Kazakhstan’s Halyk Bank Raises 2017 Profit Guidance

Share of NPL 90+ in Halyk Bank exceeded 13% in first 9 months 2017

ALMATY, Aug 22 (Reuters) – Kazakhstan’s biggest lender, Halyk Bank,, has raised its 2017 consolidated net income guidance to “over 150 billion tenge ($451 million)” from 140 billion tenge, it said in an investor presentation on Tuesday.

The forecast excludes the results of Kazkommertsbank which Halyk Bank took over last month, it said.

Share