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 Cancels Exam Results For More Than 700 University Applicants
- Astana LRT Operator Looks For Funding In China
- Smoke From Russian Wildfires Reaches Eastern Kazakhstan
- Kazakhstan Offers EU A Broader Partnership In Eurasia
- Oil Leak Reported In Caspian Sea Near Azerbaijan Coast
- Kazakhstan To Build 250 Roadside Service Stations For 180 Billion Tenge
- Police Chase With Kazakh Driver In Phuket Ends In Crash And Injuries
- Foreigners Moving To Kazakhstan Are Choosing Big Cities Over Most Regions
- Turkestan Region Leads Kazakhstan In Twin Births
- From Grain To AI: What Kazakhstan Brought To Afghanistan
- Helicopters Drop 39 Tons Of Water On Forest Fire In East Kazakhstan
- Kazakhstan Tightens Border Checks Despite Saying There Is No Fuel Shortage
- Kazakhstan Seeks Greek Investment In Energy And Transport
- Global Rating Agency Confirms Kazakhstan’s Investment-Grade Status
- Kazakh Company Sent $16 Million To China, Got No Goods And A Huge Fine
- Kazakh Parties Are Losing Focus With Overly Broad Programs, Expert Says
- Almaty Man Registered 990 People In One-Room Apartment And Received Sentence
- Montenegro President Makes First Official Visit To Kazakhstan
- Gas Prices In Kazakhstan To Rise From July 1
- Kazakhstan’s Oldest Gold Mining Company Resold For 8.7 Billion Tenge
