/KASE, March 15, 2024/ – Halyk Bank of Kazakhstan JSC (Almaty), whose
securities are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press release dated March 15, 2024:
quote
Joint Stock Company 'Halyk Bank of Kazakhstan' and its subsidiaries (together
"the Bank") (LSE: HSBK) releases consolidated financial information and
independent auditors' report for the year ended 31 December 2023.
...
Net profit attributable to common shareholders increased to KZT 693.4bn in 12M
2023, up 21.8% compared with KZT 569.5bn in 12M 2022 mainly due to
significant increase in lending and transactional businesses despite one-off
negative effect from the accelerated amortization of discount (net of tax
effect) in the amount of KZT 24.8bn on the deposit of Kazakhstan Sustainability
Fund (KSF), which was partially prepaid by the Bank in December 2023 (partial
prepayment of state support funds received by KKB in the form of a deposit from
KSF in 2015).
Interest income for 12M 2023 increased by 33.8% vs. 12M 2022 mainly due to
increase in average rate and balances of loans to customers.
Interest expense for 12M 2023 increased by 48.6% vs. 12M 2022 mainly as a
result of the growth in average rate on amounts due to customers and increase in
the share of KZT amounts due to customer, as well as one-off negative effect
from above mentioned accelerated amortization of discount in the amount of KZT
24.8 bn on the deposit of KSF. Consequently, net interest income for 12M 2023
grew by 21.1% vs. 12M 2022.
unquote
The complete press release is available on:
-
https://kase.kz/files/emitters/HSBK/hsbk_relizs_150324.pdf – in Russian;
-
https://kase.kz/files/emitters/HSBK/hsbk_relizs_150324_en.pdf – in English.
[2024-03-15]