Kazakhstan's Halyk Bank got two highest awards from Global Finance and Emeafinance

For the third time Halyk Bank has been awarded with the title of "Best Bank in Kazakhstan" in Europe Banking Awards 2010 nomination by Emeafinance journal. Global Finance recognized Halyk Bank as the "Best Bank in Kazakhstan" in World's Best Emerging Market Banks nomination.

In May issues of Global Finance and Emeafinance journals the readers can find review materials with the results of the polls held with the leading international experts - analysts of finance industry and banking consultants - who consider Halyk Bank as the leader in Kazakhstan's market. The analysis was based on such criteria as growth in assets, profitability, development of strategic relations, customer service, competitiveness and innovative products.

According to Publisher and CEO of EMEA Finance journal Christopher Moore, Halyk Group is a considerable part of financial and banking sector of Kazakhstan, and the Group's current banking activity is unique which has become a determining factor in choosing the national champion of Eurasia.

"Halyk Bank showed financial growth in a hard crisis period having raised it assets, deposit and loan portfolios; its subsidiary company Halyk Finance played a key role in opening the international market of obligations not only for state-run organizations, like the Development Bank of Kazakhstan and SamrukKazyna, bug it also assisted to KazMunayGas in issuing Eurobonds worth USD 1.25 bln", C. Moore says.

"Kazakhstani banks are aware of the complications caused by the economic decline in recent years", Emeafinance Editor Tim Burke writes, "but the best of them could overcome the crisis as well as to develop their own business". "The growing share of Halyk Bank market and strong financial performance made it the winner of the award "Best Bank in Kazakhstan", he adds.