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11 Dec 2008 12:39
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11Β DecemberΒ 2008
Joint Stock Company 'HalykΒ SavingsΒ Bank ofΒ Kazakhstan'
Business UpdateΒ
Further to the news publishedΒ with reference toΒ the Government of the Republic of Kazakhstan, the National Wealth Fund SamrukKazyna (SamrukKazyna) and the National Bank of the Republic of Kazakhstan onΒ theΒ possible restructuring of the Kazakhstan banks' external debt, Joint Stock Company 'Halyk Savings Bank of Kazakhstan' (Halyk Bank) (LSE: HSBK) hereby informsΒ theΒ investor community that it has sufficient funds to repay its international obligations in accordance with the existing repayment schedules and does not expect or plan any debt restructuring.Β
Halyk Bank is planning to approach the respective Government and regulatory bodies toΒ clarifyΒ their intentions with regards to Halyk Bank's international obligations. However, please note that Halyk Bank has not authorised,Β and does not plan to authorise,Β any third party to hold negotiations onΒ theΒ restructuring of Halyk Bank's international obligations.
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Halyk BankΒ will update the investor community as soon as it becomes aware of anyΒ clearΒ intentions ofΒ the Government authoritiesΒ with regards to negotiations on international debt restructuring.Β
About Halyk Bank
Halyk Bank is one of Kazakhstan's leading financial services groups and a leading retail bank with the largest customer base and distribution network amongΒ KazakhstanΒ banks. The Bank is developing as a universal financial group offering a broad range of services (banking, pensions, insurance, leasing, brokerage and asset management) to its retail, small and medium enterprise and corporate customers, seeking further expansion of its international operations inΒ Russia,Β Georgia,Β MongoliaΒ andΒ Kyrgyzstan. The Bank is rated by the three main rating agencies: Moody's Investor Service (Ba1), Fitch Ratings (BB) and Standard&Poor's (BB+).
As at 30 September 2008, the total number of the Bank's outlets was 706, with 1,665 ATMs and 4,114 POS terminals (incl. information and transaction terminals).
-Β ENDSΒ -
For further information please contact:
|
Halyk Bank Β Zhanara AikimbayevaΒ Director, International Department Assel AtinovaΒ Head, Financial Institutions |
+7Β 727Β 259 07 96 +7Β 727Β 259 04 30 |
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