“Joint Stock Company Halyk Savings Bank of Kazakhstan (LSE: HSBK; KASE: HSBK, HSBKd; AIX: HSBK, HSBK.Y) announces the sale of 100% shares of JSC CB Moskommertsbank,” reads an official statement of the company published by Kazakhstan Stock Exchange (KASE). No details of the deal are provided at the company’s press release.
Founded in 2001, Moskommertsbank is a universal bank providing a wide range of banking products and services to retail, SME and corporate clients. JSC Halyk Bank became a sole shareholder of the CB Moskommertsbank (JSC) in December 2018.
Moskommertsbank is a member of the deposit insurance system. It has licenses for banking operations, brokerage, dealer, depositary activities, banking operations with individuals. The Bank is a member of the currency/stock section of the Moscow Interbank Currency Exchange.
Halyk Bank is Kazakhstan's leading financial services group, operating across a variety of segments, including retail, SME & corporate banking, insurance, leasing, brokerage and asset management. Halyk Bank has been listed on the Kazakhstan Stock Exchange since 1998, on the London Stock Exchange since 2006 and Astana International Exchange since October 2019.
With total assets of KZT 14,207.9bn (US$ 31 billion) as at September 30, 2022, Halyk Bank is Kazakhstan’s leading lender. The Bank has the largest customer base and broadest branch network in Kazakhstan, with 575 branches and outlets across the country. The Bank operates in Georgia, Kyrgyzstan and Uzbekistan.
Previously, Halyk Bank left the Tajik market.
According to Forbes Kazakhstan, in September 2022, the head of the Central Bank, Umut Shayakhmetova, reported that 80 employees of Moskommertsbank received summons to the military enlistment office in connection with the start of mobilization in Russia.
