Halyk Savings Bank of Kazakhstan announces consolidated financial results for six months ending June 30, 2019

20.08.19 17:51
/KASE, August 20, 2019/ – Halyk Savings Bank of Kazakhstan (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE about the following: quote Joint Stock Company 'Halyk Savings Bank of Kazakhstan' and its subsidiaries (together "the Bank") (LSE: HSBK) releases its condensed interim consolidated financial information for the six months ended 30 June 2019. Net income increased to KZT 89.7bn for 2Q 2019 compared to KZT 24.1bn for 2Q 2018 mainly due to loss from impairment of non-financial assets for KZT 28.5bn in 2Q 2018, as well as Kazkommertsbank's (KKB) de-recognition of tax loss carry forward of KZT 43.3bn in 2Q 2018 due to the merger into Halyk Bank. unquote More details are available on KASE website – http://kase.kz/files/emitters/HSBK/hsbk_reliz_200819_1.pdf [2019-08-20]