/KASE, August 17, 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 condensed interim consolidated financial
information for the six months ended 30 June 2020.
Net income decreased by 16.5% to KZT 74.9bn for 2Q 2020 compared to KZT 89.7bn for
2Q 2019 mainly as a result of increase in credit loss expenses.
Interest income slightly increased by 0.3% to KZT 180.5bn for 2Q 2020 compared to
KZT 179.9bn for 2Q 2019 mainly as a result of increase in average balances of
interest-earning assets.
Interest expense decreased by 7.4% compared to 2Q 2019. In comparison with 2Q
2019, net interest margin decreased by 0.1% as a result of decline in interest
rates on FX interbank deposits and increase in share of placement in lower
yielding FX instruments.
Cost of risk increased to 1.0% compared to 0.3% in 2Q 2019 due to the additional
allowances for expected credit losses reflecting the increased risk and uncertainty
from COVID-19 outbreak and lockdown restrictions.
unquote
Full version is available on KASE website at:
-
https://kase.kz/files/emitters/HSBK/hsbk_reliz_170820_1.pdf – in Russian;
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https://kase.kz/files/emitters/HSBK/hsbk_reliz_170820_eng_1.pdf – English.
[2020-08-17]