/KASE, November 16, 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
(hereinafter – the Bank) (London Stock Exchange ticker: HSBK) publishes
condensed interim consolidated financial information for the nine months and
third quarter ended September 30, 2020.
Net income to ordinary shareholders increased by 1.7% to KZT88.7 bn in the 3rd
quarter of 2020 compared to KZT87.2 bn for the 3rd quarter of 2019 mainly due
to an increase in other non-interest income and a decrease in expenses on credit
losses.
The increase in interest income by 3.0% to KZT180.5 bn in the 3rd quarter of
2020 compared to KZT175.3 bn for the 3rd quarter of 2019 was due to an
increase in interest income on client loans by 12.7% , which was partially
offset by a decrease in interest income on securities due to the flow of funds
from high- yield NBRK notes to a low-yield foreign currency deposit with the
NBRK after the repayment of the SWAP transaction with the NBRK in the amount of
USD912 mln. Interest expenses increased by 20.1% compared to Q3 2019, due to an
increase in the average balances and the share of tenge deposits in customer
accounts and due to the recognition of a discount on receivables for the sale of
assets in installments.
unquote
The complete press release is available on KASE website –
https://kase.kz/files/emitters/HSBK/hsbk_reliz_161120_en.pdf
[2020-11-16]