OREANDA-NEWS. April 01, 2010. Halyk Savings Bank of Kazakhstan (Almaty), listing on Kazakhstan Stock Exchange (KASE), provided KASE with a press release dated
April 1, 2010:
Quotation begins
Joint Stock Company 'Halyk Savings Bank of Kazakhstan' and its subsidiaries (together "the Bank") (LSE: HSBK) releases its consolidated financial statements for the year ended 31 December 2009 prepared in accordance with International Financial Reporting Standards and audited by Deloitte, LLP.

Y2009 Financial Highlights

- Total assets increased by 22.5 percent
- Amounts due to customers grew by 46.9 percent
- Amounts due to individuals increased by 20.9 percent
- Loans to customers decreased by 4.6 percent
- Total equity increased by 47.1 percent
- Cash and cash equivalents increased by 198.4 percent
- Net income increased by 9.1 percent to KZT 15.9 billion
- Net fee and commissions grew by 47.1 percent
- Interest income increased by 0.7 percent
- Operating expenses increased by 0.4 percent
- Impairment charge increased by 39.2 percent
- Net interest margin decreased from 6.0 percent to 5.3 percent
- Cost-to-income ratio decreased from 34.4 percent to 30.0 percent
- Basel Tier 1 capital adequacy ratio increased to 16.9 percent
- Basel Total capital adequacy ratio increased to 20.6 percent
- Loan-to-deposit ratio decreased to 0.89х
- Provisioning rate increased to 15.5 percent of gross loans.