JSC Halyk Bank: Tenge Bank starts its operations in Uzbekistan

JSC Halyk Bank (HSBK) 
JSC Halyk Bank: Tenge Bank starts its operations in Uzbekistan 
 
24-May-2019 / 15:05 CET/CEST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
               Tenge Bank starts its operations in Uzbekistan 
 
                   Central Bank of Uzbekistan issued a license to Tenge Bank 
 
         24 May, 2019, Tashkent, Joint-Stock Commercial Bank "Tenge Bank", a 
  subsidiary of JSC Halyk Bank of Kazakhstan obtained a license from Central 
         Bank of Uzbekistan to conduct banking operations and plans to start 
                               servicing clients in June 2019. 
 
  "We are pleased to inform all our partners and customers that Central Bank 
  of Uzbekistan issued a banking license to the subsidiary Tenge Bank and it 
is ready to start its operations in Uzbekistan in June. The economic reforms 
         carried out in the country make it possible to actively develop the 
 financial services market. We see a wide potential for business and want to 
 support Kazakhstani investments into Uzbek economy. We are ready to provide 
     a full range of high quality services to corporate and retail customers 
  using advanced banking technologies. As the largest bank in the region, we 
    see our mission to promote the expansion of economic relations, increase 
 cooperation and support trade" commented Umut Shayakhmetova, Chairperson of 
                               the Management Board of Halyk Bank. 
 
 Halyk Bank became the first Kazakh bank represented in Uzbekistan. In turn, 
   Uzbekistan is the sixth country where Halyk financial group now operates. 
 
      Tenge Bank will develop as a universal bank that can provide financial 
               services to all categories of corporate and retail customers. 
 
Individuals will be offered savings and lending programs, as well as payment 
           cards. Within a few months Tenge Bank plans to start working with 
 international payment systems - Visa and Master Card. In addition, the Bank 
   plans to launch the mobile application of Homebank Internet platform with 
 wide range of online payment and transfer services for individuals, as well 
       as Onlinebank providing a set of advanced and innovative services for 
                               corporate clients and entrepreneurs. 
 
   Special focus in the activities of Tenge Bank will be placed on servicing 
legal entities, small and medium businesses. In addition to traditional cash 
     settlement services, the bank develops a wide range of deposit and loan 
   products, including trade finance instruments - guarantees and letters of 
         credit to ensure cross-border operations, support export and import 
                               transactions. 
 
     "Taking into account the wide geographical presence in the region among 
       financial groups, we believe that trade finance business has the most 
  potential for the development of not only bilateral cross-border payments, 
   but also between all countries where the Halyk Group is represented" said 
             Aslan Talpakov, Chairman of the Management Board of Tenge Bank. 
 
  The office and branch of the bank will start working in the near future at 
         the following address: Yashnabad district, Parkentskaya street, 66, 
                               Tashkent, 100007 
 
                               About Halyk Bank 
 
  Halyk Bank has been listed on the Kazakhstan Stock Exchange since 1998 and 
  on the London Stock Exchange since 2006. Halyk Bank has one of the highest 
   credit ratings: Moody's - Ba1 / Fitch - BB / S&P - BB). In July 2017, the 
   Bank purchased majority stake in Kazkommertsbank JSC - the second largest 
      Bank in Kazakhstan by total assets - and merged it fully in July 2018. 
 
 With total assets of KZT 8,864.7 billion as at 31 March 2019, Halyk Bank is 
     Kazakhstan's leading lender. The Bank has the largest customer base and 
 broadest branch network in Kazakhstan, with 645 branches and outlets across 
      the country. The Bank also operates in Georgia, Kyrgyzstan, Russia and 
                               Tajikistan. 
 
   For more information on Halyk Bank, please visit https://www.halykbank.kz 
                               [1] 
 
               - ENDS- 
 
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.:  8797 
EQS News ID:   815707 
 
End of Announcement EQS News Service 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=4730ea9b4fc003a3688c4d47ac583595&application_id=815707&site_id=vwd&application_name=news 
 

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May 24, 2019 09:06 ET (13:06 GMT)