Fitch Ratings Affirms Halyk Bank’s BBB- Credit Rating with Stable Outlook
Photo: Halyk
The international rating agency Fitch Ratings has confirmed Halyk Bank’s long-term rating in both foreign and national currencies at BBB- with a Stable Outlook, Orda.kz reports.
According to Fitch, the rating is supported by the bank’s high market share in Kazakhstan’s banking sector, consistently strong profitability, significant capitalisation, and solid liquidity.
The agency explained that the Stable Outlook reflects expectations that Halyk Bank’s credit metrics will remain strong in the medium term. Fitch highlighted the bank’s robust business model, with strong positions in both corporate and retail banking, a balanced loan portfolio, and improved asset quality over the past five years.
The agency also expects Halyk Bank to maintain high profitability in 2025–2026, supported by strong margins, high operational efficiency, and a low cost of risk.
The affirmation of the credit rating by Fitch Ratings reflects the bank’s effective performance in the face of a changing economic environment and external challenges. The agency’s assessment underscores Halyk’s financial stability and reliability as a leading player in Kazakhstan’s banking market. It also confirms the trust and confidence the market places in Halyk, the bank said in a statement.
Partner material
Original Author: Maria Kravtsova
Latest news
- Kazakhstan Ratifies Amendments to Legal Assistance Conventions
- South Korea to Import Oil From Kazakhstan, but Saudi Arabia Remains the Main Supplier
- Kazakhstan Remains Vulnerable to Mudflows, Deputy Says
- Russia and Azerbaijan Agree on Compensation After AZAL Crash Near Aktau
- U.S.-Kazakhstan Talks in Washington Focus on Economy and Regional Issues
- Kazakhstan Khalkyna Foundation Expands Support for Healthcare, Education and Sports
- Former Massimov Son-in-Law Loses Terminal at Dostyk Station
- Bathing in the Pond and Damaging Trees: Almaty Botanical Garden Tightens Rules After Vandalism
- Kazakhstan Announces Launch of New Political Party Adilet Ahead of Kurultai Elections
- Government Decides Fate of Hundreds of Thousands of Hectares of Former Semipalatinsk Test Site
- Deputies Want Firefighters Given Power to Break Through Barriers and Blocking Cars
- Kazakhstan to Create National Rating Agency
- Less Than 1% of Employees in Kazakhstan Work Remotely
- Air Astana and FlyArystan Fined for Submitting Inaccurate Aviation Fuel Data
- Chinese Tourist Arrivals in Kazakhstan Rose Sharply in 2025, Analysts Say
- New Tax Code Has Not Slowed Business Growth in Kazakhstan, MNE Says
- Kazakhstan Plans Sharp Increase in Minimum Wage
- Tax Authorities to Start Checking Mobile Transfers in Kazakhstan From April 15
- After Outcry Over Altyn-Emel, Stretch of Highway Cleared of Garbage
- Ministry of Finance to Withdraw Idle Funds From Accounts of State Companies
