26th Feb 2014 08:47
JSC Halyk Bank / Formal Notice 26.02.2014 09:47 Dissemination of a Regulatory Announcement, transmitted byEquityStory.RS, LLC - a company of EQS Group AG.The issuer is solely responsible for the content of this announcement.--------------------------------------------------------------------------- Press release On acquisition of 100% of shares in SB HSBC Bank Kazakhstan JSC 26 February 2014 for immediate release JSC 'Halyk Bank' ('Halyk Bank') has entered into an agreement with HSBCBank plc ('HSBC') to acquire 100% of the share capital in SB HSBC BankKazakhstan JSC ('Company'), a wholly owned subsidiary of HSBC Bank plc('the Transaction'). The Transaction, which is subject to regulatory approvals and otherconditions, is expected to complete during 2014. The CEO of Halyk Bank, Mrs. Umut Shayakhmetova stated: 'We will welcome the Company as a member of the Halyk Bank group. TheTransaction represents further progress in the execution of Halyk Bankgroup's strategy.This deal will strengthen the leading position of Halyk Bank in theKazakhstan banking sector, attracting new customers in the retail segmentand among large national companies and large international companiesoperating in Kazakhstan, and give momentum for further development ofprivate banking and internet banking.The professionals presently working in the Company are a very importantcomponent of the transaction and we plan to share their expertise,knowledge and corporate culture for the future growth of the Halyk Bankgroup.' In the near term Halyk Bank contemplates to operate the Company as aseparate legal entity / subsidiary organization. *** Halyk Bank is the leading financial services group and the leading retailbank in Kazakhstan with the largest customer base and the broadest branchnetwork. Halyk Bank is developing as a universal financial services grouprendering a wide range of services (banking, insurance, leasing, brokerageand asset management) to its retail, SME and corporate clients. Halyk Bankalso operates in Russia, Georgia and Kyrgyzstan. According to the data ofthe National Bank of the Republic of Kazakhstan as of January 1, 2014 HalykBank ranks second among commercial banks with total assets over KZT 2,441.8bn. and total equity over KZT 365.5 bn. The Company is a member of the HSBC Group which has total assets of overUS$ 2,671.3 bn, total equity of more than US$ 190.4 bn and has around 6,300offices in 75 countries and territories around the world. The Company hasbeen operating in Kazakhstan since 1998 and offers a range of retail andwholesale banking services for personal, corporate and institutionalcustomers. According to the data of the National Bank of the Republic ofKazakhstan as of January 1, 2014 the Company ranks seventeenth amongcommercial banks with total assets over KZT 187 bn. and total equity overKZT 26 bn. For further information please contact: Halyk Bank Viktor SkrylDirector, International Department +7 727 259 04 27 Contact:Viktor SkrylDirector, International Department +7 727 259 04 27 26.02.2014 EquityStory.RS, LLC's Distribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------UK-Regulatory-announcement transmitted by DGAP - a company of EQS Group AG.The issuer is solely responsible for the content of this announcement.
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