18th Nov 2016 04:30
JSC Halyk Bank / Miscellaneous - Medium PriorityJSC Halyk Bank: re. recent speculation about a potential merger with JSCKazkommertsbank 18-Nov-2016 / 06:29 CET/CESTDissemination of a Regulatory Announcement, transmitted by EquityStory.RS,LLC - a company of EQS Group AG.The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Press Release, 18 November 2016, Almaty JSC Halyk Bank (hereinafter - the «Bank») notes recent press speculationabout a potential merger with JSC Kazkommertsbank (hereinafter - the«KKB»). In response to questions from the analysts we have alreadyresponded that Halyk Bank has neither made nor received an offer to mergeor otherwise combine with KKB. Due to continuing speculation we would like to clarify further. Indeed, during 2016 within the framework of general discussions a number ofscenarios of banking sector developments were considered, which in our viewcannot be treated as conducting negotiations. There can be no certainty that this will lead to commencement ofnegotiations between the parties. Halyk Bank would only contemplate undertaking such transactions if theywere to be entered into on a commercial basis on arm's length terms inaccordance with international standards and if transactions would take intoaccount interests of shareholders and other stakeholders of Halyk Bank. Halyk Bank is the most profitable and stable bank in Kazakhstan with fastgrowing assets, stable and improving loan portfolio quality, high return onequity*. * according to regulatory data PR Service Halyk Bank tel. +7 727 2 590 816, [email protected] --------------------------------------------------------------------------- The EquityStory.RS, LLC Distribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases.Archive at www.dgap.de/ukreg --------------------------------------------------------------------------- Language: English Company: JSC Halyk Bank 109V, Abay ave 050008 Almaty Kazakhstan Phone: +7 727 259 04 27 Fax: +7 727 259 04 64 E-mail: [email protected] Internet: http://halykbank.kz ISIN: US46627J3023 WKN: A0LF36 Category Code: MSCM TIDM: HSBK Sequence Number: 3613 Time of Receipt: 18-Nov-2016 / 06:29 CET/CEST End of Announcement EquityStory.RS, LLC News Service --------------------------------------------------------------------------- 522305 18-Nov-2016UK-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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