/KASE, September 14, 2026/ – Halyk Bank of Kazakhstan JSC (KASE ticker – HSBK) announced the following:

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On September 9, 2026 international rating agency Fitch Ratings has affirmed Halyk Bank's Long-Term Foreign- and Local-Currency Issuer Default Ratings at 'BBB-'. Outlook "Stable". The Agency also affirmed the Bank's Viability Rating at 'bbb-' and its National Long-Term Rating at 'AA+(kaz)'.

Fitch Ratings highlights that Halyk Bank's strong market shares in Kazakhstan's banking sector, its profitability, adequate capitalisation and solid liquidity are the key factors supporting the rating.

According to the Agency, the Stable Outlook reflects its view that Halyk's credit metrics will remain strong in the medium term.

Fitch notes that Halyk dominates Kazakhstan's banking sector with about a 29%- 30% market share in assets, loans and deposits, and has a well-established business model with a strong franchise in corporate and retail lending, which supports its superior profitability through the cycle. The Agency also emphasises the balanced structure of the loan book, where corporate lending accounts for about half of gross loans, complemented by retail (34%) and SME (17%) lending, while single-name concentrations are mitigated by the reasonable quality of the largest exposures and sound coverage by hard collateral.

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Full version of the press release in Kazakh – see more

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[2026-09-14]