Kazakhstan's best corporate and investment bank 2021: Halyk Bank
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Kazakhstan's best corporate and investment bank 2021: Halyk Bank

Halyk Bank

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

Halyk Bank’s corporate and investment banking franchise is second to none in Kazakhstan, making it our choice for this award for the third year in a row.

Some impressive numbers got Asiamoney’s attention this time around. By the end of September 2021, Halyk’s corporate loans had risen 17.5% on a gross basis from the end of 2020, while its 90-day-plus non-performing loan ratio fell to 3.4% from 4.0% thanks to the repayment of previously impaired corporate loans.

The number of corporate clients surpassed 1,900 in the third quarter of 2021, with the bank ensuring a diversified portfolio of customers.

Halyk, led by chief executive Umut Shayakhmetova, also took a prudent approach to its own debt and capital markets activity.

In the first quarter of 2021, Halyk fully prepaid the outstanding amount of its $750 million, high-yielding Eurobond to manage its liabilities better. Thanks to this, its total issued debt securities fell by 35.5% compared to the end of 2020.

When it comes to helping its clients tap into global capital markets, Halyk’s investment banking arm bagged a couple of key mandates.

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