/KASE, September 22, 2025/ –Halyk Bank of Kazakhstan JSC (KASE ticker –
HSBK) reported the following:
quote
On September 17, 2025 international rating agency Fitch Ratings, has affirmed
Halyk Bank's Long-Term Foreign- and Local-Currency Issuer Default Ratings at
'BBB-'. Outlook "Stable".
Fitch Ratings highlights that Halyk Bank's dominant market share in
Kazakhstan's banking sector, robust profitability, adequate capitalization, and
solid liquidity are key factors supporting the rating. According to the Agency,
the Stable Outlook reflects its view that Halyk's credit metrics will remain
strong in the medium term.
Furthermore, Fitch emphasizes Halyk Bank's strong positions in both corporate
and retail lending, and a well-balanced portfolio. It also noted that the bank's
asset quality has improved markedly over the past five years. The Agency also
expects the bank to remain highly profitable in 2025-2026, due to the
consistently high net interest margin, excellent operational efficiency, and a
low cost of risk.
unquote
The full version of the press release in Qazaq –
https://kase.kz/files/emitters/HSBK/hsbk_relizs__220925_3_kz.pdf
The full version of the press release in Russian –
https://kase.kz/files/emitters/HSBK/hsbk_relizs__220925_3_ru.pdf
The full version of the press release in English –
https://kase.kz/files/emitters/HSBK/hsbk_relizs__220925_3_eng.pdf
[2025-09-22]