The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney is part of the Euromoney Institutional Investor PLC
Best Bank Awards

Kazakhstan's best corporate and investment bank 2020: Halyk Bank

Halyk Bank

Umut Shayakhmetova, Halyk Bank.jpg
Umut Shayakhmetova, Halyk Bank

Halyk Bank has its fingers in several pies, from retail and SME banking to insurance and asset management, and is a long-established leader across different parts of the financial markets. It is not just the Central Asian country’s biggest bank by assets, but also ranks top in terms of deposits, net loans and net income.

There is another area where it outshines its peers – investment and corporate banking. Its gross loans to corporate clients rose to KT2.64 trillion ($6.3 billion) by October 1, 2020, from KT2.36 trillion a year earlier, despite the impact of the Covid-19 crisis on manufacturing and industry growth and the deterrent effect on corporate borrowing for new projects.

Halyk managed not only to increase its corporate lending book, but also to avoid concentration risk – both important results given that its corporate banking business is regarded as a barometer of the health of the financial system in Kazakhstan. Its corporate client base spans firms in the services sector, trade, oil and gas, as well as telecommunications, and includes big corporations, the state’s national champions and international companies.

Under

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree