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CONTENTS Glossary at a Glance Business Model Chairman of the Board's Statement Chairperson of the Management Board's Review

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CONTENTS Glossary at a Glance Business Model Chairman of the Board's Statement Chairperson of the Management Board's Review CONTENT КZ RU EN ANNUAL REPORT 2015 1 CONTENTS Glossary At a Glance Business Model Chairman of the Board’s Statement Chairperson of the Management Board’s Review Board of Directors Management Board Key Events in 2015 Awards Macroeconomic and Banking Review Financial Review Business Review Risk Management Social Report Corporate Governance Outlook Audited Consolidated Financial Statements for 2015 (Including Independent Auditors’ Report) and Notes to Them Responsibility Statement Information for Shareholders CONTENT КZ RU EN ANNUAL REPORT 2015 2 CONTENTS Glossary At a Glance Business Model Chairman of the Board’s Statement Chairperson of the Management Board’s Review Board of Directors Management Board Key Events in 2015 Awards Macroeconomic and Banking Review Financial Review Business Review Risk Management Social Report Corporate Governance Outlook Audited Consolidated Financial Statements for 2015 (Including Independent Auditors’ Report) and Notes to Them Responsibility Statement Information for Shareholders CONTENT КZ RU EN ANNUAL REPORT 2015 3 CONTENTS GLOSSARY Glossary At a Glance Business Model Chairman of the Board’s Statement Chairperson of the Management Board’s Review 1 Halyk Group, the Group, the Halyk group of Halyk Bank and its subsidiaries Board of Directors companies 2 Road Map for Business 2020 The “Road Map for Business 2020” Unified Management Board Programme for Supporting Entrepreneurship and Business Development Key Events in 2015 3 IT Information technology 4 SME Small and medium-sized enterprise Awards 5 Halyk Bank, the Bank Joint Stock Company “Halyk Savings Bank of Kazakhstan” Macroeconomic and Banking Review 6 NBRK National Bank of Kazakhstan 7 AML Anti-money laundering Financial Review 8 Damu fund Damu Entrepreneurship Development Fund 9 CAR Capital adequacy ratio Business Review 10 IPO Initial public offering 11 KYC Know your customer Risk Management 12 mPOS Mobile acquiring solution 13 OFAC, EU, UN Sanctions lists Social Report Corporate Governance Outlook Audited Consolidated Financial Statements for 2015 (Including Independent Auditors’ Report) and Notes to Them Responsibility Statement Information for Shareholders CONTENT КZ RU EN ANNUAL REPORT 2015 4 CONTENTS Glossary At a Glance Business Model Chairman of the Board’s Statement Chairperson of the Management Board’s Review Board of Directors Management Board Key Events in 2015 Awards Macroeconomic and Banking Review Financial Review Business Review Risk Management Social Report Corporate Governance Outlook Audited Consolidated Financial Statements for 2015 (Including Independent Auditors’ Report) and Notes to Them Responsibility Statement Information for Shareholders CONTENT КZ RU EN ANNUAL REPORT 2015 5 CONTENTS AT A GLANCE Glossary At a Glance FINANCIAL HIGHLIGHTS Business Model 01.01.2016 01.01.2015 Key figures at year-end Chairman of the Board’s Statement KZT mln US$ mln* KZT mln US$ mln* Loans to customers 2,176,069 6,410 1,648,013 9,038 Chairperson of the Management Board’s Review Total assets 4,454,938 13,123 2,809,782 15,406 Amounts due to customers 3,043,731 8,966 1,848,213 10,136 Board of Directors Debt securities issued 597,525 1,760 311,009 1,706 Amounts due to credit institutions 168,258 496 107,192 588 Management Board Total equity 529,928 1,561 475,221 2,606 Key Events in 2015 2015 2014 Key figures Awards KZT mln US$ mln** KZT mln US$ mln** Net interest income 138,187 623 125,748 702 Macroeconomic and Banking Review Fees and commissions, net 42,471 192 50,079 279 Operating expenses (70,805) (319) (62,410) (349) Financial Review Net income 120,312 543 114,377 638 Business Review Key ratios 2015 2014 Return on average common equity 24.4% 27.1% Risk Management Return on average assets 3.7% 4.1% Social Report Net interest margin 6.2% 5.8% Net interest spread 6.6% 5.7% Corporate Governance Cost-to-income 29.2% 29.6% Cost-to-assets 2.2% 2.3% Outlook Tier 1 capital adequacy ratio (BIS guidelines) 18.0% 20.4% Total capital adequacy ratio (BIS guidelines) 18.2% 21.0% Audited Consolidated Financial Statements * Calculated using the official National Bank of Kazakhstan rate on the corresponding date for 2015 (Including Independent Auditors’ Report) ** Calculated using the average official National Bank of Kazakhstan rate for the corresponding period and Notes to Them Responsibility Statement Information for Shareholders CONTENT КZ RU EN ANNUAL REPORT 2015 6 CONTENTS AT A GLANCE Glossary At a Glance NUMBER OF CUSTOMERS/ACCOUNTS AT YEAR-END DISTRIBUTION NETWORK Business Model Key figures 01.01.2016 01.01.2015 Halyk Bank 521 outlets, including: 22 regional branches Chairman of the Board’s Statement Retail accounts, mln 9.3 8.8 Corporate clients 1,591.0 1,521.0 122 sub-regional offices 55 personal service centres Chairperson of the Management Board’s Review Payment cards, mln 5.3 4.7 Retail loans, mln 0.65 0.59 4 VIP centres Board of Directors Mortgage loans 21,900.0 20,024.0 1 bank service centre Other consumer loans 14,297.0 11,823.0 317 cash settlement units Management Board Plastic cards of payroll programme customers (individuals), mln 2.7 2.4 2,251 ATMs Payroll programme clients (legal entities, including public 20,169 POS terminals Key Events in 2015 organisations) 22,866.0 22,483.0 561 multi-service kiosks Internet banking users 577 payment terminals Awards individuals 699,952.0 442,439.0 legal entities 14,888.0 14,074.0 Kazakhinstrakh 18 branches Macroeconomic and Banking Review * Calculated using the official National Bank of Kazakhstan rate on the corresponding date 215 points of sale ** Calculated using the average official National Bank of Kazakhstan average rate for the corresponding period Halyk-Life 17 branches Financial Review Halyk-Leasing 1 branch Business Review Halyk Collection 18 branches, 37 outlets Risk Management Altyn Bank 6 outlets, including: 4 branches (Astana, Almaty, Aktau, Atyrau) Social Report 2 sub-branches (Almaty) Halyk Bank Kyrgyzstan 9 branches, 9 cash settlement units Corporate Governance Halyk Bank Georgia 6 branches Outlook NBK-Bank 2 lending and cash settlement units Audited Consolidated Financial Statements As of 31 December 2015, Halyk Group had 11,827 full-time equivalent employees. for 2015 (Including Independent Auditors’ Report) and Notes to Them Responsibility Statement Information for Shareholders CONTENT КZ RU EN ANNUAL REPORT 2015 7 CONTENTS AT A GLANCE Glossary At a Glance STRUCTURE OF HALYK GROUP* Business Model Chairman of the Board’s Statement Chairperson of the Management Board’s Review NBK-Bank, Russia Halyk Bank Kyrgyzstan Halyk Bank Georgia Altyn Bank (SB of Halyk Bank) Board of Directors Management Board 100% 100% 100% 100% Key Events in 2015 Awards Halyk-Leasing Halyk-Life Kazakhinstrakh Halyk Finance (leasing) (life insurance) (insurance) (brokerage and asset management) Macroeconomic and Banking Review 100% 100% 100% 100% Financial Review Business Review Risk Management Kazteleport Halyk Collection Halyk Project (telecommunications) (cash collection services) (distressed asset management) Social Report 100% 100% 100% Corporate Governance * On 31 December 2014, the Board of Directors of Halyk Bank voted to voluntarily liquidate the subsidiary Accumulating Pension Fund, registered at 96/98 Zheltoksan st., Almaty. Outlook On 7 December 2015, the shares of Accumulating Pension Fund were cancelled in accordance with Kazakh legislation. Audited Consolidated Financial Statements INTERNATIONAL CREDIT RATINGS OF HALYK BANK AS OF 1 APRIL 2016 for 2015 (Including Independent Auditors’ Report) and Notes to Them Agency Long-term rating Outlook Responsibility Statement Moody’s Investor Services Ba2 Negative Fitch Ratings BB Stable Information for Shareholders Standard & Poor’s BB Stable CONTENT КZ RU EN ANNUAL REPORT 2015 8 CONTENTS AT A GLANCE Glossary 1 At a Glance SHAREHOLDERS OF HALYK BANK WITH AT LEAST 5% OF SHARES ISSUED AS OF 1 JANUARY 2016 Business Model Proportion of Proportion of Non-convertible Convertible Proportion of Total preferred No Name Total shares total shares Common shares common shares preferred preferred preferred shares shares Chairman of the Board’s Statement in circulation in circulation shares shares in circulation 1 Total shares authorised 24,680,225,222 - 24,000,000,000 - 600,000,000 80,225,222 680,225,222 - Chairperson of the Management Board’s Review 2 Holding Group ALMEX 8,024,149,068 73.4% 8,003,381,500 73.4% 20,400,000 367,568 20,767,568 99.8% 3 Single Accumulated Pension Fund 716,281,746 6.6% 716,281,746 6.5% - - - - Board of Directors 4 GDRs (ISIN: US46627J3023, US46627J2033) 1,840,058,240 16.8% 1,840,058,240 16.9% - - - - Management Board 5 Other 349,774,984 3.2% 349,729,065 3.2% 43,932 1,987 45,919 0.2% 6 Total shares issued 11,518,603,103 - 11,128,518,451 - 309,859,430 80,225,222 390,084,652 - Key Events in 2015 7 Shares bought back by the Bank (586,399,435) - (217,453,231) - (289,259,381) (79,686,823) (368,946,204) - 8 Shares retained by companies in the Group (1,939,630) - (1,614,669) - (156,117) (168,844) (324,961) - Awards 9 Total shares in circulation (consolidated basis, EPS) 10,930,264,038 - 10,909,450,551 - 20,443,932 369,555 20,813,487 - 10 Total shares in circulation (as per KASE listing rules) - - 2,191,371,327 - - - - - Macroeconomic and Banking Review 11 Market share price, KZT* - - 40.00 - 140.00 140.00 - - * market share price as of 1 January 2016, determined and published by KASE (www.kase.kz) on a daily basis. Financial Review “Holding Group ALMEX” (“ALMEX”) is a holding company that, in addition to its controlling interest in the Bank, Business Review has an interest in “Insurance broker AON Kazakhstan”. Risk Management The Single Accumulated Pension Fund (“SAPF”) collects obligatory pension payments, obligatory professional pension payments and voluntary pension payments and disburses pension payments and is one of the leading Social Report institutional investors on the Kazakhstan stock market.
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