OREANDA-NEWS. On February 03, 2009 JSC "Halyk Bank" ("Halyk Bank” or “the Bank”) announced that it received from JSC "National Wealth Fund "Samruk-Kazyna" (“Samruk-Kazyna”) two term deposits for total amount of KZT 120 billion on January 30, 2009, reported the press-centre of Halyk Bank.

Funds from the first deposit in amount of KZT 60 billion will be used to increase capital of the Bank in the nearest future. The second deposit of the same size of KZT 60 billion is placed with the Bank for a long-term period and is aimed for lending to companies in the strategically important industries in the real sector of the Kazakhstan’s economy such as industrial and social infrastructure, energy, agriculture and food production, transport and communication, retail and wholesale trade, services, machinery, metallurgy, oil and gas.

Earlier on January 15, 2009 Samruk-Kazyna and Halyk Bank signed agreements on implementation of joint actions to support the Kazakhstan’s economy as part of the Government’s stabilization program. According to the agreements, the Bank will raise new capital from Samruk-Kazyna for total amount of up to USD 500 million in form of common and preferred shares as well as other instruments. It is expected that Samruk-Kazyna will purchase up to 25% of common shares of the Bank after completion of the relevant procedures in accordance with the Kazakhstan’s legislation and the London Stock Exchange regulations.

As reported previously, on January 22, 2009 Mr. Grigory Marchenko, CEO of the Bank since January 2005, was appointed Governor of the National Bank of the Republic of Kazakhstan. Halyk Bank’s Board of Directors supporting continuation of the adopted strategic development plan, has elected Mrs. Umut Shayakhmetova as a new CEO of the Bank. Mrs. Umut Shaykhmetova held a position of Deputy CEO of the Bank responsible for corporate banking since 2004. Prior to joining Halyk Bank Mrs. Umut Shayakhmetova spent more than 7 years at ABN AMRO holding various top management positions. Composition of the Bank’s management board has not changed and it continues to work in a previous setting.

Halyk Bank is a leading, systemically important financial institution in Kazakhstan with the largest branch network (more than 700 outlets), largest number of clients (about 6 million individuals, more than 53 thousand SME and more than 300 corporate clients).

The Bank holds a leading position in various banking product markets such as transactional banking, retail and corporate deposits, payment cards, foreign exchange, lending and many others. Halyk Group incorporates Halyk Pension Fund (the largest pension fund and asset management company in Kazakhstan), JSC KazakhInStrakh (the leading non-life insurance company) and a number of other financial service companies. In addition, Halyk Bank owns subsidiary banks in Russia, Kyrgyzstan and Georgia.