/KASE, March 12, 2021/ – Halyk Savings Bank of Kazakhstan (Almaty), whose
securities are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press release dated March 12, 2021:
quote
Joint Stock Company 'Halyk Savings Bank of Kazakhstan' and its subsidiaries
(together 'the Bank') (LSE: HSBK) releases consolidated financial statements
and independent auditors' report for the year ended 31 December 2020.
Net profit attributable to common shareholders increased by 5.4% to KZT
352.7bn for 12M 2020 compared to KZT 334.5n for 12M 2019 mainly due to
increase in net insurance income and gain from derivative operations and
securities.
Increase in interest income on loans to customers was partially offset by the
decrease in interest income on securities due to transfers in placement from
high-yielding NBRK notes into low-yielding FX deposit with NBRK following the
repayment of SWAP agreement with NBRK for the amount of USD912 mln. As a
result, interest income increased by 3.2% to KZT733.2 bn for 12M 2020
compared to KZT710.3 bn for 12M 2019. Interest expense for 12M 2020
increased by 6.9% to KZT333.7 bn vs. KZT312.3 bn for 12M 2019 mainly due to
the increase of average balance and share of KZT deposits in the amounts due
to customers. Net interest margin decreased to 4.7% p.a. for 12M 2020
compared to 5.3% p.a. for 12M 2019 mainly due to transfers in placement from
high-yielding NBRK notes into low-yielding FX deposit with NBRK following the
repayment of SWAP agreement.
unquote
The full press release is available on KASE website:
-
https://kase.kz/files/emitters/HSBK/hsbk_reliz_120321_1.pdf – in Russian;
-
https://kase.kz/files/emitters/HSBK/hsbk_reliz_120321_eng_1.pdf – in English.
[2021-03-12]