/KASE, November 19, 2021/ – Halyk Savings Bank of Kazakhstan, whose securities
are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE
with the following press release dated November 19, 2021:
quote
Joint Stock Company "Halyk Savings Bank of Kazakhstan" and its subsidiaries
(together "the Bank") (LSE: HSBK) releases consolidated financial information
for the nine months and third quarter ended 30 September 2021.
Net profit attributable to common shareholders increased by 21.4% to KZT
107.7bn for 3Q 2021 compared to KZT 88.7bn for 3Q 2020 as a result of the
overall business growth across all segments.
Interest income for 3Q 2021 increased by 27.3% to KZT 229.7bn compared to
KZT 180.5bn for 3Q 2020 mainly due to increase in average balances of loans to
customers. Interest expense for 3Q 2021 increased by 3.4% to KZT 90.9bn
compared to KZT 87.9bn for 3Q 2020 mainly due to the increase of average
balance and share of KZT deposits in the amounts due to customers, which was
partially offset by the decrease in interest expense on debt securities as a
result of a redemption of Bank’s high-yielding Eurobonds.
Net interest margin increased to 5.3% p.a. for 9M 2021 and to 5.5% p.a. for 3Q
2021 compared to 4.8% p.a. for 9M 2020 and to 4.2% p.a. for 3Q 2020 mainly
due to the improved structure of placement of interest-bearing liabilities into
interest-earning assets and due to savings on coupon payments as a result of an
early redemption of Bank’s high-yielding Eurobonds.
Cost of risk on loans to customers in 3Q 2021 was at more normalized level of
0.9%.
Fee and commission income increased by 11.3% in comparison to 3Q 2020
mainly due to growing volumes of transactional banking, mainly in plastic card
operations.
unquote
The full press release is available on KASE website:
-
https://kase.kz/files/emitters/HSBK/hsbk_reliz_191121_1.pdf – in Russian;
-
https://kase.kz/files/emitters/HSBK/hsbk_reliz_191121_eng_1.pdf – in English.
[2021-11-19]