JSC Halyk Bank: JSC Kazkommertsbank Ceases to Exist

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JSC Halyk Bank (HSBK) 
JSC Halyk Bank: JSC Kazkommertsbank Ceases to Exist 
 
25-Apr-2019 / 16:28 CET/CEST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
               PRESS RELEASE 
 
JSC Kazkommertsbank Ceases to Exist 
 
                               25 April 2019 
 
       Joint Stock Company Halyk Savings Bank of Kazakhstan (JSC Halyk Bank) 
       reports on the completion of the voluntary reorganization through the 
           Joint-Stock Company Kazkommertsbank's merger into JSC Halyk Bank. 
 
  Joint Stock Co mpany Kazkommertsbank is removed from the National Register 
    of Business Identification Numbers and ceases to exist, according to the 
   Order of the Ministry of Justice of the Republic of Kazakhstan No. 1303-? 
                               dated 22 April 2019. 
 
  JSC Halyk Bank is a successor of all rights and obligations of Joint Stock 
                               Company Kazkommertsbank. 
 
      JSC Halyk Bank is a leading financial group of Kazakhstan operating in 
    various segments, including the provision of banking services to retail, 
   small and medium and corporate clients, insurance, leasing, brokerage and 
 asset management services. Securities of JSC Halyk Bank have been listed on 
   the Kazakhstan Stock Exchange since 1998 and on the London Stock Exchange 
 since 2006. JSC Halyk Bank has the highest ratings awarded by international 
   agencies to Kazakhstan banks: (Moody's - Ba1 / Fitch - BB / S&P - BB). In 
       July 2017, JSC Halyk Bank acquired a controlling stake in Joint Stock 
   Company Kazkommertsbank, the second largest bank in Kazakhstan, and fully 
                               consolidated its assets in July 2018. 
 
 With the assets worth 8.9 trillion tenge, as of 31 December 2018, JSC Halyk 
 Bank is the largest credit institution in Kazakhstan and Central Asia, with 
      the most extensive customer base and branch network - 647 branches and 
         outlets across the country, and it has subsidiary banks in Georgia, 
Kyrgyzstan, Russia and Tajikistan. This year, JSC Halyk Bank plans to open a 
    subsidiary bank in Uzbekistan. More detailed information about JSC Halyk 
Bank is available on the corporate website at: https://www.halykbank.kz [1]. 
 
For further information, please contact: 
 
Halyk Bank 
 
Viktor Skryl          [phone] 
 
                      [e-mail] 
Mira Kasenova         [phone] 
 
                      [e-mail] 
Karashash Karymsakova [phone] 
 
                      [e-mail] 
 
ISIN:          US46627J3023 
Category Code: MSCM 
TIDM:          HSBK 
Sequence No.:  8363 
EQS News ID:   803631 
 
End of Announcement EQS News Service 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=914aa31e7b091982dafabc84b8f5c24f&application_id=803631&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

April 25, 2019 10:28 ET (14:28 GMT)