Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed

Halyk Bank is a commercial savings bank in Kazakhstan that also has branches in Kyrgyzstan, Georgia, Russia (sold Moskommertsbank), Tajikistan and Uzbekistan. Its full Kazakh name translates into English as "Peoples' Savings Bank of Kazakhstan Joint-Stock Company".

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed
Glob.Revenue, mln.USD
2403
The Company Statement
December 22, 2022

Halyk Bank of Kazakhstan sold its Russian subsidiary - Moskommertsbank. Such banks as Halyk Savings Bank of Kazakhstan JSC, First Heartland Jusan Bank JSC and Kaspi.kz JSC in Kazakhstan and Ameriabank CJSC from Armenia actively helped foreign companies and international investors who hastened to leave Russia to exchange their rubles for dollars, making good money on this actively helped foreign companies and international investors who hastened to leave Russia to exchange their rubles for dollars, making good money on this.

April 05, 2024Halyk Finance: Idea of transferring Western companies’ stakes in Kazakhstani oil projects to Russia is doubtful
April 02, 2024Mir cards will stop working in Kyrgyzstan
August 02, 2023Wall Street Reaped Ruble Fortune on Clients Fleeing Russia
August 02, 2023Against the background of the withdrawal of investors from the Russian Federation, the world's largest banks earned $6 billion last year from trading in the ruble
August 02, 2023The world's largest banks earned a total of $6 billion last year from trading the ruble
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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