REG - JSC Halyk Bank JSC Halyk Bank-37QB - Sale of 100% Shares of Halyk Bank Kyrgyzstan OJSC

Halyk Bank AOAnnouncement

10/11/2023 12:15

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RNS Number : 1230T  JSC Halyk Bank  10 November 2023

 

_____________________________________________________________________________

 

Press Release

on Reaching an Agreement on Sale of 100% Shares

of Halyk Bank Kyrgyzstan OJSC

 

10 November 2023

 

 

 

Halyk Bank of Kazakhstan Joint Stock Company (LSE: HSBK; KASE: HSBK, HSBKd;
AIX: HSBK, HSBK.Y) announces that it has reached an agreement with a
consortium of buyers, which are the part of Visor International DMCC
investment group ("Visor") to sell 100% shares of Halyk Bank Kyrgyzstan OJSC
(the "Bank").

 

The transaction is expected to be completed after obtaining the consent from
the National Bank of the Kyrgyz Republic.

 

Halyk Bank Kyrgyzstan OJSC provides services to current and potential
customers in a normal course of business, ensuring safety of customers' funds
and fulfillment of its obligations.

 

Visor Group intends to retain the Bank as a separate legal entity, and to
continue its development in Kyrgyzstan.

 

***

 

Halyk Bank JSC is a leading financial group in Kazakhstan operating in a
variety of segments, including retail, SME and corporate banking, insurance,
leasing, brokerage, and asset management. The Bank has been listed on
Kazakhstan Stock Exchange since 1998, on London Stock Exchange since 2006, and
on Astana International Exchange since October 2019. With assets of KZT
14,241.5 billion as at 30 June 2023, Halyk Bank is Kazakhstan's leading
lender. The Bank has the largest customer base and branch network with 570
branches and outlets across the country. The Bank also operates in Georgia,
Kyrgyzstan, and Uzbekistan.

 

Currently, Halyk Bank is continuing the development of its subsidiaries across
the Halyk Group. During 2023, within the aim of strategic development and
expansion of business in Uzbekistan, Tenge Bank started project on
digitalization of SME products, Kazteleport JSC and Halyk Finservice LLP
opened their subsidiaries in Uzbekistan, as well as marketplace Tenge Market
was launched.

 

In October 2023, Halyk Bank completed the acquisition of a 50% share in the
private company Open Networks Ltd., that will enable the Bank to expand its
activities in the development of its own digital infrastructure and strengthen
its presence in the online market - ticket sales, providing of related
financial services, improvement of service quality, and to focus on the
development of the Bank's own services.

 

Visor Group is an international investment group with investments in
telecommunications, trade, pharmaceutical, energy, financial and other
industries in Central Asia and internationally.

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