Halyk Savings Bank of Kazakhstan says agency Fitch Ratings affirmed long-term default ratings of bank at "BB"; outlook Stable

21.01.16 12:08
/KASE, January 21, 16/ – 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: quote On January 20, 2016 international rating agency Fitch Ratings (hereinafter – "Fitch") affirmed the long-term foreign and local currency IDRs of JSC Halyk Bank (hereinafter – the "Bank" or "Halyk Bank"; rating outlook – "Stable". According to Fitch, affirmed ratings reflect its view that the Bank's resilience to economic headwinds remains fairly strong due to its prominent domestic market positions, sound capitalisation, solid pre-impairment profitability and robust liquidity. The Bank's ratings are one of the highest among Kazakhstan's banks and confirm Halyk Bank's leading position on the market. PR-service of Halyk Savings Bank of Kazakhstan JSC tel. +7 727 2 590 816, pr@halykbank.kz www.halykbank.kz unquote [2016-01-21]