Q3 2025 Halyk Bank AO Earnings Call Transcript

Nov 13, 2025 / 02:00 PM GMT

Transcript

Key Points

Positve

Net interest margin increased to 7.2% for the first nine months of 2025, up from 7.1% in the same period of 2024.
Net fee and commission income rose by 10% due to increased transactional income from legal entities and fees on letters of credit and guarantees.
The cost-to-income ratio improved to 16.9% from 17.6% in the previous year, indicating better operational efficiency.
Deposits from legal entities and individuals grew by 11.3% and 7.2%, respectively, reflecting strong client fund inflows.
The bank's updated guidance for 2025 indicates a net income improvement to over 1 trillion KZT, despite increased taxation and reserve requirements.

Negative

Interest expense increased by 30.5% due to higher average rates and balances of amounts due to customers.
Operating expenses rose by 22.5%, driven by salary indexation, employee benefits, and IT development costs.
Total stage three loans increased to 6.9% due to a moratorium on the sale of problem retail loans to collection agencies.
Capital adequacy ratio decreased to 7.1% from 7.5% in the third quarter of 2025, partly due to dividend payments.
The cost of risk increased slightly to 1.4% from 1.3% in the previous year, indicating a marginal rise in credit risk.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HSBK.KZ - Halyk Bank AO
Q3 2025 Halyk Bank AO Earnings Call
Nov 13, 2025 / 02:00PM GMT

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Presentation
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First Interest expense for nine months 2025 increased by 30.5% versus nine months 2024, mainly as a result of the increase in average rates and balances of amounts due to customers, as well as the growth in the share of KZT amounts due to customers.

Despite the increase in average rates in amounts due to customers in 9 months with 25.

Nim was positively impacted by the increase in share of total interest earning assets versus total interest-bearing liabilities.

As a result, net interest margin has grown to 7.2% for nine months, 2025 compared to 7.1% for nine months 2024.

In 9 months of 2025, the average rates of total interest earning assets has grown to 14.8%. The average rates on securities grew to 8.6% in

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