/KASE, August 4, 2021/ – Halyk Savings Bank of Kazakhstan (Almaty), whose
securities are officially listed on Kazakhstan Stock Exchange (KASE), has
informed KASE about the decision made by the bank's Board of Directors on
July 30, 2021:
... on the voluntary liquidation of a subsidiary bank in the Republic of
Tajikistan – Closed Joint-Stock Company "Halyk Bank Tajikistan" (hereinafter –
The decision was made on the basis of a comprehensive analysis of the activities
and development prospects of the subsidiary bank. In accordance with the
strategic principle of developing the most promising business areas. The Halyk
Group decided to withdraw from the project in Tajikistan in order to concentrate
resources and focus the Group's efforts on highly efficient and profitable
projects with great potential for further growth.
HBT became part of the Halyk Group as a result of the acquisition of
Kazkommertsbank JSC in 2017. As of March 31, 2021, HBT's share in the assets
of the Halyk Group made up 0.03 %.
This information is available (in Kazakh and Russian) on –
in Russian, Kazakh and English.