Latest update

28 April 2010

Joint Stock Company 'Halyk Savings Bank of Kazakhstan'

Latest update

On 23 of April 2010 JSC "Halyk Bank", Kazakhstan held its Annual General Shareholders Meeting, where financial results of Halyk Group (hereinafter - the Group) for year 2009 were approved.

Also, on 23 April 2010, at the meeting of the Board of Directors of JSC "Halyk Bank" development strategy of Halyk Group for years 2010 - 2012 was considered.

The main priorities remain unchanged: moderate growth, maintenance of the loan portfolio quality, focus on the support of the country's internal market and, in particular, financing of domestic production facilities, further development of the regional universal financial services group, working under international standards and oriented on clients' interests in Kazakhstan and some neighboring countries where the Group is already present (Russia, Georgia, Kyrgyzstan). The Bank's targets are: moderate loan portfolio increase, improvement of the service quality and careful handling of resources. The Group will strive to provide their customers the widest possible range of financial products through affiliated organizations of Halyk Bank and its branch network, the most extensive in the Republic (622 points of sales).

During the crisis the Bank closed its unprofitable units - the Bank in Mongolia as well as some outlets in Kazakhstan.

Currently available resources of the Group are sufficient for its further growth and harmonious development. In this regard for the next 2 years the Group does not plan any mergers and acquisitions. After its adoption the full version of Halyk Group Strategy for years 2010 - 2012 will be available at the official site of JSC Halyk Bank www.halykbank.kz.