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New subsidiary

12th Jan 2007 11:14

JSC Halyk Savings Bank Kazakhstan12 January 2007 JSC Halyk Bank Kazakhstan has established a new subsidiary company JSC Halyk Bank Kazakhstan (the Bank) is pleased to announce establishment of thebrokerage subsidiary company JSC "Subsidiary company of Halyk Bank of Kazakhstan"Halyk Capital" (the Company). The Bank obtained permission to establish the Company from the Agency of theRepublic of Kazakhstan on Regulation and Supervision of Financial Market andFinancial Organizations on November 13, 2006 (registration number #75). The Company also obtained Certificate of the state registration of the legalentity - member of Regional Financial Centre of the city of Almaty (RFCA) -issued by the Agency of the Republic of Kazakhstan on Regulation of the RFCA onNovember 14, 2006 (registration number # 3-1910-RFCA-JSC). Contact details Halyk BankDauren Karabayev, Managing Director ([email protected]) 007 327 259 88 66Ainur Ilyassova, Head of FI ([email protected]) 007 327 259 04 27 The Bank is one of Kazakhstan's leading financial services groups, with thelargest customer base and distribution network of any bank in Kazakhstan. TheBank is developing as a universal financial services group offering a broadrange of services (banking, pensions, insurance, leasing, brokerage and assetmanagement) to its retail, small and medium enterprise ("SME") and corporatecustomers. As at 30 September 2006 the Bank was the third largest bank inKazakhstan in terms of total assets. In December 2006 the Bank completed itsinitial public offering of 46,750,000 GDRs offered by JSC Holding Group Almex atUS$16.00 per GDR, each GDR representing four common shares. This information is provided by RNS The company news service from the London Stock Exchange

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