/KASE, May 17, 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 May 14, 2021:
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 2021.
Net profit attributable to common shareholders increased by 19.4% to KZT
96.8bn for 1Q 2021 compared to KZT 81.1bn for 1Q 2020 mainly due to increase
in net insurance income, net fee and commission income and decrease in credit
loss expense. Interest income for 1Q 2021 increased by 8.0% to KZT 193.6bn
compared to KZT 179.3bn for 1Q 2020 mainly due to increase in average
balances of loans to customers. Interest expense for 1Q 2021 increased by
14.4% to KZT 86.1bn compared to KZT 75.3bn for 1Q 2020 mainly due to the
increase of average balance and share of KZT deposits in the amounts due to
customers and due to accelerated amortisation of discount on Bank’s Eurobonds
in the amount of KZT 5bn due to its full prepayment on 1 March 2021. Net
interest margin decreased to 4.7% p.a. for 1Q 2021 compared to 5.3% p.a. for
1Q 2020 mainly due to transfers in placement from high-yielding NBRK notes
into low-yielding FX deposit with NBRK following the repayment of SWAP
agreement and due to accelerated amortisation of discount on Bank’s Eurobonds
in the amount of KZT 5bn due to its full prepayment on 1 March 2021.
The full press release is available on KASE website:
– in Russian;
– in English.