AO Halyk Savings Bank (HSBK), the lender controlled by Kazakh President Nursultan Nazarbayev’s daughter and son-in-law, said first-half profit climbed 50 percent from a year earlier because of lower impairment charges and an increase in fees and commissions.
Net income was 31.6 billion tenge ($212 million) compared with 21.1 billion tenge in the first six months of last year, Halyk Bank said today in a statement. The lender’s second- quarter net income advanced 41 percent from a year earlier to 14.8 billion tenge, Halyk said on its website.
To contact the reporter on this story: Nariman Gizitdinov in Almaty at firstname.lastname@example.org
To contact the editor responsible for this story: Stephen Voss at email@example.com