Last checked at 10 Jan 2012 07:00
PRESS RELEASE
On voluntary reorganization of JSC Halyk Capital,
the subsidiary of JSC Halyk Bank
10 January 2012
JSC Halyk Bank, the sole shareholder of JSC Halyk Capital and JSC Halyk Finance, announces voluntary reorganization of JSC Halyk Capital by way of its merger with JSC Halyk Finance.
JSC Halyk Capitalwas established in November 2006 as a participant of the Regional Financial Centre of Almaty (hereinafter - RFCA). When the company was established, the law of the Republic of Kazakhstan prescribed that only professional participants of the securities market, registered as legal entities by the Agency of the Republic of Kazakhstan regulating the activities of RFCA, may become the participants of RFCA.
Considering that trading platforms of Kazakhstan Stock Exchange (hereinafter - KASE) and special trading platform of RFCA were incorporated and that JSC Halyk Finance has an access to the trading platform of KASE, JSC Halyk Bank decided on voluntary reorganization of JSC Halyk Capital by way of its merger with JSC Halyk Finance.
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JSC Halyk Finance is the leading investment bank in Kazakhstan, rendering a full range of investment banking services, including financial consulting and underwriting (issuance and placement of corporate clients' securities), corporate finance (M&A advisory, debt restructuring and transaction advisory services), brokerage, securities trading, market making on the Kazakhstan Stock Exchange, asset management and research. JSC Halyk Finance received "The Best Investment Bank in Kazakhstan 2011" award from Global Finance. The Kazakhstan Stock Exchange named JSC Halyk Finance "The Best Financial Advisor 2010".
JSC Halyk Bank is the leading financial services group and the leading retail bank in Kazakhstan with the largest customer base and the broadest branch network. Halyk Bank is servicing around 5.9 mln. retail customers, over 60 thousand SME customers and over 300 corporate clients. Halyk Bank is developing as a universal financial services group rendering a wide range of services (banking services, pension asset management, insurance, leasing, broker services and asset management) to its retail, SME and corporate clients. Halyk Bank is also conducting business in Russia, Georgia and Kyrgyzstan. As at 30 September 2011, total assets of Halyk Bank were USD 15.1 billion.
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For further information please contact:
Halyk Bank
Assel Atinova Head, Financial Institutions
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+7 727 259 04 30 |