Press room

Joint Stock Company Halyk Savings Bank of Kazakhstan (the “Bank”) (LSE: HSBK; KASE: HSBK, HSBKd; AIX: HSBK, HSBK.Y) announces the resolution adopted by the Bank’s Board of Directors dated 30 July 2021 on voluntary liquidation of Closed Joint-Stock Company Halyk Bank Tajikistan, its subsidiary bank in the Republic of Tajikistan. 

The resolution was adopted based on the comprehensive analysis of the activities and development prospects of the subsidiary bank. Consistent with the strategic principle of developing the most prospective areas of business, Halyk Group chose to exit the Tajikistan project so as to focus its resources and efforts on highly efficient and profitable projects with big potential for further growth.

Halyk Bank Tajikistan joined Halyk Group as a result of the acquisition of JSC Kazkommertsbank in 2017. As of 31 March 2021, its share of Halyk Group's assets was 0.03%.

About Halyk Bank

Halyk Bank is a leading financial group in Kazakhstan, operating in various segments including retail, SME and corporate banking, insurance, leasing, brokerage and asset management. The Bank has been listed on the Kazakhstan Stock Exchange since 1998, on the London Stock Exchange since 2006 and on the Astana International Exchange since October 2019. With assets of 10,390 billion tenge as of 31 March 2021,
the Bank is the leading credit institution in Kazakhstan, which also operates in CIS countries – Georgia, Kyrgyzstan, Russia and Uzbekistan. The Bank has the largest customer base and branch network – 640 branches and offices across the country.