JSC Halyk Bank (HSBK)
JSC Halyk Bank: Tenge Bank starts its operations in Uzbekistan
24-May-2019 / 15:05 CET/CEST
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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
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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.: 8797
EQS News ID: 815707
End of Announcement EQS News Service
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May 24, 2019 09:06 ET (13:06 GMT)
