OREANDA-NEWS. June 03, 2010. Joint Stock Company 'Halyk Savings Bank of Kazakhstan' and its subsidiaries (together "the Bank") (LSE: HSBK) releases its interim financial information for the three month ended 31 March 2010, reported the press-centre of KASE.

1st quarter 2010 financial highlights          

- Net income increased by 179.6 percent to KZT 11.4 billion from KZT 4.1 billion in 1Q 2009

- Total assets increased by 4.7 percent
                                                                     
- Amounts due to customers increased by 8.8 percent

- Amounts due to individuals increased by 2.8 percent

- Gross loans to customers decreased by 0.8 percent

- Total equity increased by 4.7 percent

- Net interest income before impairment charge decreased by 1.1 percent to KZT 24.1 billion from KZT 24.4 billion in 1Q 2009

- Net interest income increased to KZT 10.8 billion from net interest loss of KZT 3.9 billion in 1Q 2009

- Net fees and commissions decreased by 20.3 percent to KZT 8.2 billion from KZT 10.3 billion in 1Q2009 and increased by 40.2 percent compared to 1Q 2008

- Other non-interest income decreased by 14.5 percent to KZT 6.2 billion from KZT 7.3 billion in 1Q 2009 and increased by 352.0 percent compared to 1Q 2008

- Operating expenses increased by 18.1 percent to KZT 11.2 billion from KZT 9.5 billion in 1Q 2009 and by 10.7 percent compared to 1Q 2008

- Net interest margin before allowance for impairment losses decreased to 5.2 percent from
  6.0 percent in 1Q 2009 and 5.3 percent in Y2009

- Cost-to-income ratio increased to 30.4 percent from 23.2 percent in 1Q 2009

- Basel Tier 1 capital adequacy ratio increased to 17.9 percent

- Basel Total capital adequacy ratio increased to 21.9 percent

- Loan-to-deposit ratio decreased to 0.80х

- Impairment charge decreased by 52.8 percent to KZT 13.3 billion from KZT 28.3 billion in 1Q 2009

- Provisioning rate increased to 16.4 percent of gross loans to customers

- Return on average common shareholders' equity increased to 16.7 percent per annum from 8.1 percent per annum in 1Q 2009

- Return on average total assets increased to 2.2 percent per annum from 0.9 percent per annum in 1Q 2009.

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The press release full version is available on KASE website at:

- in Russian at http://www.kase.kz/files/emitters/HSBK/hsbk_reliz_010610.pdf

- in English at http://www.kase.kz/files/emitters/HSBK/hsbk_reliz_010610_eng.pdf