially prepaid KZT40billion of historical state support
funds received by Kazkommertsbank (KKB) in 2015
Halyk announces a KZT40billion partial prepayment of state support funds
received by KKB in the form of a deposit from Kazakhstan Sustainability Fund
JSC (KSF).
Previously, on 5(th) of June, 2023, Halyk prepaid part of the KSF deposit in
the amount of KZT28.4billion. Thus, the total amount of funds returned to the
state ahead of the schedule in 2023 amounted to KZT68.4billion.
Let us recall that state support funds in the form of a deposit for
KZT250billion 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 transferred to the balance sheet of the merged bank.
The return of funds on the KSF deposit for KZT68.4billion was carried out
ahead of the maturity, which is 2037, established by the agreement concluded
between KKB and Problem Loans Fund JSC.
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 14,249.6bn as at September 30, 2023, Halyk Bank is
Kazakhstan's leading lender. The Bank has the largest customer base and
broadest branch network in Kazakhstan, with 571 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 - Stable);
· BBB: (Outlook - Stable)
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