MSCI Upgrade ESG rating to ‘BBB' from 'BB'

26 April 2024

Joint Stock Company "Halyk Bank of Kazakhstan"

Press Release

MSCI Upgrades Halyk Bank's ESG rating to 'BBB' from 'BB'

On 27 March 2024, MSCI ESG Research LLC ('MSCI') has upgraded Halyk Bank's ESG rating to 'BBB' from 'BB' following the publication of Annual report and Sustainability report for 2021 and 2022.

The upgrade was a result of significantly enhanced ESG related disclosure and driven by continuous improvements in Bank's overall governance practices, further enhancement in the Bank's privacy and data security practices, as well as leading consumer protection framework among industry peers.

About Halyk Bank

Halyk Bank is Kazakhstan's leading financial services group, operating across a variety of segments, including retail, SME & corporate banking, insurance, leasing, brokerage and asset management. Halyk Bank has been listed on the Kazakhstan Stock Exchange since 1998, on the London Stock Exchange since 2006 and Astana International Exchange since October 2019.

With total assets of KZT 15,494.4bn as at 31 December, 2023, Halyk Bank is Kazakhstan's leading lender. The Bank has the largest customer base and broadest branch network in Kazakhstan, with 570 branches and outlets across the country. The Bank also operates in Georgia and Uzbekistan.

For more information on Halyk Bank, please visit: https://www.halykbank.com

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