2nd Dec 2014 06:42
JSC Halyk Bank / Miscellaneous 02.12.2014 07:42 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.--------------------------------------------------------------------------- 02 December 2014 On the acquisition and rebranding of subsidiary bank On 28 November 2014, JSC 'Halyk Bank' (the Bank) completed the purchase ofHSBC Bank Kazakhstan, the subsidiary of HSBC Bank plc. The Bank became soleshareholder and obtained full control over the purchased bank. This is alandmark transaction for Kazakhstan banking history. The purchased bank has been renamed into JSC 'Altyn Bank' (SB of JSC 'HalykBank') ('Altyn Bank'). Altyn Bank is now a subsidiary of JSC 'Halyk Bank'and will operate as a separate legal entity. The Bank's Management believes that Altyn Bank shall allow Halyk Groupincreasing its business with foreign companies represented in Kazakhstan,including salary projects and payroll lending, as well as developingmortgage lending to high quality customers. With its existing client baseAltyn Bank provides a perfect opportunity for promoting private banking andinternet-banking business. Altyn Bank is 18th on the market in terms of total assets. Its share intotal assets of Halyk Bank is around 8%. - ENDS - For further information please contact: JSC 'Halyk Bank' Viktor Skryl, Director, International Department +7 727 259 04 27 02.12.2014 The EquityStory.RS, LLC Distribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: EnglishCompany: JSC Halyk Bank 109V, Abay ave 050008 Almaty KazakhstanPhone: +7 727 259 04 27Fax: +7 727 259 04 64E-mail: [email protected]: http://halykbank.kzISIN: US46627J3023Category Code: MSCTIDM: Sequence Number: 2427Time of Receipt: Dec 02, 2014 07:42:19 End of Announcement EquityStory.RS, LLC News-Service ---------------------------------------------------------------------------UK-Regulatory-announcement transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.
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