April 12, 2017
JSC Subsidiary Organization of Halyk Bank of Kazakhstan “Halyk Finance” has been named “The Best Investment Bank in Kazakhstan” for the record 7th consecutive year by EMEA Finance.
Upon its annual rigorous selection of the world’s leading investment banks – “Europe Banking Awards 2016” – EMEA Finance (www.emeafinance.com), a renowned international financial magazine, has named Halyk Finance “The Best Investment Bank in Kazakhstan 2016”. For the 7th consecutive year, Halyk Finance has become the winner of this highly prestigious award where voting is made by the leading industry experts from all over the world, which cements Halyk Finance’s sustained leading position in Kazakhstan’s highly competitive investment banking market.
Earlier this year, Halyk Finance has won the “EMEA Finance Achievement Awards” for the record 7th consecutive year as well in the following two prestigious nominations:
- “The Best Sub-Sovereign Bond in EMEA” for JSC National Company Kazakhstan Temir Zholy’s KZT 50 billion 10-year bond issuance in April 2016 in which Halyk Finance has acted as the Sole Lead Manager and Bookrunner; and
- “The Best Local Currency Bond in EMEA” for JSC KazAgroFinance’s KZT 8 billion 5-year bond in November 2016 in which Halyk Finance has acted as the Sole Lead Manager and Bookrunner.
In March 2017, based on the results of an independent survey of the CIS financial market experts and Cbonds’ senior editorial board, Halyk Finance had also won “The Best Investment Bank in Kazakhstan 2017” award from Cbonds Information Agency (St. Petersburg, Russia).
Mr. Arnat Abzhanov, the CEO of Halyk Finance, has stated:
“This truly deserved recognition by independent international financial industry experts of our team’s rigorous work with utmost focus on every client every single day is very important to us. Acknowledgement of Halyk Finance as the best investment bank in Kazakhstan for the record 7th consecutive year is an extraordinary achievement not only in Kazakhstan with its very competitive investment banking industry, but in our entire Central Asian region as well.
In 2016, we have convincingly outperformed our competitors in key profitability metrics, namely – Halyk Finance’s net income of KZT 3.8 bn last year was much bigger than that of our nearest competitor, and our 2016 net income achievement has shattered Halyk Finance’s previous historic record-high net income of KZT 3.3 bn recorded back in 2015. Even despite the significant size of our shareholders’ equity, our return on average equity (RoAE) in 2016 stands at very impressive 24%. During 2016, Halyk Finance’s total assets under management grew by healthy 12% to almost KZT 100 bn.
In addition to setting Halyk Finance’s all-time high net income record, we have launched a new product in 2016 – an open-ended mutual ‘Halyk - Hard Currency’ investment fund. Despite being only one year old, our fund has already become the largest mutual fund in Kazakhstan with assets of $6 million and it is the only mutual fund in Kazakhstan which is denominated in US dollars.
Last but not least, Halyk Finance remains the 1st and only investment bank in Kazakhstan which has received (in July 2014) and constantly keeps maintaining a robust international credit rating – ‘BB/Stable’ from Fitch Ratings.”
JSC Halyk Finance – the leading investment bank in Kazakhstan rendering a full range of investment banking services including consulting and underwriting, corporate finance (M&A advisory and corporate debt restructurings), sales and trading with market making on the KASE, investment portfolio management and research.
JSC Halyk Bank of Kazakhstan – one of Kazakhstan's leading financial services groups and a leading retail bank with the largest customer base and distribution network among banks in Kazakhstan. The Bank is developing as a universal financial group offering a broad range of services (banking, insurance, leasing, brokerage and asset management) to its retail, small and medium enterprises and corporate customers. Halyk Bank also operates in Russia, Georgia and Kyrgyzstan.
EMEA Finance– an international financial magazine which covers important events and news in corporate finance in Europe, Middle East and Africa.
For more information, please contact:
Mr. Sanzhar Ospanov
Consulting & Underwriting
JSC Halyk Finance
tel: + 7 (727) 357 31 77
JSC Halyk Bank
tel: +7 (727) 259 08 16