16th Jul 2014 13:49
JSC Halyk Bank / Miscellaneous 16.07.2014 13:47 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 Standard & Poor's Ratings Services upgraded ratings of JSC 'Halyk Bank' 16 July 2014 On 16 July 2014, the international rating agency Standard & Poor's RatingsServices (hereinafter - Standard & Poor's) announced the upgrade ofLong-Term Counterparty Credit Rating (hereinafter - CCR) of JSC 'HalykBank' (hereinafter the 'Bank' or 'Halyk Bank') to 'BB+' from 'BB'. Standard& Poor's affirmed the 'B' Short-Term CCR. The Outlook on the Bank's ratingsis Stable. The upgrade of Halyk Banks's Long-Term CCR to 'BB+' reflects Standard &Poor's view 'that Halyk's competitive position has strengthened over thepast four years, leading us to revise our assessment of the bank's businessposition to strong from adequate'. Standard & Poor's pointed out HalykBank's relatively unscathed emergence from the severe crisis in 2007-2008,superior business position in the Kazakhstan banking sector, operating theonly universal banking model in Kazakhstan, above-peer profitability, lowerfunding sensitivity, and lower concentrations in the lending book. The Bank's upgraded ratings are one of the highest among Kazakhstan banksand confirm Halyk Bank having the leading position in the market and beingthe strongest domestic financial institution. Halyk Bank was assigned 'kzAA-' Kazakhstan national scale rating. ***JSC Halyk Bank is the leading financial services group and the leadingretail bank in Kazakhstan with the largest customer base and the broadestbranch network. The Bank holds the first place in net income among secondtier banks of Kazakhstan. The Bank is developing as a universal financialservices group rendering a wide range of services (banking services,insurance, leasing, brokerage services) to its retail, SME and corporateclients. The Bank also operates in Russia, Georgia and Kyrgyzstan. For further information please contact: Halyk Bank Viktor Skryl, +7 727 259 04 27Director, International Department Mira Kasenova +7 727 259 04 30Head of Financial Institutions 16.07.2014 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 --------------------------------------------------------------------------- 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: 2124Time of Receipt: Jul 16, 2014 13:46:52 End of Announcement EquityStory.RS, LLC News-Service ---------------------------------------------------------------------------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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