Halyk Bank Reports Record Q1 Profits in 2025

Halyk Bank JSC, controlled by Timur and Dinara Kulibayev, has reported its financial results for the first quarter of 2025, Orda.kz reports.

According to the report published on the KASE website on May 19, Halyk Bank’s net interest income reached 325.8 billion tenge in the first three months of 2025 — a 30.1% increase compared to the same period last year.

Income from fees and commissions added another 33.7 billion tenge, marking year-on-year growth of 13.4%. The bank’s total net profit reached 275 billion tenge, up 54.5% from early 2024, an increase of one and a half times.

The report attributes the sharp rise in profits to increased lending activity and growth in the bank’s transaction business. Halyk Bank also reported a growing customer base, with clients conducting significantly more transactions than a year earlier.

Operating expenses rose 22.2% year-over-year, primarily due to wage and bonus indexation.

As of April 1, the bank’s total assets were valued at 18.86 trillion tenge, reflecting a 1.7% increase since the beginning of the year. Its liabilities rose by 0.6%, reaching 15.57 trillion tenge.

A significant portion of these profits will go directly to the Kulibayevs. This week, the bank is set to begin distributing 323.49 billion tenge in dividends to shareholders.

Timur and Dinara Kulibayev control 69.77% of Halyk Bank’s shares.

Origianl Author: Nikita Drobny