Halyk savings bank of Kazakhstan JSC announced about completion of stabilization actions within the frameworks of global GDR offer
/KASE, December 15, 06/ - Halyk savings bank of Kazakhstan JSC (Almaty), securities of which are traded in Kazakhstan stock exchange's (KASE) official "А" listing category, today spread a press release of the following content:
Quotation start
**Not designed for the public extension on the territory of the United States of America (including all controllable territories), Canada, Japan or Australia**
Present press release is an advertisement, not an offering circular. Any subscription for any securities, mentioned in the present message, must be based exclusively on the information that is given in the offering circular of Halyk Bank of Kazakhstan JSC, which is published owing to inclusion of global depository receipts that represent shares of Halyk Bank of Kazakhstan JSC in the official list of the Listing Agency of Great Britain.
For immediate distribution on December 15, 2006
HALYK BANK OF KAZAKHSTAN JSC ANNOUNCES ABOUT THE COMPLETION OF STABILIZATION ACTIONS
Today Halyk Bank of Kazakhstan JSC (Halyk Bank or Bank) announces about receiving of a notification from Credit Suisse Securities (Europe) Limited, acting as the Manager on price stabilization of global depository receipts (GDR) within the frameworks of the Global Offer, that stabilization actions have been completed and all 4,250,000 GDR were sold in full volume. Organizers of GDR issue will not use option, in accordance with which Holding company Almex JSC must purchase GDR that were bought at the market as a result of stabilization actions.
Total number of the Global Offer totaled 46,750,000 GDR or USD748 m., including an additional GDR offer.
The Bank is one of leading banks of Kazakhstan with the biggest base of retail clients and branch network in Kazakhstan. The Bank is developing as a universal financial group, which renders a wide range of services (banking services, pension services, insurance, leasing, broker services and management of assets) to retail and corporate clients, clients of small and medium-sized business.
International investment banks Credit Suisse and Deutsche Bank, as well as company Halyk Finance acted as the Joint Global Coordinators of the Global Offer. Credit Suisse and Deutsche Bank acted as the joint Organizers of the Global Offer.
Contact people: Halyk Bank Dauren Karabayev, Managing director + 7 327 259 88 66 Galym Pirmatov, Managing director + 7 327 259 60 81 Aynur Ilyasova, Chief of Administration of financial institutions +7 327 259 04 27 Credit Suisse Securities (Europe) Limited +44 20 7888 8888 Nick Koemtzopulos Deutsche Bank AG (London Branch) +44 20 7545 8000 Daniel Yakubovits Julian Masedo
Notes
Information about Halyk Bank
The Bank represents one of leading financial groups in Kazakhstan with the biggest client base and branched network. The Bank is developing as a universal financial group, which renders a wide range of services (banking services, pension services, insurance, leasing, broker services and management of assets) to retail and corporate clients, clients of small and medium-sized business.
As of September 30, 2006, in accordance with data, published by the Agency for financial supervision and regulation of the banking sector (AFS), the Bank had the biggest base of retail deposits in Kazakhstan (21.7% of the total market volume), the biggest portfolio on the market of high growth mortgage crediting (21.8% of the total market volume), and also issued the largest number of charge cards (50.1% of the total market volume). Besides, the Bank is the third biggest bank in Kazakhstan on size of assets. As of September 30, 2006, deposits of retail clients of the Bank totaled KZT207.511 m., whereas the total amount of borrowed deposits totaled KZT481.631 m., amount of mortgage credits totaled KZT97.248 m., whereas the total amount of credits gross was KZT540.613 m., total amount of assets totaled KZT797.012 m. For 9 months, ending on September 30, 2006, Bank's net income after income tax payment totaled KZT18.263 m., net operation income (net interest income plus net commission income and non-interest income) totaled KZT40.072 m. As of September 30, 2006, amount of owners' equity was KZT86.708 m.
As of September 30, 2006, total number of retail clients of the Bank totaled about 5.9 m. people (the largest client base in Kazakhstan), approximately 62,000 clients of small and medium-sized business and about 300 corporate clients. Having the most branched network of retail sales in Kazakhstan, as of September 30, 2006, the Bank renders services to its clients through the network of 593 branch offices and departments, including regional and district branch offices in all 14 regions of Kazakhstan, as well as through the most extensive network of about 700 automated teller machine. Alternative channels of distributing banking services include Internet-banking and mobile banking, as well as sales through terminals, installed at cashers' offices in central trade centers and supermarkets of Kazakhstan. Besides, the Bank uses sales channels of its other business directions, primarily pension funds and insurance business.
The main directions of activity of the Bank are retail banking, corporate banking, and also serving the enterprises of small and medium business. The bank has the daughter companies, operating in following fields: pension fund, insurance, leasing, broker services and assets management. In compliance with the data of AFS, as of September 30 2006, the pension fund of Halyk bank took the biggest market share in Kazakhstan (approximately 27%), at the same time the insurance business segment has the biggest network of sales.
The bank offers the broad range of retail banking products and services, including executing the current accounts, fixed deposits, consumer credits, mortgage credits, debit и and credit cards, travels checks, exchange currency, Internet- banking and mobile banking, cash dispenser operation. The segment of the corporate business of the bank provides the range of banking services and products (including, crediting, salary projects, operation-cash serving) for corporate clients and clients of small and medium business, financial institutes and governmental enterprises.
Financial results
---------------------------------------------------------------------------
September 30, December 31, December 31, December 31,
2006 2005 2004 2003
-------------------------------------------------------
M. tenge
---------------------------------------------------------------------------
Total assets 797,012 559,665 393,254 249,523
Credits, net value 504,383 411,097 254,590 163,888
Clients' deposits 481,631 320,630 231,501 154,846
Equity capital 86,708 64,444 35,568 21,796
---------------------------------------------------------------------------
--------------------------------------------------------------------------
September 30 December 31
---------------- -----------------------
2006 2005 2005 2004 2003
M. tenge
------------------------------- -----------------------------------------
Interest income, net value 22,839 11,555 19,259 12,237 10,637
Commission income, net value 14,403 11,021 15,248 9,318 6,803
Operation income, net value 40,072 26,188 38,926 24,620 20,259
The net income 18,263 11,440 15,828 8,093 7,498
after payment of the income tax
--------------------------------------------------------------------------
Official exchange rate as of December 7 2006 made KZT127.98 per 1 US dollar.
Some information, given in the existing press release, can contain forecasts or other assumptions regarding near-term events and the financial future of the bank's position. These suppositions have such definitions as "expect", "suppose", "forecast", "estimate", "intend", "may happen", similarly, the text can enclose rejection of these definitions as well, or other like expressions. The Bank draws the attention that these statements reflect forecasts, and the practical events can be completely different from the above-said. The bank does not plan to renew the data for reflection of events or affairs, which took place after this press release to be published. Many factors such as general economic events, the competitive environment, state risks, and also many other affairs, concerning the operation activity of the bank, can lead to considerable departure from the predicted indicators.
Neither the present press release nor its copies can be distributed directly or indirectly on the territory of the USA (including all areas of any of the states, and also the district of Columbia), Australia, Canada and Japan. The given press release is not the offer or invitation to sell or promotion of the purchase. The distribution of the given press release or any other information, relative to the procedure of the shares offering can be prohibited in compliance with the legislation of some jurisdiction, and entities, which received the given information, must follow the imposed limitations. Failure to follow these limitations is the violation of the legislation about the securities of this jurisdiction.
The present message is addressed only to (i) entities, being out of border of the Kingdom of Great Britain, (ii) investment specialists, operating on the basis of the article 19(5) of the legal statement about financial services and markets 2000 ("Financial promotion") Issue 2005 ("Issue") or (iii) enterprises with the high capitalization and for others, who can have approach to this message on the legal basis in compliance with the article 49(2)(a) to (d) of the Issue (to be together titled "The corresponding persons"). GDR can be distributed only among the Corresponding persons. Any person, who is not under the title, must not come to approach with this message or to rely upon its context.
In connection with the Global Offering, Credit Suisse Securities (Europe) Limited ("Stabilizing manager") or any other person, representing on behalf of the Stabilizing manager, can redistribute GDR or execute the deal for the purpose of keeping the market price for GDR at the level, exceeding the possible price level besides the deal. At that, undertaking of any kind of measures by the Stabilizing Manager (or by any other entity, operating on behalf of Stabilizing manager) is not secured. Any stabilizing activities can be undertaken after terms of GDR offering to be published, and if such measures are going to be initiated, they can be stopped any time, however, not later than 30 day subsequent to announcement of GDR offering price. All stabilizing activities or redistribution must be made in compliance with the applicable legislation.
The given document represents an advertisement, which is spread with a view to introduce Offering Circular Directives, it is not an offer or a part of offer to sell or issue securities. The offering circular, prepared in accordance with the Offering Circular Directives, is designed for publication, and after publication, may be received in compliance with applicable rules, any acquisition or application for acquisition of securities must be performed on the basis of the information in the Offering circular.
Presented materials are not an offer for sale, intention to sell or subscription for securities of Halyk Bank in the United States of America. Securities of the Bank cannot be offered or sold in the United States of America at the absence of the corresponding registration or exclusion from registration according to acting Law about Securities dated 1933. The Bank did not register and is not planning to register a part of issue in the United States of America, as well as conduct public offering of any securities in the United States of America.
Information, which contains in the present press release, is not public offering or advertising announcement of GDR offering in Kazakhstan, and also does not appear as the offer to sell GDR in Kazakhstan. GDR are not registered in Kazakhstan, as well, they are not going to be registered, and they are not liable to be offered or to be circulated in Kazakhstan.
Quotation end
[2006-12-15]