/KASE, April 8, 2024/ – Halyk Bank of Kazakhstan JSC (Almaty), whose
securities are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press release:
quote
Halyk announces KZT 250 billion full prepayment of state support funds received
by KKB in the form of a deposit from Kazakhstan Sustainability Fund JSC (KSF).
Earlier, in June and December 2023, Halyk prepaid a part of the KSF deposit of
KZT 68.4 billion, and on 8 April 2024, Halyk prepaid the outstanding KSF deposit
of KZT 181.6 billion. Thus, the total amount of funds returned to the state ahead
of the schedule in 2023 and 2024 amounted to KZT 250 billion.
As a reminder, state support funds in the form of a deposit of KZT 250 billion was
received by KKB back in 2015. After the merger of KKB with Halyk in 2018, Halyk
became the legal successor of the deposit, and the amount of state support
funds was transferred to the balance sheet of the the merged bank.
The KSF deposit funds of KZT 250 billion were repaid ahead of the maturity,
which is 2037, as set forth by the agreement between KKB and Problem Loan
Fund JSC.
unquote
The complete press release is available on:
-
https://kase.kz/files/emitters/HSBK/hsbk_relizs_080424_1.pdf – in Russian;
-
https://kase.kz/files/emitters/HSBK/hsbk_relizs_080424_en.pdf – in English.
[2024-04-08]