JSC Halyk Bank (HSBK) JSC Halyk Bank - S&P Global Ratings Upgrades Halyk Bank to 'BB+/B' from 'BB/B', outlook Stable 21-Sep-2021 / 12:33 CET/CEST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
-----------------------------------------------------------------------------------------------------------------------
On September 17, 2021, S&P Global Ratings ("S&P") has upgraded Halyk Bank's ("Bank") ratings to BB+/B from BB/B, the outlook is Stable. The upgrade was based on the Bank's demonstrated resilience to adverse operating conditions, strong track record of operating performance, and significant progress in reducing nonperforming loans. S&P believes that the improving operating environment should be supportive for the Bank's progress in maintaining its asset quality metrics.
The stable outlook on Halyk reflects the S&P's expectation that the Bank will retain its market position and continue to demonstrate strong earnings capacity in the next 12-18 months.
***
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 11,002.4 bn as at 30 June 2021, Halyk Bank is Kazakhstan's leading lender. The Bank has the largest customer base and broadest branch network in Kazakhstan, with 592 branches and outlets across the country. The Bank operates in Georgia, Kyrgyzstan, Russia and Uzbekistan.
For more information on Halyk Bank, please visit https://www.halykbank.com
- ENDS-
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.: 122645 EQS News ID: 1234899 End of Announcement EQS News Service =------------------------------------------------------------------------------------
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1234899&application_name=news
(END) Dow Jones Newswires
September 21, 2021 06:33 ET (10:33 GMT)
