Halyk Bank

Halyk Bank, formally JSC Halyk Bank of Kazakhstan, is a major financial-services group headquartered in Almaty. The institution traces its historical origins to Kazakhstan's savings-bank system established in 1923 and became the successor to the state savings-bank network after Kazakhstan's independence. The Halyk name, which means “people's” in Kazakh, reflects that heritage and has become one of the country's most recognizable banking brands. The bank provides a broad range of financial services, including current and savings accounts, payment cards, consumer lending, mortgages, small-business finance, corporate lending, trade finance, cash management, foreign-exchange services, investment products and insurance-related services. Its retail franchise is supported by branch and ATM infrastructure as well as digital banking channels, while its corporate and institutional businesses serve large companies, public-sector entities and financial institutions. Through its wider group, Halyk also has activities in insurance, leasing, asset management and other adjacent financial services. A major turning point came during the post-Soviet restructuring of Kazakhstan's banking sector. The savings-bank successor was reorganized and privatized, and the institution adopted the Halyk Savings Bank identity. It later expanded beyond traditional deposit-taking by developing consumer finance, cards, payments, corporate banking and digital services. The bank completed an initial public offering in 2006, becoming one of the first Kazakh financial institutions to obtain a significant international stock-market listing. Its shares have traded on the Kazakhstan Stock Exchange and, through global depositary receipts, on the London Stock Exchange. Halyk has grown through a combination of organic expansion and acquisitions. Its group has used subsidiaries and strategic transactions to broaden its product range and geographic reach, including the acquisition of Kazkommertsbank in 2018. That transaction consolidated two of Kazakhstan's largest banking franchises and materially increased Halyk's scale, customer base and balance-sheet presence. The group subsequently developed a regional footprint through operations such as Halyk Bank Uzbekistan and Halyk Bank Georgia, while retaining Kazakhstan as its core market. The brand's positioning combines mass-market accessibility with the capabilities of a universal bank. For individuals, Halyk emphasizes everyday payments, cards, deposits, lending and mobile banking. For businesses, it offers financing, settlement services, payroll, treasury products and digital tools. The bank's Halyk Homebank platform has become an important customer interface, allowing users to manage accounts, make payments, transfer funds and access selected financial products remotely. Halyk is also a systemically important institution in Kazakhstan and participates in the country's financial infrastructure through payment services, payroll relationships, government-related disbursements and financing of businesses. Its importance brings regulatory scrutiny typical of a large bank, including requirements concerning capital, liquidity, consumer protection, financial crime controls and data security. As a listed company, it also reports to public-market investors and maintains disclosure obligations in Kazakhstan and the United Kingdom. Today, Halyk Bank remains an active, publicly traded Kazakh banking group. Its core identity is that of a domestically rooted universal bank with a large retail franchise, significant corporate capabilities, a substantial digital channel and selective regional operations. Exact ownership percentages, executive appointments and financial results change over time and should be checked against the latest company reports and exchange disclosures. Halyk Bank is a major Kazakhstan-based commercial bank and the successor to the Savings Bank of the USSR in the Republic of Kazakhstan. Its full Kazakh legal name translates approximately as People's Savings Bank of Kazakhstan Joint-Stock Company. The bank is headquartered in Almaty, the country's former capital, and operates as a broad financial-services institution rather than as a narrowly focused retail bank. The institution's historical identity is rooted in the Soviet savings-bank system. Following the dissolution of the Soviet Union, the Kazakhstan successor entity developed into a national commercial bank serving households, businesses and public-sector-related payment needs. The Halyk name reflects its savings-bank heritage and remains closely associated with everyday banking in Kazakhstan. In Russian-language usage, the bank is also commonly identified by the equivalent name Narodny Sberegatelny Bank Kazakhstana. Halyk's business scope includes retail banking, corporate banking and investment banking. Its banking activities are complemented by related financial services, including insurance and asset-management activities within the wider group structure. This combination gives the brand a universal-bank positioning: it serves individual customers while also providing financing, transaction services and capital-markets support to companies and institutions. A defining turning point was the merger with Kazkommertsbank, completed on July 27, 2018. The transaction consolidated two important Kazakhstan banking franchises and strengthened Halyk's position in the domestic market. The combined institution was described as Kazakhstan's largest bank, with an approximately 35% market share in the cited reference material. The merger also reinforced Halyk's role as a systemically important participant in the country's financial sector. The bank has pursued regional expansion through subsidiaries and branch operations in several neighboring and nearby markets. Its international presence includes Kyrgyzstan, Georgia, Russia, Tajikistan and Uzbekistan. In 2019, Halyk opened Tenge Bank in Uzbekistan as a wholly owned subsidiary, extending the group's regional platform under a locally oriented brand. The bank's cross-border footprint remains concentrated in the post-Soviet and Central Asian region rather than being global in scope. Halyk Bank is publicly listed under the ticker HSBK. It has also received international recognition in banking-industry rankings and awards. In 2019, it was reported as the only Kazakhstan representative in the Global 2000 ranking of large and influential public companies, moving to 1,522nd place from 1,595th the previous year. In the same year, EMEA Finance named it the Best Bank in Kazakhstan in its Europe Banking Awards 2018 selection. The bank's public profile has also been affected by political and social events in Kazakhstan. During the protests and unrest of January 2022, Halyk Bank's London-listed shares fell 16%, illustrating the sensitivity of the listed franchise to domestic political risk and market sentiment. The bank therefore combines the characteristics of a national retail brand, a large corporate lender and a publicly traded financial institution whose valuation is closely linked to Kazakhstan's macroeconomic and political environment. Halyk has grown through a combination of organic expansion and acquisitions. Its group has used subsidiaries and strategic transactions to broaden its product range and geographic reach, including the acquisition of Kazkommertsbank in 2018. The bank has pursued regional expansion through subsidiaries and branch operations in several neighboring and nearby markets, including Kyrgyzstan, Georgia, Russia, Tajikistan and Uzbekistan. In 2019, Halyk opened Tenge Bank in Uzbekistan as a wholly owned subsidiary, extending the group's regional platform. The bank has also gained external recognition: in 2019 it was reported to have risen to 1,522nd place from 1,595th in the Global 2000 ranking of large public companies and to remain the only Kazakhstan-based representative in that ranking, and EMEA Finance named it Best Bank in Kazakhstan in its Europe Banking Awards 2018 selection. Ownership and governance information cited for 2020 identified ALMEX Holding Group JSC as the largest shareholder, with a 64.5% stake in the bank's offered shares excluding repurchased shares, controlled on an equal basis by Timur Kulibayev and Dinara Kulibayeva; Umut Shayakhmetova was identified as chairman of the Management Board since 2009 and Aleksandr Pavlov as chairman of the Board of Directors. During the January 2022 protests in Kazakhstan, the bank's London-listed shares fell 16%, underscoring the connection between Halyk's market valuation and the broader political and economic stability of its home country. Halyk Bank is a Kazakhstan-based commercial savings bank and one of the country's largest financial institutions. Its name translates broadly as the People's Savings Bank of Kazakhstan, reflecting its institutional lineage and its historic role in household savings. The bank is the legal successor to the Savings Bank of the USSR in the Republic of Kazakhstan, giving it a direct connection to the Soviet-era savings-bank network that was reorganized after Kazakhstan became independent. Headquartered in Almaty, the country's former capital and its principal financial center, Halyk Bank operates across several segments of the financial market. Its core business includes retail banking, corporate banking, small and medium-sized enterprise services, payments, deposits, lending, cards, and related financial services. The bank serves individual customers, businesses, and institutions, and its domestic scale has made it an important participant in Kazakhstan's banking system. It also maintains operations or subsidiaries in neighboring and nearby markets including Kyrgyzstan, Georgia, Russia, Tajikistan, and Uzbekistan. A major turning point came with the bank's merger with Kazkommertsbank, completed on July 27, 2018. The combination strengthened Halyk Bank's position in Kazakhstan and expanded the scale of its customer base, assets, and banking infrastructure. The enlarged institution was subsequently described as Kazakhstan's largest bank, with a market share of approximately 35% in the cited reference material. The merger also consolidated two significant banking franchises during a period of restructuring and concentration in Kazakhstan's financial sector. Halyk Bank has sought to maintain a regional profile while remaining centered on Kazakhstan. In 2019, it opened Tenge Bank, a wholly owned subsidiary in Uzbekistan, marking a further step in its regional expansion. Its international presence is therefore primarily that of a Central Asian banking group rather than a globally diversified multinational bank. Halyk Bank's public profile has also been affected by Kazakhstan's political and economic events. During the protests in January 2022, the bank's shares traded on the London Stock Exchange fell by 16%, illustrating the sensitivity of its market valuation to domestic instability. This market movement was reported as an event-related share-price reaction rather than a product recall, regulatory sanction, or corporate scandal. The bank's current public identity combines national scale, a legacy savings-bank franchise, broad domestic banking coverage, and selective regional expansion. Its principal competitive role is as a full-service commercial bank for households and enterprises in Kazakhstan, supported by subsidiaries and operations in several neighboring countries. Halyk has grown through a combination of organic expansion and acquisitions. Its group has used subsidiaries and strategic transactions to broaden its product range and geographic reach, including the acquisition of Kazkommertsbank in 2018. The merger with Kazkommertsbank was completed on July 27, 2018, consolidating two major Kazakhstan banking franchises and strengthening Halyk's domestic position. The combined bank was described as Kazakhstan's largest, with a market share of approximately 35% in the cited reference material. The bank has also developed a regional footprint, with branches or operations in Kyrgyzstan, Georgia, Russia, Tajikistan and Uzbekistan. In 2019, the group opened Tenge Bank in Uzbekistan as a wholly owned subsidiary, extending its Central Asian platform. Halyk is publicly listed under the ticker HSBK. In 2019, it was reported to have risen to 1,522nd place from 1,595th in the Global 2000 ranking of large public companies and to remain the only Kazakhstan-based representative in that ranking. EMEA Finance separately named Halyk the Best Bank in Kazakhstan in its Europe Banking Awards 2018 selection, announced in June 2019. Ownership and governance information cited for 2020 identified ALMEX Holding Group JSC as the largest shareholder, with a 64.5% stake in the bank's offered shares excluding repurchased shares. The cited material described ALMEX as controlled on an equal basis by Timur Kulibayev and Dinara Kulibayeva. The same material identified Umut Shayakhmetova as chairman of the Management Board since 2009 and Aleksandr Pavlov as chairman of the Board of Directors. Halyk's listed status exposes the brand to domestic and international investor sentiment. During the January 2022 protests in Kazakhstan, the bank's London-listed shares fell 16%, underscoring the connection between its market valuation and the country's broader political and economic stability.

Halyk Bank's institutional lineage reaches back to 1923, when the savings-bank network that later served Kazakhstan was established. During the Soviet period, savings-bank operations were part of the state-controlled financial system. Following Kazakhstan's independence, the local savings-bank network was reorganized into a national institution and became the principal successor to the country's state savings-bank operations. The bank's post-independence development reflected the transformation of Kazakhstan's financial sector. It moved from a narrow savings-bank role toward universal commercial banking, adding lending, payments, cards, corporate finance and other services. The Halyk Savings Bank identity linked the modern institution to its historical role while presenting it as a nationwide retail and commercial bank. The institution was subsequently privatized and developed a broad shareholder base. Halyk reached an important capital-markets milestone with its 2006 initial public offering and international listing. Public-market access supported the bank's growth and made it one of the most visible Kazakh companies to international investors. Its securities have been represented through depositary receipts in London, while ordinary shares have traded in Kazakhstan. Over time, the bank expanded its group structure beyond core banking. Insurance, leasing, asset-management and other financial activities complemented deposits and lending. It also developed digital channels as customer behavior shifted from branches toward mobile and online services. Homebank became a central part of the consumer proposition, combining payment functionality with account access and additional financial services. The 2018 acquisition of Kazkommertsbank was the defining consolidation event of the modern period. Kazkommertsbank had been one of Kazakhstan's largest banks, and its combination with Halyk materially increased the latter's scale. The transaction involved the integration of customers, employees, systems, products and risk-management processes. It also strengthened Halyk's position as a leading provider to both households and companies. Halyk later maintained a regional orientation through operations in Uzbekistan and Georgia. These businesses extend the group beyond Kazakhstan but do not change its central identity: Kazakhstan remains its principal market, headquarters location and strategic base. The bank serves individuals, entrepreneurs, corporations, institutions and public-sector-linked customers, with services ranging from everyday payments to complex financing. The bank's history has therefore moved through four broad phases: creation of the savings-bank heritage; post-independence reorganization and privatization; transformation into a diversified and publicly listed universal bank; and consolidation and digitization through acquisitions, regional operations and technology-led distribution. Halyk remains subject to the prudential and disclosure frameworks applicable to a systemically important listed bank, and current details about ownership, management and performance should be verified through its latest filings. Halyk Bank traces its institutional lineage to the Soviet savings-bank system. It became the successor entity of the Savings Bank of the USSR in the Republic of Kazakhstan after the Soviet period, preserving a savings-oriented public identity while developing into a commercial joint-stock bank. The name Halyk Bank is associated with the idea of a people's or national savings bank; the full Kazakh legal name is commonly translated as People's Savings Bank of Kazakhstan Joint-Stock Company. The bank's headquarters are in Almaty, Kazakhstan. Although Almaty ceased to be the national capital in 1997, it remains the country's principal commercial and financial center and an important base for major banks. From this base, Halyk developed a broad domestic franchise serving individual customers, companies and institutions. Its business model expanded beyond traditional deposits and savings. Halyk became a universal banking group with retail banking, corporate banking and investment-banking activities. Related services cited in descriptions of the group include insurance and asset management. This breadth positioned the bank as both a consumer-facing financial brand and a major provider of financing and transaction services to Kazakhstan's corporate economy. The most significant structural event in the modern history described in the available sources was the merger with Kazkommertsbank, completed on July 27, 2018. The combination brought together two major Kazakhstan banking operations. Following the merger, Halyk was identified as Kazakhstan's largest bank, with a market share of approximately 35% in the cited reference. The deal strengthened its scale and consolidated its importance within the national banking system. Halyk subsequently continued developing a regional footprint. It has branches or operations in Kyrgyzstan, Georgia, Russia, Tajikistan and Uzbekistan. In 2019, the group opened Tenge Bank in Uzbekistan as a wholly owned subsidiary. This expansion reflected a regional strategy focused largely on Central Asia and neighboring markets with historical, economic or geographic links to Kazakhstan. The bank also gained external recognition during this period. In 2019, it was reported to have risen to 1,522nd place from 1,595th in the Global 2000 ranking of large public companies and to remain the only Kazakhstan-based representative in that ranking. EMEA Finance separately named Halyk the Best Bank in Kazakhstan in its Europe Banking Awards 2018 selection, announced in June 2019. Ownership and governance information cited for 2020 identified ALMEX Holding Group JSC as the largest shareholder, with a 64.5% stake in the bank's offered shares excluding repurchased shares. The cited material described ALMEX as controlled on an equal basis by Timur Kulibayev and Dinara Kulibayeva. The same material identified Umut Shayakhmetova as chairman of the Management Board since 2009 and Aleksandr Pavlov as chairman of the Board of Directors. Halyk is publicly listed under the ticker HSBK. Its listed status exposes the brand to domestic and international investor sentiment. This was visible during the January 2022 protests in Kazakhstan, when the bank's London-listed shares fell 16%. The episode underscored the connection between Halyk's market valuation and the broader political and economic stability of its home country. Halyk Bank's institutional lineage reaches back to 1923, when the savings-bank network that later served Kazakhstan was established. During the Soviet period, savings-bank operations were part of the state-controlled financial system, and the institution became the successor entity of the Savings Bank of the USSR in the Republic of Kazakhstan after the Soviet period, preserving a savings-oriented public identity while developing into a commercial joint-stock bank. The name Halyk Bank is associated with the idea of a people's or national savings bank; the full Kazakh legal name is commonly translated as People's Savings Bank of Kazakhstan Joint-Stock Company. The most significant structural event in the modern history described in the available sources was the merger with Kazkommertsbank, completed on July 27, 2018. Kazkommertsbank had been one of Kazakhstan's largest banks, and its combination with Halyk materially increased the latter's scale. The transaction involved the integration of customers, employees, systems, products and risk-management processes. Following the merger, Halyk was identified as Kazakhstan's largest bank, with a market share of approximately 35% in the cited reference. The deal strengthened its scale and consolidated its importance within the national banking system. Halyk Bank developed from the savings-bank system that operated in Kazakhstan during the Soviet period. Following the dissolution of the Soviet Union and the creation of the independent Republic of Kazakhstan, the institution became the successor to the Savings Bank of the USSR in Kazakhstan. Its name, commonly translated as People's Savings Bank of Kazakhstan, preserved the association with savings and mass retail banking while the organization evolved into a modern joint-stock commercial bank. The bank's historical position was shaped by Kazakhstan's transition to a market economy. It retained a broad customer-facing infrastructure and expanded beyond traditional deposits into lending, payments, cards, corporate banking, and services for small and medium-sized businesses. This combination of legacy savings-bank reach and diversified commercial activity helped make it one of the country's leading financial institutions. Almaty became the bank's headquarters. Although Astana has been Kazakhstan's political capital since 1997, Almaty remains a major commercial and financial center, and Halyk Bank's location there reflects the city's importance to the country's banking sector. The bank later developed a regional operating presence. Its reported markets include Kyrgyzstan, Georgia, Russia, Tajikistan, and Uzbekistan, although Kazakhstan remains its principal market. The regional strategy has focused on neighboring or nearby economies where the bank can apply its experience in retail, corporate, and transaction banking. In 2019, Halyk Bank established Tenge Bank in Uzbekistan as a fully owned subsidiary, providing a distinct platform for its Uzbek operations. The most consequential corporate event in the bank's recent history was its merger with Kazkommertsbank, completed on July 27, 2018. Kazkommertsbank had been another important Kazakhstan banking institution, and the transaction materially increased Halyk's scale. Following the merger, Halyk Bank was described as Kazakhstan's largest bank, with approximately 35% market share in the reference material. The transaction represented both a major expansion and a consolidation of the domestic banking sector. Halyk Bank's public-market status has brought international visibility. In 2019, it was reported as the only Kazakhstan representative in the Global 2000 ranking of major public companies, moving from 1,595th to 1,522nd place. It was also named Best Bank in Kazakhstan by EMEA Finance in the results of the Europe Banking Awards 2018, announced in 2019. The bank's market value has also responded to political conditions. During the January 2022 protests in Kazakhstan, Halyk Bank's London-listed shares declined 16%. The episode demonstrated the exposure of a nationally important bank to domestic political risk and investor sentiment, but the cited material does not identify it as a scandal, enforcement action, or operational failure. Today, Halyk Bank is best understood as a large, publicly traded Kazakhstan banking group. Its identity rests on four linked characteristics: a successor role in the country's savings-bank history, broad full-service banking operations, a leading domestic market position, and selective expansion into regional markets.

• 2022

  London-listed shares fall during January protests

  [6]Halyk Banken.wikipedia.org

  Halyk Bank shares on the London Stock Exchange declined 16% amid the January 2022 protests in Kazakhstan.

• 2019

  Tenge Bank opens in Uzbekistan

  [6]Halyk Banken.wikipedia.org

  Halyk established Tenge Bank in Uzbekistan as a wholly owned subsidiary.

• 2019

  Global 2000 ranking improves

  [6]Halyk Banken.wikipedia.org

  The bank was reported at 1,522nd place in the Global 2000 ranking, up from 1,595th the previous year, and remained the only Kazakhstan-based representative.

• 2019

  Named Best Bank in Kazakhstan

  [6]Halyk Banken.wikipedia.org

  EMEA Finance named Halyk Bank the Best Bank in Kazakhstan in its Europe Banking Awards 2018 selection, announced in June 2019.

• 2019

  International rankings and banking award recognition

  [6]Halyk Banken.wikipedia.org

  The bank rose in the cited Global 2000 ranking and was recognized by EMEA Finance as Best Bank in Kazakhstan.

• 2018

  Kazkommertsbank acquisition

  [2]Halyk Bank investor relationshalykbank.com

  Halyk completed the acquisition of Kazkommertsbank, consolidating a major banking franchise in Kazakhstan.

• 2018

  Merger with Kazkommertsbank completed

  [6]Halyk Banken.wikipedia.org

  Halyk Bank completed its merger with Kazkommertsbank on July 27, 2018, consolidating two major Kazakhstan banking franchises and strengthening its position in the domestic market.

• 2009

  Umut Shayakhmetova becomes Management Board chair

  [6]Halyk Banken.wikipedia.org

  Umut Shayakhmetova was identified as chairman of the bank's Management Board from 2009.

• 2006

  Initial public offering

  [2]Halyk Bank investor relationshalykbank.com

  Halyk completed an initial public offering and gained an international depositary-receipt listing in London.

• 1998

  Transformation into a joint-stock bank

  [4]Halyk Bank historyhalykbank.com

  The post-independence savings-bank successor was reorganized as a joint-stock commercial bank during Kazakhstan's banking-sector transition.

Showing the 10 most recent.

A systemically important universal bank combining Kazakhstan's broadest domestic banking heritage with retail scale, corporate-finance capabilities and digital financial services.

• Digital banking

  Halyk Homebank

  Halyk's digital banking platform provides customers with mobile and online access to accounts, payments, transfers, cards and selected financial products. It is a principal distribution channel for the retail franchise and supports the bank's transition from branch-centered service toward digital self-service.

• Consumer financial services

  Retail banking

  The retail business covers deposits, current accounts, payment cards, consumer credit, mortgages, transfers and everyday payment services. It serves the mass market through branches, ATMs and digital channels, with the Halyk brand benefiting from extensive domestic recognition and reflecting the institution's historical connection to Kazakhstan's savings-bank system. Halyk's retail-banking franchise serves individuals through savings, payments, borrowing and other everyday financial services. The business reflects the institution's historical connection to Kazakhstan's savings-bank system while operating within a broader modern commercial-bank model. Halyk Bank's retail franchise serves individual customers through savings, deposits, consumer finance, payment services, cards, and related branch or digital banking channels. This business builds on the institution's historical savings-bank role and remains central to its identity as a mass-market Kazakhstan financial institution.

• Business banking

  Corporate and commercial banking

  Halyk provides corporate and institutional customers with lending, working-capital facilities, trade finance, cash management, payroll, settlement, foreign-exchange and treasury services. The business supports large companies as well as small and medium-sized enterprises operating in Kazakhstan and selected regional markets. Corporate banking is a core part of Halyk's universal-bank proposition. It provides financial services to companies and institutions, including lending and transaction-oriented banking associated with a large domestic commercial bank. Corporate banking covers financial services for companies and institutions, including business deposits, lending, payments, transaction services, and other banking relationships. The segment supports Halyk Bank's role as a full-service bank for Kazakhstan's commercial economy. The bank provides banking services to small and medium-sized enterprises. The SME proposition complements its retail and large-corporate businesses by extending deposits, financing, payment capabilities, and other routine banking services to smaller firms.

• Payments

  Halyk payment cards

  The bank issues payment cards for everyday spending, cash access, transfers and digital payments. Card services are connected with the bank's mobile platform and broader payments infrastructure, making them a central component of its consumer relationship.

• Capital markets

  Investment banking

  Halyk also operates in investment banking, extending the group beyond deposits and conventional lending into corporate finance and capital-markets-related services.

• Related financial services

  Insurance and asset management

  Insurance and asset management are identified among the related financial-services activities associated with the Halyk group, supporting its positioning as a diversified financial institution.

• Regional banking subsidiary · 2019

  Tenge Bank

  Tenge Bank is Halyk's wholly owned Uzbekistan subsidiary, opened in 2019 as part of the group's regional expansion. It gives Halyk a locally established banking platform in Uzbekistan while retaining ownership within the Kazakhstan-based group. Tenge Bank is Halyk Bank's wholly owned subsidiary in Uzbekistan, opened in 2019. It represents the group's regional expansion strategy and provides a local platform for banking operations in the Uzbek market.

• 2019

  Expand into Uzbekistan through Tenge BankStrategy

  Background

  Halyk had developed a regional presence across neighboring and nearby post-Soviet markets and sought to deepen its Central Asian footprint.

  Action taken

  The group opened Tenge Bank in Uzbekistan as a wholly owned subsidiary.

  Aftermath

  The move established a dedicated Halyk-owned banking platform in Uzbekistan. The move added Uzbekistan to Halyk Bank's regional operating footprint.

  Source

• 2018

  Acquisition of KazkommertsbankM&A

  Background

  Kazakhstan's banking sector was undergoing consolidation, and Kazkommertsbank represented a major domestic banking franchise with a large customer and corporate base. Combining them offered a route to greater scale and a stronger domestic competitive position. Halyk Bank and Kazkommertsbank were two important banking franchises in Kazakhstan. Combining them offered a route to greater scale and a stronger domestic competitive position.

  Action taken

  Halyk acquired Kazkommertsbank and completed the merger on July 27, 2018, undertaking the subsequent operational, technological and organizational integration of the two institutions.

  Aftermath

  The transaction increased Halyk's domestic scale and reinforced its position as one of Kazakhstan's leading universal banks. The combined bank was described as Kazakhstan's largest, with an approximately 35% market share in the cited reference material.

  Source

• 2018

  Merge with KazkommertsbankM&A

  Background

  Halyk Bank pursued a combination with another major Kazakhstan banking institution as the country's financial sector underwent consolidation.

  Action taken

  The merger with Kazkommertsbank was completed on July 27, 2018.

  Aftermath

  The enlarged bank was subsequently described as Kazakhstan's largest bank, with approximately 35% market share in the cited reference.

  Source

• Expansion of digital bankingStrategy

  Background

  Growing use of mobile payments and online services created pressure for large banks to make routine banking available through digital channels.

  Action taken

  Halyk developed Homebank into a broad digital platform for payments, transfers, account servicing and selected retail products.

  Aftermath

  Homebank became a major customer interface and an important part of the bank's retail distribution model.

  Source

• 2022

  Halyk Bank shares decline during Kazakhstan protests[6]Halyk Banken.wikipedia.org

  Other

  Amid protests and unrest in Kazakhstan in January 2022, Halyk Bank's shares traded on the London Stock Exchange fell 16%.

• 2019

  Halyk Bank establishes wholly owned Uzbek subsidiary[6]Halyk Banken.wikipedia.org

  M&A · Other

  The bank opened Tenge Bank in Uzbekistan as a wholly owned subsidiary, extending its operating presence into another Central Asian market.

• 2019

  Halyk Bank receives Best Bank in Kazakhstan recognition[6]Halyk Banken.wikipedia.org

  Other

  EMEA Finance selected Halyk Bank as the Best Bank in Kazakhstan in its Europe Banking Awards 2018 results announced in 2019.

• 2018

  Halyk Bank completes merger with Kazkommertsbank[6]Halyk Banken.wikipedia.org

  M&A

  Halyk Bank merged with Kazkommertsbank on July 27, 2018, consolidating two major Kazakhstan banking businesses and strengthening Halyk's domestic market position.

• Halyk Bank expands its digital banking proposition through Homebank[5]Halyk Bank digital bankinghalykbank.com

  Product launch · Product generation

  The bank has continued developing Homebank as a digital channel for payments, transfers, account management and selected retail financial products.

1. 1Halyk Bank official websitehalykbank.com
2. 2Halyk Bank investor relationshalykbank.com
3. 3Halyk Bank managementhalykbank.com
4. 4Halyk Bank historyhalykbank.com
5. 5Halyk Bank digital bankinghalykbank.com
6. 6Halyk Banken.wikipedia.org
7. 7Halyk Bank official websitehalykbank.kz
8. 8Halyk Bank official websitehalykbank.kz