Kazkommertsbank start talks with Halyk Savings Bank of Kazakhstan on potential deal

/KASE, January 20, 2017/ – Kazkommertsbank (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release: quote JSC Kazkommertsbank (“KKB”) and Mr. Kenges Rakishev inform that they have entered into the preliminary negotiations, which are currently at the very early stage, with JSC Halyk Bank (“Halyk Bank”) with respect to the potential transaction between KKB and Halyk Bank. Further information will be provided as and when appropriate. Kazkommertsbank (Qazkom brand) is the largest systemic bank and major payment agent in Kazakhstan. In 2016 the Bank announced new business strategy with focus on SME and retail clients. Implementation of the new strategy resulted in significant increase in loan disbursements to retail and SME clients as well as helped to strengthen technological leadership of Qazkom in innovative banking products. In addition in 2016 the Bank made large-scale transformation of its client service to radically improve service quality in the branches.” Contact details: Alma Buirakulova, Investor Relations Tel.: +7 (727) 258-51-25, investor_relations@qazkom.kz Larissa Kokovinets, Director, Public Relations +7 (7272) 2 585 145, вн. 57625, LKokovinets@qazkom.kz unquote [2017-01-20]