Halyk Bank

Halyk Bank
Company typeJoint Stock Company
KASEHSBK
LSEHSBK
IndustryBanking, Financial services
Founded1923[1]
Headquarters,
Area served
Kazakhstan, Kyrgyzstan, Georgia, Russia, Tajikistan, Uzbekistan
Key people
Alexander Pavlov (Chairman)
Umut Shayakhmetova (Chairperson of the Management Board)
RevenueIncrease 380.2 billion tenge (2020)[2]
Increase 352.6 billion tenge (2020)[2]
Total assetsIncrease 12,1 trillion tenge (2022)[3]
Total equityIncrease 1,493.2 billion tenge (2020)[2]
Number of employees
13,452 (2020)[2]
SubsidiariesHalyk Bank Kyrgyzstan
Halyk Bank Georgia
Moskommertsbank
Kazkommertsbank Tajikistan
Tenge Bank
Websitehalykbank.kz

Halyk Bank (Kazakh: Қазақстан Халық Жинақ Банкі, romanizedQazaqstan Halyq Jınaq Banki) is a commercial savings bank in Kazakhstan that also has branches in Kyrgyzstan, Georgia, Russia, Tajikistan and Uzbekistan.[4] Its full Kazakh name translates into English as "Peoples' Savings Bank of Kazakhstan Joint-Stock Company". In Russian-language sources, the bank is often referred to as Narodny sberegatelny bank Kazakhstana (Народный сберегательный банк Казахстана), the Russian equivalent of the name. The bank is the legal successor of the Soviet-era Sberbank in Kazakhstan, analogous to Sberbank in Russia. Halyk Bank is headquartered in the city of Almaty, which was the country's capital until 1997.

Halyk Bank merged with Kazkommertsbank on 27 July 2018.[5] Halyk is Kazakhstan's largest bank with a 35% market share.[6]

Due to protests in January 2022 in Kazakhstan, the share of Halyk bank traded at London Stock Exchange fell 16%.[7]

  1. ^ "HALYK BANK: THE PEOPLE'S BANK OF CHOICE". International Banker. 12 December 2016. Retrieved 30 December 2019.
  2. ^ a b c d "Annual Report 2020" (PDF). kase.kz. Retrieved 13 April 2022.
  3. ^ "Top 5 Kazakhstan banks 2022". zanimaem.kz. Retrieved 13 April 2022.
  4. ^ "Kazakh banks to enter Uzbek market". The Astana Times. 15 July 2018. Retrieved 30 December 2019.
  5. ^ "Merger of Kazkommertsbank, Halyk Bank complete". The Astana Times. Retrieved 30 December 2019.
  6. ^ "Banks in Kazakhstan Give Mergers a Go, Again". The Diplomat. Retrieved 30 December 2019.
  7. ^ Dawkins, David. "Kazakhstan's Tycoons–Including Members Of Nazarbayev Family–Shed Billions As Stocks Plunge". Forbes. Retrieved 2022-01-10.