Halyk Bank

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  Halyk Bank
Country KazakhstanKazakhstan Kazakhstan
Seat Almaty
legal form Corporation
ISIN US46627J3023
founding August 15, 1923
Website www.halykbank.kz
Business data 2019
Total assets 9.234 billion tenge (2019)
Employee 13,375 (2019)
Board Alexander Pavlov
( Chairman )
Supervisory board Umut Schajachmetowa ( Chair )

The Halyk Bank ( Kazakh Қазақстан Халық Жинақ Банкі ; Russian Народный сберегательный банк Казахстана ; English Halyk Savings Bank of Kazakhstan ), with a market share of around 35 percent, the largest bank in Kazakhstan . It is headquartered in the former capital Almaty .


The history of the bank goes back to the opening of the first branch of a public-law bank in Aktyubinsk on August 15, 1923. In 1941 there were already over 1500 branches of the bank in the territory of the Kazakh SSR , which is comparable to a savings bank . By 1961 the number rose to around 2800 locations.

After the collapse of the Soviet Union and Kazakhstan's independence, the country's banking system was reorganized. In the course of this, today's Halyk Bank was established in 1994. At that time it comprised 2,400 locations and employed around 14,000 people. The following year it became the largest bank in the country. In 1998, the company was converted from a closed stock corporation with 100% government participation into an open stock corporation and thus the company went public; since then the bank's shares have been traded on the Kazakh stock exchange. Since 2006, Halyk Bank shares have also been traded on the London Stock Exchange .

In October 2004, Halyk Bank took over 100 percent of the shares in the Kyrgyz Kairat Bank, which was privatized by the Kyrgyz government. In 2008, the company entered the Georgia market with the establishment of a subsidiary . In February 2014, Halyk Bank took over HSBC Bank Kazakhstan, an offshoot of the British HSBC . In 2016, 60 percent of the shares in Altyn Bank , the former HSBC Bank Kazakhstan, were sold to the Chinese CITIC Bank .

In February 2017, Halyk Bank announced its intention to take over Kazkommertsbank , the country's second largest bank to date. Kazkommertsbank struggled with severe liquidity problems as a result of the takeover of BTA Bank . In June, Halyk Bank acquired 96.8 percent of the shares in Kazkommertsbank. The takeover was completed in July 2018. In May 2019, Tenge Bank was established in Uzbekistan .

Group structure

Halyk Bank shares are listed on the Kazakh Stock Exchange; The main shareholder is the Almex Group, which owns 64.7 percent of the shares. The Almex Group is controlled by Timur Qulybayev and his wife Dinara, son-in-law and daughter of former President Nursultan Nazarbayev . Another 6.1 percent is held by the Kazakh pension fund and 26.2 percent are owned by foreign investors.

The following companies belong to the Halyk Group:

Foreign business:

  • Halyk Bank Georgia
  • Halyk Bank Kyrgyzstan
  • Halyk Bank Tajikistan
  • Moskommertsbank (Russia)
  • Tenge Bank (Uzbekistan)

Web links

Individual evidence

  1. Entry in the BIC directory at SWIFT
  2. Annual Report 2019. Halyk Bank, accessed on August 2, 2020 (English, PDF).
  3. ^ Banks in Kazakhstan Give Mergers a Go, Again. The Diplomat, accessed August 2, 2020.
  4. О банке. halykbank.kg, accessed August 2, 2020 (Russian).
  5. ^ Completion of merger of Kazkommertsbank into Halyk Bank. boerse-online.de, accessed on August 2, 2020 (English).
  6. About the Group - Shareholders Structure Halyk Bank, accessed on August 2, 2020.
  7. ^ Halyk Group. Halyk Bank, accessed August 2, 2020.