/KASE, March 16, 11/ - Halyk Savings Bank of Kazakhstan (Almaty), securities
of which are officially listed on Kazakhstan Stock Exchange (KASE), provided
to KASE the following press release of March 16, 2011:
quotation
Halyk Savings Bank of Kazakhstan and its subsidiaries that enter to Halyk
Group by results of 2010 received the net income in the size of KZT36.2 bn.
The Bank net income stake in the country banking sector made up 58.1%*.
"In comparison with 2009, the bank consolidated assets increased by 3.7% to
KZT2,098 bn, including liquid assets increase by 14.6% to KZT767.9 bn. Total
equity capital increased by 13.1%. Net interest income made up KZT43.6 bn,
commissions from banking transactions - KZT25.1 bn.
"Halyk Bank's results for the year 2010 were in line with the positive shifts
in Kazakhstan economy. Among our main achievements I would point out the
significant increase of net income, improvements in the loan portfolio quality,
partial repayment of the government funds and change of outlook on the Bank's
ratings by the international rating agencies to "stable". - said the Management
Board Chairperson Umut Shayakhmetova.
Halyk Bank has large market ratio on individuals' deposits (21.6%), individuals'
current accounts (34.7%) that proves confidence of the population in the bank.
The bank actively works on salary projects and as a result the number of served
clients increased b y 3.3 % to 2.1 million.
Significant results have been achieved on development of remote banking,
where products and services through the mobile banking and Internet were
extended and improved.
In 2010, the Bank efforts were aimed at the loan portfolio improvement that
allowed decreasing of non-working loans with arrears over 30 days to 18.0% as
of December 31, 2010 from 19.0% as of December 31, 2009.
The Bank continues implementation of government crisis proof programs and is
the leader on considered and approved applications under the project "Business
Road Map 2020" within the third area "Support of Export Oriented Productions".
Under implementation of the project "Business Road Map 2020" on three main
areas: support of new business initiatives, improvement of entrepreneurship,
support of export oriented productions as of December 31, 2010 Halyk Bank
received 117 applications to the amount of 68 billion 613 million tenge.
On the first area the Bank accepted 37 applications to the amount of KZT7,785
mln, the second - 67 application to the amount of KZT46,402 mln, the third - 13
applications to the amount of KZT14,424 mln. The Bank approved 97
applications to the total amount of KZT61,119 mln, The Ministry of Economy and
Trade approved 50 applications to the total amount of KZT21,934 mln.
For successful participation of Halyk Bank in implementation of government
programs it was awarded the special diploma of the Government of the Republic
of Kazakhstan "Best providing Services Enterprise" for its contribution to the
domestic economy development, support of small, medium and big businesses.
* excluding BTA, Alliance Bank and Temir Bank, and banks with the negative
income
ends
The press release full version is available on KASE website at
http://www.kase.kz/files/emitters/HSBK/hsbk_reliz_160311.pdf
[2011-03-16]