Halyk Bank Net Grew 58% to 16.8 Billion Tenge in First Quarter

AO Halyk Savings Bank said first- quarter profit jumped 58 percent from a year earlier because of lower impairment charges and an increase in net interest income.

Profit was 16.8 billion tenge, compared with 10.6 billion tenge a year earlier, Halyk Bank said today in a statement.

To contact the reporter on this story: Nariman Gizitdinov in Almaty at ngizitdinov@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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