Halyk Savings Bank of Kazakhstan announces consolidated financial results of operations in nine months ended September 30, 2019

15.11.19 19:09
/KASE, November 15, 2019/ – Halyk Savings Bank of Kazakhstan (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following communiqué dated November 15, 2019: quote Joint Stock Company 'Halyk Savings Bank of Kazakhstan' and its subsidiaries (together "the Bank") (LSE: HSBK) releases its condensed interim consolidated financial information for the nine months ended 30 September 2019. Net income increased by 53.3% to KZT 251.4bn for 9M 2019 compared to KZT 164.0bn for 9M 2018 mainly due to net interest income growth in 9M 2019. For 9M 2018 the Bank had higher loss from impairment of non-financial assets of KZT 31.5bn compared to nil for 9M 2019, and in 2Q 2018 there was a de- recognition of tax loss carry forward of KZT 43.3bn by Kazkommertsbank’s (KKB) due to the merger into Halyk Bank. unquote More details are available on KASE website: - http://kase.kz/files/emitters/HSBK/hsbk_reliz_151119_1.pdf – in Russian; - http://kase.kz/files/emitters/HSBK/hsbk_reliz_151119_eng_1.pdf – in English. [2019-11-15]