/KASE, November 18, 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 November 18, 2024:
quote
Joint Stock Company 'Halyk Bank of Kazakhstan' and its subsidiaries (together
"the Bank") (LSE: HSBK; KASE: HSBK, HSBKd; AIX: HSBK, HSBK.Y) releases
interim condensed consolidated financial information for the nine months ended
30 September 2024.
...
Net income attributable to common shareholders for 9M 2024 is up 18.3% year-
on-year thanks to notable increase in lending and transactional businesses.
Interest income for 9M 2024 was up 30.3% vs. 9M 2023 mainly due to increase
in average rate and balances of loans to customers.
Interest expense for 9M 2024 increased by 27.9% vs. 9M 2023 mainly as a result
of the growth in average rate on amounts due to customers and growth in the
share of KZT amounts due to customers. Consequently, net interest income
before credit loss expense for 9M 2024 grew by 32.7% vs. 9M 2023.
In 9M 2024 net interest marginwas affected by the increase in average rates on
both loans to customers and amounts due to customers. Furthermore, net
interest margin was positively impacted by the increase in the share of higher
yielding retail loans in total loan portfolio and share of loans to customers in
total interest earning assets, as well as increase in the share of KZT
interest-earning cash and cash equivalents. As a result, net interest margin
has grown to 7.1% p.a. for 9M 2024 compared to 6.3% p.a. for 9M 2023.
unquote
The complete press release is available on:
-
https://kase.kz/files/emitters/HSBK/hsbk_relizs_181124_1.pdf – in Russian;
-
https://kase.kz/files/emitters/HSBK/hsbk_relizs_181124_en.pdf – in English.
[2024-11-18]