Halyk Bank of Kazakhstan OJSC and its APF have signed memorandum about cooperation with Akimats of Akmola and North-Kazakhstan oblasts

/IRBIS, March 20, 03/ - Press-service of Halyk Bank of Kazakhstan OJSC (Almaty), whose shares and bonds at present are traded at Kazakhstan stock exchange (KASE) in highest listing category, today spread information, which says that on March 20 of this year the bank and APF of Halyk Bank of Kazakhstan CJSC (Almaty, APF) had signed three-power Memorandum about cooperation with Akimats of Akmola and North-Kazakhstan oblasts. According to the bank's information the sides intend to realize joint programs on small and medium business crediting, financing of long-term projects of agroindustrial complex, power engineering and building, manufacturing and other branches of industry of Akmola and North-Kazakhstan oblasts. Besides, the bank informs about its intentions to develop in the regions the complex cash-settlement service for budget organizations on specially worked out tariffs, optimized systems utility payments, payment system development. Within the framework of the signed Memorandum the APF plans priority examination of long-term projects on investing of enterprises of agroindustrial complexes and other branches of Akmola and North- Kazakhstan oblasts, which have access for attracting pension assets. During the preliminary negotiations there were presented potential possibilities of each Memorandum's participant and given concrete expressions to major course of the programs of crediting and serving the oblasts' managing subjects. The press-release also notes that at present two branches of Halyk bank are situated in Akmola oblast - in Astana and Kokshetau cities. Kokshetau regional network of bank's servicing consists of 5 regional branches and 19 cash settlement offices. Volume of loans, which are given to small and medium business according to results of 2002 was more than 550 m. that is KZT1.5 times as much than in corresponding period of last year. Sum of given guarantees to enterprises for participation in tenders on state purchases was KZT18 m. About 70 enterprises of the region successfully master credit resources of Halyk Bank of Kazakhstan OJSC. Total sum of given credits on the program of co-financing with Akimat of Kokshetau oblast for supporting of small business by the bank's Regional branch was KZT40 m. that created more than 500 workplaces. Taking into account agricultural orientation of the region, the branch actively credits producers of agricultural goods. In 2002 Kokshetau branch of Halyk Bank of Kazakhstan OJSC gave credits to producers of agricultural goods in the amount of KZT276 m. for carrying out of spring-field works and harvesting works. Credits of Halyk Bank of Kazakhstan OJSC provide enterprises, organizations and population of Zerendinskiy region of Akmola oblast with energy. The bank's North-Kazakhstan branch network consists of 12 regional branches and 20 cash-settlement offices. Volume of loans, which were given to small and medium business, according to results of 2002 was KZT854 m. About 270 enterprises of the region successfully assimilate credit resources of the bank. Besides, Halyk Bank of Kazakhstan OJSC informed about some results of its activity as of March 1 of 2003 in compliance with Kazakhstan accounting standards. Assets are equal to KZT220 bn ($1.4 bn), authorized capital - KZT9.882 bn, shareholders' equity - KZT21.9 bn. Net profit of Halyk Bank of Kazakhstan OJSC, according to Kazakhstan accounting standards, equaled to KZT712.4 m. In comparison with similar period of 2002 there is increase by 57.5%. Demand deposits in total deposit base, which is equal to KZT72.062 bn or $474.1 m were equal to KZT17.905 bn, term deposits - KZT54.157 bn. The bank's branch network comprises 624 structural branches, including 20 oblast and regional, 147 district and 457 cash-settlement offices. The network of payment cards service is 365 cash dispensers, 1410 POS- terminals and 852 imprinters. [2003-03-20]