Halyk Bank injected KZT185bn equity in Kazkommertsbank
12 July 2017
JSC Halyk Bank ("Halyk Bank") announces that on 11 July 2017 the Board of Directors of Halyk Bank approved the execution of its pre-emptive rights with regard to the common shares of JSC Kazkommertsbank ("Kazkommertsbank") issued as part of the previously announced recapitalization of Kazkommertsbank.
In this regard, on 12 July 2017, Halyk Bank exercised its pre-emptive rights and acquired 1,296,698,676 common shares of Kazkommertsbank in proportion to the stake of 96.81% of Kazkommertsbank's common shares and paid in KZT185 billion for the acquired shares. These investments will be reflected in Kazkommertsbank's equity as of close of business on 12 July 2017.
For further information, please contact:
Anna Borodovitsyna: +7 727 330 10 91
Mira Kasenova: +7 727 259 04 30
Karashash Karymsakova: +7 727 330 01 92
About Halyk Group
JSC Halyk Bank and its subsidiaries (together "Halyk Group") 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 Group also operates in Georgia, Kyrgyzstan and Russia.
With total assets of KZT5,201.1 billion, Halyk Bank is Kazakhstan's leading lender. The Bank has the largest customer base and broadest branch network in Kazakhstan, with 506 branches and outlets across the country. Halyk Bank has been listed on the Kazakhstan Stock Exchange since 1998 and on the London Stock Exchange since 2006.
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