site.news_by_theme Halyk Bank

Photo © Turar Kazangapov
New Deputy Chairman for Halyk Bank appointed

Halyk Bank of Kazakhstan has appointed a new Deputy Chairman of the Management Board.

New Deputy Chairman for Halyk Bank appointed
©Yaroslav Radlovsky
Head of Kazakh bank tags tenge deficit artificial

Chairman of one of Kazakhstani banks says that the tenge deficit in Kazakhstan is created artificially.

Head of Kazakh bank tags tenge deficit artificial
Kazakhstan-based Halyk Bank closes deal to purchase HSBC Kazakhstan

The newly purchased entity has been renamed to Altyn Bank and is to be a separate legal entity as planned.

Kazakhstan-based Halyk Bank closes deal to purchase HSBC Kazakhstan
© Yaroslav Radlovsky
Halyk Bank to purchase Kazakhstan-based HSBC subsidiary

According to the press-release, the deal is subject to approval and is expected to be finalized in 2014.

Halyk Bank to purchase Kazakhstan-based HSBC subsidiary
Halyk Bank renounces buying government’s stake in BTA

Samruk-Kazyna made Halyk Bank an offer to purchase its stake in BTA March 27, 2013.

Halyk Bank renounces buying government’s stake in BTA
Halyk Bank of Kazakhstan. ©Yaroslav Radlovskiy
Halyk Bank may give up on BTA deal

The deal to purchase BTA by Halyk Bank may take longer than planned; one shouldn’t rule out the possibility of Halyk Bank giving up on the idea of purchasing BTA in case Kazakhstan Government doesn’t offer concessions in terms of price.

Halyk Bank may give up on BTA deal
Halyk Bank top manager on purchase of BTA

Purchase of BTA by Halyk Bank and sales of Halyk Bank’s pension fund [to the Government] should be separate deals: Halyk Bank Chairman of the Board Alexander Pavlov.

Halyk Bank top manager on purchase of BTA
BTA Bank. Photo courtesy of vesti.kz
Halyk Bank on purchasing BTA

Halyk Bank has entered negotiations over the offer to purchase BTA. The due diligence is under way.

Halyk Bank on purchasing BTA
BTA Bank. Photo courtesy of vesti.kz
Buying BTA Bank may have harm Halyk Bank: Standard & Poor’s

In case of this deal Halyk will become the biggest Kazakhstan bank by assets and its market share will make over 25 percent.

Buying BTA Bank may have harm Halyk Bank: Standard & Poor’s

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