Halyk Bank of Kazakhstan to direct over 30% of revenues to pay dividends

Business Materials 22 May 2015 17:34 (UTC +04:00)

Baku, Azerbaijan, May 22

By Elena Kosolapova - Trend:

Halyk Bank of Kazakhstan JSC will direct more than 30 percent of the income earned in 2014 for the payment of dividends on shares, said the message of the press-service of the bank.

The message said that the general meeting of shareholders approved the payment of dividends on common shares in the amount of 34.3 billion tenge (3.14 tenge per ordinary share), which accounts for 30 percent of the net income of the JSC for 2014 (185.8 tenge = $1).

In addition, 2.6 billion tenge will be allocated to the payment on preferred shares (13.44 tenge per preferred share), which accounts for 2.3 percent of the bank's net income for 2014.

Halyk Bank of Kazakhstan JSC is a leading financial group and the leading retail bank in Kazakhstan. The main shareholder of the bank is Holding Group ALMEX JSC.

Edited by CN


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