/KASE, September 15, 2026/ – Halyk Bank of Kazakhstan JSC (KASE ticker: HSBK) has announced the following:

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On September 9, 2026 Moody's Ratings (Moody's, the Agency) has affirmed the long-term local and foreign currency deposit ratings of Halyk Bank (the Bank) at Baa1. The outlook on the Bank's long-term deposit ratings is stable. The Agency also affirmed the Bank's long-term Counterparty Risk Assessment at Baa1(cr), its long-term local and foreign currency Counterparty Risk Ratings at Baa1, its short-term local and foreign currency deposit ratings and CRRs at Prime-2 and short-term CR Assessment at Prime-2(cr), as well as its Baseline Credit Assessment (BCA) and Adjusted BCA at ba1.

The affirmation reflects the Bank's strong capital and profitability and good liquidity. Halyk's TCE/RWA ratio stood at 18.5% as of June 2026, with a liquidity buffer equal to 27% of total assets, while the Bank's return on average assets has exceeded 4% since 2024. Moody's expects capital adequacy, profitability and liquidity to remain strong over the next 12-18 months.

Halyk's strong franchise, underpinned by its systemic importance and reputation as a safe haven among Kazakh banks, supports strong fee generation, low funding costs and high profitability. Problem loans increased to 8.6% of gross loans as of June 2026, and the Agency expects asset quality to stabilise at around 8%-9% over the next 12-18 months, supported by prudent underwriting and improving borrower creditworthiness amid continued economic growth.

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Full version of the press release in Qazaq – see more

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[2026-09-15]