Halyk Bank Reports Record Q1 Profits in 2025
Photo: Halyk
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
Latest news
- Tourists Face Penalty for Painting Rock Near Lake Shalkar
- Pavlodar Refinery Delays Maintenance to Avoid Fuel Shortages
- Kazakhstan’s First Kurultai Election: What the Turnout and Exit Polls Show
- “Ask Me Next Year”: Tokayev Declines to Reveal Reelection Plans
- Tokayev Says Kazakhstan’s Vice President Will Be Named Within 10 Days
- Kazakh Uranium Giant Plans Major Sales to China and Russia
- Atyrau Oil Company Fined Nearly 1.5 Billion Tenge for Environmental Violations
- Kazakhstan’s Credit Rating Upgraded for First Time in a Decade
- While Thousands Lost Power, KEGOC Executives Received Nearly Half a Billion Tenge
- Changi Airport Group May Help Build Astana’s New Airport
- US Again Extends Deadline for Lukoil to Sell Its Assets in Kazakhstan
- Kazakhstan Extradites Business Manager From Russia in 290 Million Tenge Tax Case
- Released Amur Tiger Successfully Hunts in Kazakhstan’s Wild
- Kazakhstan Moves to Develop Critical Minerals as Global Competition Intensifies
- Another Performance by Kazakh Stand-Up Comedian Called Off
- Uzbekistan Begins Preparations for Second Nuclear Power Plant
- Backpack Links Glacier Remains to Man Missing for 19 Years
- 650-Hectare Wildfire Contained in Karaganda Region
- Unusual Wildlife Encounter Captured in Altyn-Emel
- Retired Border Service Dog Sold for $2 at Kazakhstan Auction
