JSC Halyk Bank awarded “Best Trade Finance Bank in Kazakhstan 2012” nomination by Global Finance

Jan 05. Halyk Bank

JSC Halyk Bank awarded “Best Trade Finance Bank in Kazakhstan 2012” nomination by Global FinanceJSC Halyk Bank (hereinafter – Halyk Bank) was selected «Best Trade Finance Bank in Kazakhstan 2012” by Global Finance, a leading international financial magazine, in its annual trade finance survey covering 78 countries.

As reported by Global Finance, criteria for selecting the Bank as the leader in trade finance business included transaction volume, scope of global coverage, customer service, competitive pricing and innovative technologies.

“Now more than ever, the availability of trade finance at reasonable prices is crucial to the health of the global economy”, says Joseph D. Giarraputo, co-founder of Global Finance magazine.

Mrs. Umut Shayakhmetova, CEO of Halyk Bank comments: “We are proud that our efforts are recognized by such a reputable international edition as Global Finance. Trade finance is a strategically important product for us. With export and import turnover accounting for more than 70% of GDP, trade plays essential role in the Kazakhstan’s economy. This fact also demonstrates openness of our economy and high level of integration into the international trade flows. At Halyk Bank, trade finance business has grown by more than 30% in 2011 compared to 2010. We are committed to remain a reliable partner both for our clients and a wide network of correspondent banks internationally with whom we cooperate in trade finance business.”

About Halyk Bank

JSC Halyk Bank is the leading financial services group and the leading retail bank in Kazakhstan with the largest customer base and the broadest branch network. Halyk Bank is servicing around 5.9 mln. retail customers, over 60 thousand SME customers and over 300 corporate clients. Halyk Bank is developing as a universal financial services group rendering a wide range of services (banking services, pension asset management, insurance, leasing, broker services and asset management) to its retail, SME and corporate clients. Halyk Bank is also conducting business in Russia, Georgia and Kyrgyzstan. Total assets of Halyk Bank is USD 15.1 billion as at 30 September 2011.