The completion of the sale of the subsidiary

JSC Halyk Bank

18 April 2024

 

18 April 2024

Joint Stock Company "Halyk Bank of Kazakhstan"

Press Release

The completion of the sale 100% of the subsidiary's shares in Kyrgyzstan

Halyk Bank of Kazakhstan Joint Stock Company (LSE: HSBK; KASE: HSBK, HSBKd; AIX: HSBK, HSBK.Y) announces the completion of the sale of 100% of the shares of  Halyk Bank Kyrgyzstan OJSC to the consortium of buyers, which are the part of Visor International DMCC investment group ("Visor").

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

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 15,494.4bn as at 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 and Uzbekistan.

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

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For further information, please contact:

Halyk Bank
Almas Makhanov	[phone]  [e-mail]
Hatiryam Nizamova	[phone] [e-mail]
Aziz Bektemisov	[phone] [e-mail]

 

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