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JSC Halyk Bank (HSBK)
JSC Halyk Bank: JSC Kazkommertsbank Ceases to Exist
25-Apr-2019 / 16:28 CET/CEST
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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 +7 727 259 04 27
ViktorSk@halykbank.kz
Mira Kasenova +7 727 259 04 30
MiraK@halykbank.kz
Karashash Karymsakova +7 727 330 01 92
KarashashK@halykbank.kz
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)
