Halyk Savings Bank of Kazakhstan announces operating results of Halyk – Kazakhinstrakh, subsidiary insurance company of Halyk Bank of Kazakhstan, for first half-year of 2014

25.08.14 17:42
/KASE, August 25, 14/ – Halyk Savings Bank of Kazakhstan JSC (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of August 25, 2014: quote Based on results of the first half-year of 2014 the net income of Halyk – Kazakhinstrakh, subsidiary insurance company of Halyk Bank of Kazakhstan, (hereinafter – the Company or Kazakhinstrakh) made up KZT1.4 bn, equity capital as of June 30, 2014 compared with the similar period of 2013 increased by 13.6% and made up KZT21.6 bn; assets of the Company as of June 30, 2014 compared with the similar period of 2013 increased by 16.5% and made up KZT50.0 bn. As of the reporting date, the volume of the Company's insurance reserves to cover accepted obligations on current insurance and re-insurance agreements, made up KZT20.5, which is 5.1% more than insurance reserves formed as of June 30, 2013. unquote The full press-release is available on KASE website at: - http://www.kase.kz/files/emitters/HSBK/hsbk_reliz_250814_1kz.pdf – in Kazakh; - http://www.kase.kz/files/emitters/HSBK/hsbk_reliz_250814_1.pdf – in Russian. [2014-08-25]