Assignment of insurance holding status

28 August 2012

Press release

In relation to assignment of insurance holding status 

Joint Stock Company "Halyk Savings Bank of Kazakhstan" (JSC "Halyk Bank") (LSE: HSBK) announces that in accordance with the resolution of the National Bank of the Republic of Kazakhstan JSC "Halyk Bank" obtained approval for assignment of status of insurance holding owning more than 25% of shares of insurance companies JSC "Kazakhinstrakh" and JSC "Halyk-Life".

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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 developing as a universal financial services group rendering a wide range of services (banking services, pension asset management, insurance, leasing, brokerage services and asset management) to its retail, SME and corporate clients. Halyk Bank is also conducting business in Russia, Georgia and Kyrgyzstan.

JSC "Kazakhinstrakh" is the universal insurance company providing a full range of general insurance services to all types of legal entities and individuals. During 12 years of its existence JSC "Kazakhinstrakh" has been one of the leaders on collection of insurance premiums in the insurance market of the Republic of Kazakhstan. The company has broad branch and agencies network across Kazakhstan. Agency network consists of more than 2,000 agents. Halyk Bank holds 99.75% of shares of JSC "Kazakhinstrakh". International rating agency A.M.BEST assigned the following ratings to JSC "Kazakhkinstrakh": financial strength rating - «B++» (Good), issuer credit rating - «bbb», outlook - positive.

JSC "Life insurance company "Halyk-Life" provides life insurance services. Halyk Bank is the sole shareholder of JSC "Halyk-Life".