/KASE, May 16, 2023/ – Halyk Savings Bank of Kazakhstan JSC (Almaty),
whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press release dated May 16, 2023:
quote
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 2023.
...
The net profit attributable to common shareholders amounted to KZT 188.2bn in
1Q 2023, up 51.2% compared with KZT 124.5bn in 1Q 2022 mainly due to
significant increase in lending and transactional businesses.
The interest income for 1Q 2023 increased by 49.8% vs. 1Q 2022 mainly due to
increase in average rate and balances of loans to customers. The interest
expense for 1Q 2023 increased by 71.7% vs. 1Q 2022 mainly as a result of the
growth in average rate and balances of amounts due to customers.
Consequently, net interest income for 1Q 2023 grew by 33.2% vs. 1Q 2022.
In 1Q 2023, net interest margin was affected by the increase in average rates on
both loans to customers and amounts due to customers following the significant
increase in interest rates. Furthermore, the share of loans to customers in
total interest-earning assets increased substantially. Moreover, there was an
increase in the average rate and average balances of FX amounts due from credit
institutions and FX interest-earning cash and cash equivalents following the
global increase of USD interest rates. As a result, net interest margin
increased to 6.0% p.a. for 1Q 2023 compared to 5.2% p.a. for 1Q 2022.
unquote
The complete press release is available on KASE website:
-
https://kase.kz/files/emitters/HSBK/hsbk_reliz_160523_.pdf – in Russian;
-
https://kase.kz/files/emitters/HSBK/hsbk_reliz_160523_en.pdf – in English.
[2023-05-16]