OREANDA-NEWS. September 04, 2012. In compliance with the Resolution of the National Bank of the Republic of Kazakhstan Halyk Savings Bank of Kazakhstan has been granted the insurance holding status holding over 25% of insurance companies Kazakhinstrakh JSC and Halyk-Life JSC shares, reported the press-centre of KASE.

Halyk Savings Bank of Kazakhstan JSC is the leading financial group and the leading re-tail bank in Kazakhstan with the largest clients base and network. The Bank is developing as the financial group, providing wide range of services (banking, pension, insurance, leasing, brokerage and assets management) to its re-tail clients, small and medium size businesses and corporate clients. Halyk Bank also operates in Russia, Georgia and Kyrgyzstan.

Kazakhinstrakh JSC - the universal insurance company, providing wide range of insurance services to all categories of legal entities and individuals. During 12 years, Kazakhinstrakh JSC is one of the leaders on collection of insurance premiums on the insurance market of Kazakhstan. The company has wide network of affiliates and agencies across Kazakhstan. The agency network has over 2000 agents. Halyk Savings Bank of Kazakhstan JSC holds 99.75% of Kazakhinstrakh JSC shares. International Rating Agency A.M.BEST defined Kazakhinstrakh JSC financial sustainability rating at "B++" (Good) and an issuer credit rating at "bbb". The outlook of both ratings is stable.

Halyk-Life JSC provides services on life insurance. Halyk Savings Bank of Kazakhstan JSC is the sole shareholder of the company.