/KASE, December 4, 14/ – Halyk Savings Bank of Kazakhstan JSC (Almaty), whose
securities are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press-release:
quote
In Kazakhstan a transaction between HSBC Bank plc ("HSBC") and Halyk Savings
Bank of Kazakhstan JSC ("Halyk Bank") on purchase of 100% of shares of
subsidiary organization of HSBC in Kazakhstan SB "HSBC Bank Kazakhstan" JSC is
completed. From beginning of December 2014 a new legal entity –"Altyn Bank" JSC
(subsidiary bank of Halyk Bank), operates on Kazakhstan's financial market.
"One of important stages of the outgoing year 2014 was the beginning
consolidation of the country's banking sector, – says Chairman of Management
Board of Halyk Savings Bank of Kazakhstan Umit Shayakhmetova, – At the beginning
of the year we concluded an agreement with HSBC on purchase of its Kazakhstan
subsidiary. As a result of painstaking enduring work and preparation, after
approval by the regulator, the transaction was successfully completed. Today,
Halyk Group acquired another valuable asset, featuring business experience of a
major global financial conglomerate".
unquote
The full press-release is available on KASE website at:
-
http://www.kase.kz/files/emitters/HSBK/hsbk_reliz_031214_1kz.pdf – in Kazakh;
-
http://www.kase.kz/files/emitters/HSBK/hsbk_reliz_031214_1.pdf – in Russian.
[2014-12-04]