OREANDA-NEWS. On June 05, 2008 Halyk Savings Bank of Kazakhstan JSC (Almaty), shares of which are traded in the official list of Kazakhstan Stock Exchange (KASE) of category "A", provided KASE with the press release, reported the press-centre of KASE:

Halyk Bank of Kazakhstan JSC (further - the Bank) announced unaudited interim financial data for the first quarter, ended March 31, 2008. The interim financial data were prepared in accordance with the International Accounting Standards 34, Interim Financial Statements.

- Assets grew 4 % from KZT1,595.1 bn. (2007 end) to KZT1,666.4 bn.

- Deposits grew 9 % from KZT935.4 bn. (2007 end) to KZT1,016.7 bn.

- Retail deposits grew 7 % from KZT357,7 bn. (2007 end) to KZT380,9 bn.

- Loan portfolio (net) grew 6 % from KZT1,040.3 bn. (2007 end) to KZT1,100.5 bn.

- Retails credits grew 6 % from KZT322,3 bn. (2007 end) to KZT342,5 bn.

- Bank market share increased: on assets to 13,8 %, on credits to 12,6 %, on deposits to 23,9 %, on retail deposits to 24,5 %, on net profit to 25,5 %

- Net movement of funds from operational activity for the first quarter, ended March 31, 2008, made KZT33,9 bn. compared to net outflow in the amount of KZT78,0 bn. for Q1 2007, which shows a faster client deposits growth in comparison with loan portfolio for Q1, ended March 31, 2008

- Net profit for Q1 2008 made KZT9,8 bn. in comparison with KZT10,8 bn. for Q1 2007 and KZT8,1 bn. for Q4 2007

- Net income on services and commissions grew 13 % from KZT5,2 bn. for Q1
  2008 to KZT5,8 bn.

- The bank capital grew 6 % from KZT161,0 bn. (2007 end) to KZT170,4 bn.

- Bank capital sufficiency remained high: with capital sufficiency coefficient 13,0 % and first level capital sufficiency 10,8 % (in accordance with the Basel Committee methodology)

- Loans to clients amount versus clients funds ratio decreased from 1,11 (2007 end) to 1,08

- Liquid assets versus total assets ratio made 30,2 %

- Operational expenses versus operational expenses before allocation to reserves for depreciation ratio made 40 % in Q1 2008

- Operational expenses versus middle assets ratio decreased from 3,8 % for Q1 2007 to 2,5 %

- Return to middle own capital, due to holders of common shares and return to middle assets for Q1 2008 made 27,7 % and 2,4 % correspondingly.

Full version of the press release of Halyk Savings Bank of Kazakhstan JSC, including financial review and information on the bank, is available at: http://www.kase.kz/emitters/scan/hsbk/hsbk_reliz_030608.pdf