/KASE, December 28, 2023/ – Halyk Bank of Kazakhstan JSC (Almaty), whose
securities are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press release:
quote
Halyk announces a KZT40billion partial prepayment of state support funds
received by KKB in the form of a deposit from Kazakhstan Sustainability Fund
JSC (KSF).
Previously, on 5th of June, 2023, Halyk prepaid part of the KSF deposit in the
amount of KZT28.4billion. Thus, the total amount of funds returned to the state
ahead of the schedule in 2023 amounted to KZT68.4billion.
Let us recall that state support funds in the form of a deposit for
KZT250billion was received by KKB back in 2015. After the merger of KKB with
Halyk in 2018, Halyk became the legal successor of the deposit, and the amount
of state support funds transferred to the balance sheet of the merged bank.
The return of funds on the KSF deposit for KZT68.4billion was carried out ahead
of the maturity, which is 2037, established by the agreement concluded between
KKB and Problem Loans Fund JSC.
unquote
The complete press release is available on:
-
https://kase.kz/files/emitters/HSBK/hsbk_relizs_281223.pdf – in Russian;
-
https://kase.kz/files/emitters/HSBK/hsbk_reliz_281223_en.pdf – in English.
[2023-12-28]