Based on the results of an independent survey of the CIS financial market experts and Cbonds’ senior editorial board, JSC “Halyk Finance” has won the most prestigious award in 2017 – “The Best Investment Bank in Kazakhstan 2017”.

An official “Cbonds Awards Kazakhstan” ceremony, where Kazakhstan's financial market leaders are traditionally selected and recognized every year, was held on March 14th upon completion of the "Debt Market of the Republic of Kazakhstan" annual conference organized by Cbonds Information Agency (St. Petersburg, Russia).

Based on the results of an independent survey of the CIS financial market experts and Cbonds’ senior editorial board, JSC “Halyk Finance” has won the most prestigious award in 2017 – “The Best Investment Bank in Kazakhstan 2017”.

Mr. Arnat Abzhanov, the CEO of Halyk Finance, has stated: “This truly deserved recognition by independent industry experts of our team’s rigorous work with utmost focus every single day is very important to us. We have convincingly outperformed our competitors in key profitability metrics in 2016, namely – Halyk Finance’s net income of KZT 3.8 bn last year was far larger 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.”

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