6th Mar 2008 07:00
JSC Halyk Savings Bank Kazakhstan06 March 2008 6 March 2008 Joint Stock Company 'Halyk Savings Bank of Kazakhstan' Mutual Cooperation Memorandum signed with JSC 'Kazakhtelecom' On the 27 February 2008 JSC 'Halyk Savings Bank of Kazakhstan' (Halyk Bank) andJSC 'Kazakhtelecom' (Kazakhtelecom) signed a Memorandum for Mutual Cooperation.The document stipulates the cooperation between Halyk Bank and Kazakhtelecom inproviding a broad range of services to clients and to further improving theirquality of services. According to the Memorandum, Halyk Bank's subdivisions will be located in theservice units of Kazakhtelecom. These subdivisions will accept payments for bothtelecommunications and banking services. A pilot project will be launched inAlmaty, East-Kazakhstan and Kyzylorda oblasts in due course. At a later datecash desks will also be opened across Kazakhstan. Halyk Bank and Kazakhtelecom have been successfully cooperating over a longperiod of time. A number of projects have been realized jointly by thecompanies, including the acceptance of payments for telecommunication servicesof Kazakhtelecom via ATM network of Halyk Bank. This Memorandum is in line with the Service Quality Improvement Programdeveloped by Kazakhtelecom. JSC "Halyk Savings Bank of Kazakhstan". Halyk Bank is one of Kazakhstan'sleading financial services groups and a leading retail bank with the largestcustomer base and distribution network among Kazakh banks. The Bank isdeveloping as a universal financial group offering a broad range of services(banking, pensions, insurance, leasing, brokerage and asset management) to itsretail, small and medium enterprise and corporate customers. It is seekingfurther expansion of its international operations and credit exposure in theregion. As at 31 December 2007 Halyk Bank's branch network consisted of 670outlets, comprising 22 regional branches, 125 district branches, 473 limitedservice branches, 46 personal service centres, and 4 VIP centres; the number ofATMs was 1,166 and point-of-sale terminals was 3,375. JSC "Kazakhtelecom" holds leading position in the telecommunications market ofthe Republic of Kazakhstan, with developed network of centres to render widerange of telecommunications services: traditional telephony and telegraph, datatransfer and access to Internet, intellectual and satellite network.Kazakhtelecom serves over 3.27 millions of clients including both legal entitiesand individuals. Kazakhtelecom closely cooperates and interacts with more than40 operators in CIS and foreign countries. Detailed information on activities,services, and the latest news of Kazakhtelecom is available on portalwww.telecom.kz - ENDS - For further information please contact: Assel Atinova [email protected] +7 727 259 04 30Zhanar Kairbayeva [email protected] +7 727 244 77 65 Financial Dynamics Paul Marriott [email protected] +44 (0)20 7269 7252David Cranmer [email protected] +44 (0)20 7269 7217 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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