OREANDA-NEWS. May 06, 2010. Halyk Bank of Kazakhstan held its annual general meeting of shareholders, where the group approved its Y2009 financial results, reported the press-centre of KASE.

The Board of directors of the bank examined the group's development strategy for Y2010 - Y2012.

The priorities are the same - steady growth, maintenance of loan portfolio quality, support of domestic market and, in particular, national producers, further development of the regional universal financial group operating on international standards and oriented on customers in countries of operation (Kazakhstan, Russia, Georgia, Kyrgyzstan).

The bank aims to gradually increase the loan portfolio, improve services and careful treatment of resources.

The group will strive to provide its clients with a wide range of financial products through a developed branch network (boasting 622 sales points) and subsidiaries.

Due to the crisis the bank closed non-profitable sales points - in Mongolia and a few units in Kazakhstan.

The group's recourses are sufficient for its further development and growth. This is why the group is not planning any M&A activity in the nearest two years.

After the approval the full version of the Group's Strategy for Y2010 - Y2012 will be released at the bank website www.halykbank.kz.