Halyk Bank Company Profile and Results

Halyk Bank is a major financial institution in Kazakhstan, with a rich history dating back to 1991. It was founded by the Kazakh government as a state-owned bank.

The bank's name, Halyk, translates to "people" in Kazakh, reflecting the bank's commitment to serving the needs of its customers and the community.

Halyk Bank has undergone significant transformations since its inception, including privatization in 1997 and a major restructuring in 2005.

Halyk Bank has a rich history, having been the successor entity of the Savings Bank of the USSR in the Republic of Kazakhstan.

In 2019, Halyk Bank rose to 1522 place from 1595 the previous year in the Global 2000 ranking, solidifying its position as a major player in the global banking industry.

As the largest commercial bank in Kazakhstan, Halyk Bank has a significant presence in the country's financial landscape.

Halyk Bank has a rich history, having been the successor entity of the Savings Bank of the USSR in the Republic of Kazakhstan.

It's impressive to note that Halyk Bank rose to 1522 place from 1595 last year in the annual Global 2000 rating of the largest and most influential public companies in the world.

The bank has made significant strides in recognition, being the only representative from Kazakhstan in the Global 2000 rating.

Halyk Bank was awarded the title of "The Best Bank in Kazakhstan" by the international analytical magazine "EMEA Finance" in 2018.

In 2019, the bank expanded its presence by opening a 100% owned subsidiary in Uzbekistan, Tenge Bank.

Halyk Bank is the largest commercial bank in Kazakhstan. It's a significant player in the country's financial sector.

To give you an idea of its size and scope, here are some key facts about Halyk Bank:

Halyk Bank's focus on data governance and AI will likely have a significant impact on its operations and customer service.

Halyk Bank is owned by ALMEX Holding Group JSC, which holds a significant 64.5% share of the bank's total number of offered shares.

The chairman of the bank's board is Umut Shayakhmetova, a position she has held since 2009.

The bank's board of directors is led by chairman Aleksandr Pavlov.

As of January 1, 2020, the major shareholder of Halyk Bank of Kazakhstan JSC is ALMEX Holding Group JSC with a share of 64.5% of the total number of offered (excluding repurchased) shares of the Halyk Bank.

ALMEX Holding Group JSC is controlled on a parity basis by Timur Kulibayev and his wife Dinara Kulibayeva.

Timur Kulibayev and Dinara Kulibayeva are the son-in-law and daughter of former President of Kazakhstan Nursultan Nazarbayev.

The management team at Halyk bank is led by Umut Shayakhmetova, who has been the chairman of the board since 2009. She also serves as the CEO, a position she has held since 2004.

Umut Shayakhmetova has been instrumental in shaping the bank's strategy and direction. Her experience and leadership skills have been invaluable to the bank's success.

The bank's board of directors is composed of several members, including Aleksandr Pavlov, who has been the chairman since 2004. He brings a wealth of experience and knowledge to the role.

Here is a list of the bank's senior management team:

The bank's management team has a strong track record of delivering results and driving growth.

Halyk Bank has a buyback programme that allows it to purchase its own global depositary receipts (GDRs). The programme was initially announced on September 18, 2024.

The bank's buyback programme involves aggregated transactions conducted by Citigroup Global Markets Limited (Citi). A total of 8,785 GDRs were purchased under this programme.

Here's a breakdown of the aggregated transactions:

Transaction in Own Securities is a common practice where a company buys back its own securities, such as shares or bonds, from the market. This can be done to increase the value of the remaining securities, reduce the number of shares outstanding, or to make acquisitions.

The Bank, Halyk Bank of Kazakhstan Joint Stock Company, recently announced the purchase of its own global depositary receipts ("GDRs") through Citigroup Global Markets Limited ("Citi") under its buyback programme.

The buyback programme was initially announced on September 18, 2024. The aggregated transactions conducted by Citi as part of this buyback programme are provided below.

Here's a summary of the aggregated transactions:

The transactions were conducted on two separate dates, December 23, 2024, and December 24, 2024. The total number of GDRs purchased was 8,785.

Finding your IBAN number can be a bit of a challenge, but don't worry, I've got you covered. You can work out your IBAN based on the example provided, which shows the IBAN code for Halyk Bank in Kazakhstan as KZ86125KZT5004100100.

If you're not sure where to start, you can also log into Halyk Bank online banking or check your bank statement to find the necessary information.

To ensure you get your IBAN number right, don't forget to check with your bank or ask the recipient to provide the details you need.

Here's a breakdown of the IBAN code structure:

Remember, any IBAN or BBAN account numbers used in this article are just examples, so don't try to use them to process a transfer.

Transactions can be categorized into various activities, each with its own sales dynamics.

In the case of Halyk bank, corporate banking sales have been steadily increasing, reaching 375 billion in 2023.

Retail banking sales, on the other hand, have seen fluctuations, peaking at 160 billion in 2022.

Small and medium enterprises (SME) banking has also experienced growth, with sales reaching 150 billion in 2022.

However, investment banking sales have seen a significant spike in 2023, reaching 247 billion.

Here's a breakdown of the sales by activity:

Halyk Bank has a diverse group of companies under its umbrella, each with its own unique focus. Halyk Finance JSC is a provider of banking and financial services, while Altyn Bank JSC offers a wide range of products and services to corporate and retail clients.

Here's a breakdown of Halyk Bank's group companies:

Talgat Zholdasbekovich Ayupov has been the CEO of Halyk Finance JSC since 2019, overseeing the company's operations in Almaty, Kazakhstan.

Sales Geography plays a crucial role in understanding the company structure of Halyk Bank. The bank's sales are geographically diversified across various regions.

Kazakhstan is the largest market for Halyk Bank, with sales increasing from 947 billion KZT in 2019 to 2,106 billion KZT in 2023.

The OECD region is another significant market, with sales fluctuating between 13.9 billion KZT in 2020 and 103 billion KZT in 2023.

The Non-OECD region also contributes to the bank's sales, with a steady increase from 28.82 billion KZT in 2019 to 64.31 billion KZT in 2023.

Here's a breakdown of Halyk Bank's sales geography:

Halyk Savings Bank of Kazakhstan JSC has a number of subsidiaries that operate under its umbrella. These include Halyk Finance JSC, which is a provider of banking and financial services based in Almaty, Kazakhstan.

Halyk-Kazakhinstrakh JSC is another subsidiary of Halyk Savings Bank of Kazakhstan JSC, also based in Almaty, Kazakhstan, and it provides banking services. Moskommertsbank Commercial Bank JSC, on the other hand, is a financial institution based in Moscow, Russian Federation, and it offers a wide range of banking products and services.

Kazkommerts Securities JSC is a leading investment company in the Republic of Kazakhstan, based in Almaty, Kazakhstan. It concludes, supports, and structures deals of any complexity in the interests of its clients.

Here are some of the group companies under Halyk Savings Bank of Kazakhstan JSC:

These group companies are all part of the Halyk Savings Bank of Kazakhstan JSC's network, and they work together to provide a wide range of financial services to clients.

Halyk Bank's data factory is a game-changer, allowing them to make over 10,000 decisions every second to issue loans on more favorable terms than their competitors.

This level of efficiency and precision is made possible by real-time analysis of customer data, including their behavioral characteristics and individual preferences.

Automated proposals are sent to customers through various channels of communication, with the data factory's smart orchestration system selecting the most relevant and available channel for each client.

The data factory's impact was recognized globally, as Halyk Bank took the top spot in the 2021 GlobalCIO Project of the Year competition in the Analytics and Big Data category.