Halyk Bank Profit Up Nearly 40% in First Half of 2025

The net profit of JSC Halyk Bank of Kazakhstan for the first half of 2025 rose by 39.4% compared to the same period in 2024, Orda.kz reports.

According to the financial report published on KASE, the bank’s growth was driven primarily by increased lending and transaction business. 

Net profit was negatively affected by the excess profit tax introduced on income from certain banking operations for 2025. Net profit growth, adjusted for the repayment of the KFU deposit and the excess profit tax, will be 19.8%,
says the report on KASE.

Halyk Bank’s interest income in the first half of the year grew by 27.4% year-on-year, supported by a higher average balance of client loans. Interest expenses also rose (+27.6%), reflecting an increase in average rates, larger balances of client funds, and a higher share of deposits kept in tenge.

Controlled by the Kulibayev family, Halyk Bank had already posted strong results in the first quarter of 2025.

The bank may channel part of its earnings into regional expansion: it recently signed a strategic agreement with Uzbek company JSC Click to acquire a stake in one of Uzbekistan’s leading payment systems.

Original Author: Nikita Drobny