OREANDA-NEWS. On February 01, 2007 Joint Stock Company ‘Halyk Savings Bank of Kazakhstan’ (Halyk Bank) (LSE: HSBK) has been recognised as “A Leading Bank in Corporate Governance in Emerging Europe” in a corporate governance survey conducted by Euromoney of 146 companies, reported the press-centre of Halyk Bank.

Mr. Martin Born, Director for CEE, Russia and CIS, Euromoney highlighted that: “The banks that received Euromoney’s Corporate Governance Awards represent the world’s strongest financial institutions despite all hurdles in today’s banking. They were rewarded for their stable market positions, high yield level, growth potential and efficient management. These banks really offer first-class financial services and are trustworthy.”

This award is recognition of Halyk Bank’s commitment to and progress in implementation of international best practices in corporate governance.

Halyk Bank is one of Kazakhstan’s leading financial services groups and a leading retail bank with the largest customer base and distribution network among Kazakh banks. The Bank is developing as a universal financial group offering a broad range of services (banking, pensions, insurance, leasing, brokerage and asset management) to its retail, small and medium enterprise and corporate customers. It is seeking further expansion of its international operations and credit exposure in the region.

As at 30 September 2007 Halyk Bank’s branch network consisted of 665 outlets, comprising 22 regional branches, 128 district branches, 466 limited service branches, four VIP centres and 45 personal service centres.