OREANDA-NEWS. On December 04, 2008 Joint Stock Company ‘Halyk Savings Bank of Kazakhstan’ (Halyk Bank) (LSE: HSBK) (the Bank) released its unaudited interim financial information for the nine months ended 30 September 2008. The interim financial information has been prepared in accordance with International Accounting Standard 34, Interim Financial Reporting, reported the press-centre of Halyk Savings Bank.

Interim consolidated financial results for the nine months ended 30 September 2008
Joint Stock Company ‘Halyk Savings Bank of Kazakhstan’ (Halyk Bank) (LSE: HSBK) (the Bank) releases its unaudited interim financial information for the nine months ended 30 September 2008. The interim financial information has been prepared in accordance with International Accounting Standard 34, Interim Financial Reporting.

Total assets increased by 16.5 percent from KZT 1,595.1 billion as at YE2007 to KZT 1,858.7 billion

The net total loan portfolio increased by 11.2 percent from KZT 1,040.3 billion as at YE2007 to KZT 1,156.9 billion

Total deposits increased by 18.5 percent from KZT 935.4 billion as at YE2007 to KZT 1,108.0 billion

The portfolio of large-ticket foreign borrowings increased as a result of the benchmark USD 500 million Eurobond issue in April 2008 and the successful USD 300 million syndicated loan in September 2008

Retail loans increased by 9.0 percent from KZT 322.3 billion as at YE2007 to KZT 351.4 billion

Total equity increased by 19.7 percent from KZT 161.0 billion as at YE2007 to KZT 192.7 billion

Net interest income before impairment charges increased by 34.9 percent to KZT 66.9 billion from KZT 49.6 billion for the first nine months of 2007

Net fee and commission income increased by 18.3 percent to KZT 19.3 billion from KZT 16.3 billion for the first nine months of 2007

Net income for the first nine months of 2008 was KZT 17.7 billion

The ratio of provisions to gross loans (provisioning rate) increased from 5.2 percent as at 31 December 2007 to 6.9 percent as at 30 September 2008

The ratio of operating expenses to operating income before impairment charge (cost-toincome ratio) was 34.1 percent for the first nine months of 2008

The ratio of operating expenses to average assets (cost-to-assets ratio) decreased from 3.0 percent for the first nine months of 2007 to 2.4 percent

The ratio of net loans to customers to amounts due to customers (loan-to-deposit ratio) improved from 1.11x as at YE2007 to 1.04x

Return on average common shareholders’ equity and return on average assets were 14.9 percent and 1.4 percent respectively for the first nine months of 2008.