/KASE, March 12, 2020/ – Halyk Savings Bank of Kazakhstan (Almaty),
whose securities are officially listed on Kazakhstan Stock Exchange (KASE),
has informed KASE about the following:
quote
Joint Stock Company 'Halyk Savings Bank of Kazakhstan' and its subsidiaries
(together "the Bank") (LSE: HSBK) releases consolidated financial information
for the year ended 31 December 2019.
Net income increased by 31.6% to KZT 334.5bn for 12M 2019 compared to
KZT 254.2bn for 12M 2018 mainly due to net interest income growth in 12M
2019. For 12M 2018 the Bank had higher loss from impairment of non-financial
assets of KZT 27.3 bn compared to 7.4bn for 12M 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_120320_1.pdf – in Russian;
-
http://kase.kz/files/emitters/HSBK/hsbk_reliz_120320_eng_1.pdf – in English.
[2020-03-12]