Halyk Savings Bank of Kazakhstan discusses potential deal with Kazkommerzbank

/KASE, January 20, 2017/ – Halyk Savings Bank of Kazakhstan (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated January 20, 2017: quote JSC Halyk Bank (hereinafter - the Bank) hereby declares that it has entered into preliminary discussions with JSC Kazkommerzbank (hereinafter – KKB) and the majority shareholder of KKB regarding a potential transaction. Currently it is too early to comment on terms and conditions of a potential transaction, if one takes place. When it comes to considering or entering into any potential transactions, the Bank adheres to the principles of commercially fair conditions in accordance with international standards, taking into account the interests of the Bank’s shareholders and other stakeholders. The Bank is a systemically important financial institution in the Kazakh market, with the highest credit ratings among the local commercial banks in Kazakhstan without foreign ownership. It is also the most profitable and stable bank in the country with rapidly growing assets, a sound credit portfolio whose quality is improving, as well as strong profitability*. *according to regulatory reporting PR Department of Halyk Savings Bank of Kazakhstan Tel. +7 727 2 590 816, pr@halykbank.kz unquote [2017-01-20]