/KASE, May 19, 2025/ – Halyk Bank of Kazakhstan JSC (KASE ticker – HSBK) has announced the following:

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May 19, 2025

Joint Stock Company 'Halyk Bank of Kazakhstan' and its subsidiaries (together "the Bank") (LSE: HSBK; KASE: HSBK, HSBKd; AIX: HSBK, HSBK.Y) releases interim condensed consolidated statements for the three months ended 31 March 2025.

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Net income attributable to common shareholders for 1Q 2025 is up 54.5% year- on-year thanks to increase in lending and transactional businesses and due to the base effect of one-off recognized loss in a view of expected early repayment of the deposit of KSF in accordance with the IFRS in 1Q 2024. The net income growth adjusted to this base effect would be 19.1%.

Interest income* for 1Q 2025 was up 26.8% vs. 1Q 2024 mainly due to increase of balances of loans to customers.

Interest expense for 1Q 2025 increased by 23.4% vs. 1Q 2024 mainly as a result of the increase in average balances of amounts due to customers, as well as the growth in the share of KZT amounts due to customers.

* Interest income calculated using the effective interest method and other interest income

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Full version of the press release in Russian – see more

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[2025-05-19]