Halyk Savings Bank of Kazakhstan JSC

Moody’s affirmed Halyk Bank’s long-term local- and foreign-currency deposit ratings at Baa1 on September 9 and kept the outlook stable. The agency cites strong capitalization (TCE/RWA 18.5% as of June 2026), a liquidity buffer equal to 27% of total assets and a return on total capital of more than 4% since 2024. The share of non-performing loans rose to 8.6% (June 2026); Moody’s expects asset quality to stabilize at around 8–9% over the next 12–18 months. The ratings also reflect a very high probability of government support; Halyk holds 28.6% of Kazakhstan’s banking-system assets and reported total assets of 22,036 billion KZT as of June 30, 2026. » Mere på de.investing.com

Fitch on 9 September affirmed Halyk Bank’s long-term issuer default ratings in foreign and local currency at BBB- with a stable outlook and also assigned a Viability rating of bbb-. The agency cited Halyk Bank’s large market shares in Kazakhstan (around 29–30%), profitability, capitalization and liquidity. Key figures: CET1 ratio 19% as of first half of 2026, net interest margin 6.9% on an annualized basis, total assets 22.036 bln KZT, 530 branches, and operations in Georgia and Uzbekistan. » Mere på de.investing.com

S&P Global Ratings has raised the outlook for Halyk Bank from "stable" to "positive" and affirmed the long-term issuer rating at BBB-/A-3. The agency also upgraded the country-risk assessment for the Kazakh banking sector from 7 to 6, citing a strengthening of the regulatory framework. S&P expects Halyk Bank to maintain its capital ratios, keep risk costs below 1.5%, and reduce the share of stage-3 loans to under 7% by 2027–2028. » Mere på de.investing.com