/KASE, September 21, 2021/ – Halyk Savings Bank of Kazakhstan (Almaty),
whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has
provided with the following press release dated September 21, 2021:
quote
On September 17, 2021, S&P Global Ratings ("S&P") has upgraded Halyk Bank's
("Bank") ratings to BB+/B from BB/B, the outlook is Stable. The upgrade was
based on the Bank's demonstrated resilience to adverse operating conditions,
strong track record of operating performance, and significant progress in
reducing nonperforming loans. S&P believes that the improving operating
environment should be supportive for the Bank's progress in maintaining its
asset quality metrics.
The stable outlook on Halyk reflects the S&P’s expectation that the Bank will
retain its market position and continue to demonstrate strong earnings capacity
in the next 12-18 months.
unquote
Th complete press release is available on KASE website at:
-
https://kase.kz/files/emitters/HSBK/hsbk_reliz_210921_1.pdf – in Russian;
-
https://kase.kz/files/emitters/HSBK/hsbk_reliz_210921_eng_1.pdf – in English.
[2021-09-21]