DJ JSC Halyk Bank: S&P Global Ratings Reaffirms Halyk Bank's Rating at 'BB/B' On High Operating Resilience; Outlook Stable
JSC Halyk Bank (HSBK)
JSC Halyk Bank: S&P Global Ratings Reaffirms Halyk Bank's Rating at 'BB/B' On High Operating Resilience; Outlook Stable
28-May-2021 / 15:42 CET/CEST
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S&P Global Ratings Reaffirms Halyk Bank's Rating at 'BB/B' On High Operating Resilience; Outlook Stable
On May 27, 2021, S&P Global Ratings affirmed its 'BB/B' long- and short-term issuer credit ratings and its 'kzA+'
Kazakhstan scale rating on Halyk Savings Bank of Kazakhstan. The outlook is stable.
S&P Global Ratings has noted that the Bank has reduced its stock of problem assets substantially over the past several
years, and believes that this will continue despite COVID-19-related stress. As a result, the rating agency revised
their assessment of the Bank's risk position to adequate from moderate.
About Halyk Bank
Halyk Bank is Kazakhstan's leading financial services group, operating across a variety of segments, including retail,
SME & corporate banking, insurance, leasing, brokerage and asset management. Halyk Bank has been listed on the
Kazakhstan Stock Exchange since 1998, on the London Stock Exchange since 2006 and Astana International Exchange since
October 2019.
With total assets of KZT 10,389.6 bn as at 31 March 2021, Halyk Bank is Kazakhstan's leading lender. The Bank has the
largest customer base and broadest branch network in Kazakhstan, with 600 branches and outlets across the country. The
Bank operates in Georgia, Kyrgyzstan, Russia, Tajikistan and Uzbekistan.
For more information on Halyk Bank, please visit https://www.halykbank.com
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For further information, please contact:
Halyk Bank
+7 727 259 04 30
Mira Kassenova
MiraK@halykbank.kz
+7 727 259 04 53
Margulan Tanirtayev
Margulant@halykbank.kz
+7 727 330 16 77
Nurgul Mukhadi
NyrgylMy@halykbank.kz -----------------------------------------------------------------------------------------------------------------------
ISIN: US46627J3023
Category Code: MSCL
TIDM: HSBK
Sequence No.: 108174
EQS News ID: 1202216
End of Announcement EQS News Service
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(END) Dow Jones Newswires
May 28, 2021 09:43 ET (13:43 GMT)
