OREANDA-NEWS. February 08, 2010. Halyk Savings Bank of Kazakhstan (Almaty), securities of which are present in Kazakhstan Stock Exchange (KASE) official list, provided to KASE the following press release, reported the press-centre of KASE:

According to the data, published by the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations, as of February 1, 2010 assets of Halyk Savings Bank of Kazakhstan reached KZT1,988,880,350, the Bank net income exceeded 2 billion 591 m tenge. Thus, based on the net income size Halyk Savings Bank of Kazakhstan became the first among commercial banks of Kazakhstan, and assets size - the second across the banking system of Kazakhstan.

Halyk Bank assets for 2009 increased by 23%, deposits - by 46%, having significantly left behind similar indicators across the entire banking sector. Such achievement proves the confidence in Bank of the population and corporate clients, and appropriateness of the Bank strategy aimed at the long-term and balanced growth.

Meanwhile, on January 22, 2010 Fitch Ratings changes Halyk Bank ratings outlook from "Negative" to "Stable". At the same time the agency affirmed previously assigned ratings. The revised outlook reflects ability of Halyk Bank to create reserves in case of the credit portfolio quality worsening, and ratings are supported by moderate payments on large credits, large number of clients. The liquidity is comfortable: at the end of 2009 funds and bank offerings for the period up to 1 month made up 21% of assets.

It is necessary to emphasize that in the fourth quarter of 2009 the portion of overdue debts declined. This is the result of the Bank credit portfolio quality change and the Bank actions. The Bank clients base increased in corporate, retail and SMB sectors.

In 2009 within the economy real sector support program funded by National Welfare Fund Samruk-Kazyna and Entrepreneurship Development Fund Damu, Halyk Savings Bank of Kazakhstan refunded large projects to the amount of KZT60 bn, hypothecary loans - KZT20.5 bn, SMB loans and private entrepreneurs of the processing industry - KZT14.6 bn. the Bank presented three new programs of SMB crediting: Halyk - Oborotka, which allows receiving loans to supplement circulating funds for the period up to 2 years; Halyk - Razvitie, under which loans are issued for the period up to 5 years for movable property procurement, repair or reconstruction of commercial buildings; and Halyk - Investitsii - loans to procure commercial real estate for 10 years.

Halyk Bank of Kazakhstan is the largest universal commercial bank of Kazakhstan, successfully operating in the country market for 87 years, one of the most reliable and diverse financial institutions of the country. Halyk Bank has the broad affiliates network (over 600 divisions), serves about 6 million individuals, over 72.8 thousand SMB entities and over 1700 larger corporate clients.