LONDON - JSC Halyk Bank, a prominent financial services group in Kazakhstan, has completed the purchase of its own global depositary receipts (GDRs) through Citigroup (NYSE:C) Global Markets Limited as part of its buyback program. The transaction took place on the London Stock Exchange (LON:LSEG) (XLON) with a total consideration of $3,958.50 for 203 GDRs at a daily weighted average price of $19.50 per GDR.
The buyback program, which Halyk Bank initially announced on September 18, 2024, is part of the bank's capital management strategy. The detailed individual trades executed can be accessed through the bank's shareholder information website.
Halyk Bank, listed on several exchanges including the Kazakhstan Stock Exchange, London Stock Exchange, and Astana International Exchange, is the largest lender in Kazakhstan with total assets amounting to KZT 17,650.1 billion as of September 30, 2024. The bank has the country's most extensive customer base and branch network, with operations extending to Georgia and Uzbekistan.
This transaction reflects the bank's ongoing efforts to manage its capital effectively. The bank's leading position in the Kazakh financial market is supported by its comprehensive range of services across various sectors, including retail, SME, and corporate banking, as well as insurance, leasing, brokerage, asset management, and lifestyle services.
The information provided is based on a press release statement and does not constitute an offer or solicitation to buy or sell securities. For additional information regarding Halyk Bank, interested parties can visit the official website.
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