Halyk Savings Bank of Kazakhstan reports consolidated financial results for the three months ended 31 March 2020

/KASE, May 29, 2020/ – Halyk Savings Bank of Kazakhstan (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE as follows: quote Joint Stock Company ‘Halyk Savings Bank of Kazakhstan’ and its subsidiaries (together “the Bank”) (LSE: HSBK) releases consolidated financial information for the three months ended 31 March 2020. Umut Shayakhmetova, the CEO of Halyk Bank commented: «The coronavirus pandemic presents an unprecedented social and economic challenge which is having a significant impact on people and businesses in Kazakhstan and around the world. We are entering these turbulent times confident in the soundness of our business model and strategy. Our operational model driven by technological and digital developments demonstrates agility by being able quickly put into live new online services. Robustness of the Bank’s balance sheet keeps our clients and partners safe and confident that they would be able to get necessary support from us. On the financial results side - despite the tightening operating environment and related to it increase in credit loss expenses, the Bank earned KZT 81.1bn for 1Q 2020 which resulted in strong RoAE at 24.1%.” unquote Full version is available on KASE website at: - https://kase.kz/files/emitters/HSBK/hsbk_reliz_290520_1.pdf – in Russian; - https://kase.kz/files/emitters/HSBK/hsbk_290520_en.pdf – in English. [2020-05-29]