Halyk Bank has entered into an agreement on sale of 100 percent stake in its subsidiary in Tajikistan, Kazinform reports citing the press service of CJSC Halyk Bank Tajikistan.
“JSC Halyk Savings Bank of Kazakhstan announces an agreement with the CJSC International Bank of Tajikistan to sell 100 percent of stake of CJSC Halyk Bank Tajikistan. The Tajik bank has obtained all necessary regulatory approvals. The transaction is expected to close in December 2022” said in the statement.
During the transaction and upon completion of all procedures, the bank will continue to operate and serve customers as usual, providing all types of banking services in accordance with the terms of previously concluded agreements.
Halyk Bank of Kazakhstan is a leading financial group in Kazakhstan, operating in various sectors, including retail, SMB and corporate banking, insurance, leasing, brokerage and asset management. The Bank has been listed on the Kazakhstan Stock Exchange since 1998, on the London Stock Exchange since 2006 and on the Astana International Exchange since October 2019.
The bank has 577 branches and departments countrywide. The bank operates in Georgia, Kyrgyzstan, Russia, Uzbekistan and Tajikistan.
