Kazakhstan’s Halyk Bank Ups 2016 Profit Guidance To 120 Bln Tenge

Kazkommertsbank To Become An Affiliated Bank Of Halyk Bank Of Kazakhstan

ASTANA Nov 21 (Reuters) – Kazakhstan’s second-biggest lender, Halyk Bank , raised its 2016 net income guidance to around 120 billion tenge ($353 million) on Monday from a previous forecast of over 100 billion tenge.

The bank said in a presentation on its website it now forecast interest-earning assets to grow 27-30 percent this year, up from the previously expected 15-20 percent.

Remind that Nov 18 Halyk Bank said a merger with top-ranked Kazkommertsbank (KKB) had been considered but said “there can be no certainty that this will lead to commencement of negotiations”.(Reporting by Olzhas Auyezov; Editing by Alexander Winning)

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