JSC Halyk Bank
JSC Halyk Bank: Оn obtaining regulatory approvals for acquisition of SB “HSBC Bank Kazakhstan” JSC
JSC Halyk Bank / Miscellaneous 19 September 2014 PRESS-RELEASE Оn obtaining regulatory approvals for acquisition of SB ‘HSBC Bank Kazakhstan’ JSC Joint Stock Company ‘Halyk Savings Bank of Kazakhstan’ (‘Halyk Bank’) (LSE: HSBK) announces that it has received the regulator’s approvals for acquisition of SB ‘HSBC Bank Kazakhstan’ JSC According to the resolution of the National Bank of the Republic of Kazakhstan No.173 dated 12 September 2014, Halyk Bank has received the permission No.114 dated 15 September 2014 for acquisition of SB HSBC Bank Kazakhstan JSC. Furthermore, according to the resolution of the National Bank of the Republic of Kazakhstan No.174 dated 12 September 2014, Halyk Bank has received the regulator’s consent for obtaining the status of bank holding of SB ‘HSBC Bank Kazakhstan’ JSC. As announced on 26 February 2014 Halyk Bank has entered into an agreement with HSBC Bank plc to acquire 100% of the share capital in SB ‘HSBC Bank Kazakhstan’ JSC, a wholly owned subsidiary of HSBC Bank plc (‘the Transaction’). The Transaction is expected to complete by the end of 2014. This acquisition will further strengthen the leading position of Halyk Bank in the Kazakhstan banking sector, attracting new customers in the retail segment and among large national companies and large international companies operating in Kazakhstan.
19.09.2014 Dissemination of a Regulatory Announcement, transmitted by EquityStory.RS, LLC – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EquityStory.RS, LLC Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | JSC Halyk Bank | |
109V, Abay ave | ||
050008 Almaty | ||
Kazakhstan | ||
Phone: | +7 727 259 04 27 | |
Fax: | +7 727 259 04 64 | |
E-mail: | halykteam@halykbank.kz | |
Internet: | http://halykbank.kz | |
ISIN: | US46627J3023 | |
WKN: | A0LF36 | |
Category Code: | MSC | |
Sequence Number: | 2271 | |
Time of Receipt: | Sep 19, 2014 13:08:17 | |
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