/KASE, August 28, 09/ - Halyk Savings Bank of Kazakhstan (Almaty),
a company listed on Kazakhstan Stock Exchange (KASE), provided KASE
with a press release:
Quotation beginning
Joint Stock Company 'Halyk Savings Bank of Kazakhstan' and its subsidiaries
("the Bank") (LSE: HSBK) releases its unaudited interim financial information
for the six months ended 30 June 2009 prepared in accordance with International
Accounting Standard 34 "Interim Financial Reporting" and reviewed by Deloitte
LLP, Kazakhstan.
"The year 2009 remains challenging for both international and domestic
markets. Nevertheless, Halyk Bank managed to retain its leading positions
in Kazakhstan banking sector with #1 ranking in deposits, payroll and card
products, distribution platform and pension fund services. The Bank's
successful performance is pillared by its traditionally prudent risk
management policy and conservative approach to liquidity. Controlled
growth, cost-cutting measures, maintenance of adequate loan portfolio
quality and focus on Kazakhstan market remain our top priorities in 2009."
Umut Shayakhmetova, Chairperson of the Management Board
- Assets grew 23.2% in KZT terms reducing 1.0% in USD terms in H1 2009*;
- Total amounts due to customers increased 37.0% in KZT terms and
increased 10.0% in USD terms in H1 2009*;
- The total net loans to customers increased 1.8% to KZT1,210.0 bn from
KZT1,188.3 bn as at YE2008;
- Retail loans decreased 6.2% to KZT325.3 bn from KZT346.6 bn as at
YE2008;
- Total equity increased 40.9% to KZT269.3 bn from KZT191.0 bn as at
YE2008;
- Net interest income before impairment charge increased 21.4% to
KZT48,139 m from KZT39,645 m in H1 2008;
- Net fee and commission income increased 40.5% to KZT19.2 bn from
KZT13.6 bn in H1 2008;
- Operating expenses decreased 6.6% to KZT19.0 bn from KZT20.4 bn in H1
2008;
- Net income in H1 2009 reached KZT4.3 bn;
- Net interest margin increased up to 5.8% from 5.4% in H1 2008;
- The ratio of provisions to gross loan portfolio (provisioning rate) increased
up to 12.9% from 8.8% as YE2008;
- The ratio of operating expenses to operating income before impairment
charge decreased down to 24.6% from 35.1% in H1 2008;
- The ratio of operating expenses to average assets decreased to 1.9% from
2.5% in H1 2008;
- The ratio of net loans to customers to amounts due to customers decreased
to 1.02х from 1.37х as at December 31, 2008.
* Amounts in USD were converted at exchange rates KZT150.43 = USD1.00 and
KZT120.79 = USD1.00, which were exchange rates on June 30, 2009 and December 31,
2008, accordingly.
Contact:
Atinova Asel asela@halykbank.kz +7 727 259 04 30
Skryl Victor viktorsk@halykbank.kz +7 727 259 04 64
Perehoda Elena elenaper@halykbank.kz +7 727 330 1719
Quotation end
The full version of the press release is available at the KASE website at:
-
http://www.kase.kz/files/emitters/HSBK/hsbk_reliz_280809.pdf - in Russian;
-
http://www.kase.kz/files/emitters/HSBK/hsbk_reliz_280809e.pdf - in English.
[2009-08-28]