/KASE, December 8, 09/ - Halyk Bank of Kazakhstan (Almaty), listing on the
Kazakhstan Stock Exchange (KASE), provided KASE with a press release dated
December 8, 2009:
Quotation begins
Joint Stock Company 'Halyk Savings Bank of Kazakhstan' and its subsidiaries
("the Bank") (LSE: HSBK) releases its unaudited interim financial information
for the nine months ended 30 September 2009 prepared in accordance with
International Accounting Standard 34. "Interim Financial Reporting" and reviewed
by Deloitte LLP, Kazakhstan. Total assets increased by 29.3 percent during the
nine months ended 30 September 2009. Amounts due to customers increased by
53.6 percent during the nine months ended 30 September 2009. Loans to
customers decreased by 3.1 percent to KZT 1,151.8 billion from KZT 1,188.3
billion as at YE2008. Retail loans decreased by 9.0 percent to KZT 315.3 billion
from KZT 346.6 billion as at YE2008 Total equity increased by 44.6 percent to
KZT 276.2 billion from KZT 191.1 billion as at YE2008.
Net interest income before impairment charge increased by 5.3 percent to KZT
70,446 million from KZT 66,924 million for the nine months ended 30 September
2008. Net fee and commission income increased by 47.9 percent to KZT 28.5
billion from KZT 19.3 billion for the nine months ended 30 September 2008.
Operating expenses decreased by 8.6 percent to KZT 28.4 billion from KZT 31.1
billion for the nine months ended 30 September 2008
Net income for the nine months ended 30 September 2009 was KZT 9.3 billion.
Net interest margin decreased to 5.5 percent from 5.9 percent for the nine
months ended 30 September 2008.The ratio of provisions to gross loans
(provisioning rate) increased to 14.8 percent from 8.8 percent as at YE2008
The ratio of operating expenses to operating income before impairment charge
(cost-to-income ratio) decreased to 25.2 percent from 34.1 percent for the nine
months ended 30 September 2008. The ratio of operating expenses to average
assets (cost-to-assets ratio) decreased to 1.9 percent from 2.4 percent for the
nine months ended 30 September 2008
The ratio of loans to customers* to amounts due to customers (loan-to-deposit
ratio) decreased to 0.86x from 1.37x as at YE2008
Halyk Bank is one of Kazakhstan's leading financial services groups and a
leading retail bank with the largest customer base and distribution network
among Kazakh banks. The Bank is developing as a universal financial group
offering a broad range of services (banking, pensions, insurance, leasing,
brokerage and asset management) to its retail, small and medium enterprise and
corporate customers. The Bank is also present through its wholly-owned
subsidiaries in Russia, Georgia and Kyrgyzstan. The Bank is rated by the three
main rating agencies: Moody's Investor Service (Ba2), Fitch Ratings (B+) and
Standard&Poor's (B+).
Consolidated financial statements are available at
http://www.halykbank.kz/bank/reports
Press Service
Halyk Bank of Kazakhstan
tel. +7 727 2 590 816,
www.halykbank.kz
Ends
The presentation for the press-conference is available at the KASE website at
http://www.kase.kz/files/emitters/HSBK/hsbk_reliz_081209.pdf
[2009-12-08]