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20 August 2021 Joint Stock Company ' Halyk Savings Bank of Kazakhstan ' Consolidated financial results for the six month ended 30 June 2021 Joint Stock Company ' Halyk Savings Bank of Kazakhstan ' and its subsidiaries ( together “ the Bank ” ) ( LSE : HSBK ) releases consolidated financial information for the six months ended 30 June 2021 . Consolidated income statements KZT mln Interest income 1H 2021 407,637 1H 2020 Y - O - Y , % 2Q 2021 2Q 2020 359,848 13.3 % 214,000 180,500 Y - O - Y , % 18.6 % Interest expense ( 169,769 ) ( 151,425 ) 12.1 % ( 83,650 ) ( 76,151 ) 9.8 % Net interest income before 237,868 208,423 14.1 % 130,350 104,349 24.9 % credit loss expense Fee and commission income 70,486 60,246 17.0 % 36,770 29,435 24.9 % Fee and commission expense ( 33,306 ) ( 31,790 ) 4.8 % ( 17,438 ) ( 14,855 ) 17.4 % Net fee and commission income 37,180 28,456 30.7 % 19,332 14,580 32.6 % Net insurance income ( 1 ) 20,443 7,499 2.7x 13,448 5,758 2.3x FX operations ( 2 ) 16,113 11,162 44.4 % 14,355 52,259 ( 72.5 % ) Gain / ( loss ) from derivative 9,019 5,989 50.6 % ( 1,737 ) ( 55,156 ) ( 96.9 % ) operations and securities ( 3 ) Other income , share in profit of associate and income from non- 18,269 21,018 -13.1 % 8,998 5,908 52.3 % banking activities Recovery of credit loss 3,254 expense / ( credit loss expense ) ( 4 ) ( 33,906 ) -109.6 % 9,501 ( 13,816 ) ( 168.8 % ) Other credit loss expense ( 4,378 ) ( 3,116 ) 40.5 % ( 3,261 ) ( 1,205 ) 2.7x Operating expenses ( 83,630 ) ( 5 ) ( 74,637 ) ( 6 ) 12.0 % ( 43,388 ) ( 7 ) ( 37,147 ) ( 8 ) 16.8 % Income tax expense ( 28,700 ) ( 14,894 ) 92.7 % ( 18,988 ) ( 605 ) 31.4x Net profit attributable to common shareholders 225,438 155,994 44.5 % 128,610 74,925 71.7 % Net interest margin , p.a. Return on average equity , 5.0 % 5.2 % 29.9 % 22.6 % 5.4 % 5.0 % 34.4 % 21.2 % p.a. Return on average assets , p.a. 4.3 % 3.3 % 4.8 % 3.1 % Cost - to - income ratio 23.5 % 25.8 % 22.6 % 28.2 % Cost of risk on loans to customers , p.a. ( 0.2 % ) 1.3 % ( 0.8 % ) 1.0 % ( 1 ) तुल ( 2 ) insurance underwriting income ( gross insurance premiums written , net change in unearned insurance premiums , ceded reinsurance share ) less insurance claims incurred , net of reinsurance ( insurance payments , insurance reserves expenses , commissions to agents ) ; Net gain on foreign exchange operations ; ( 3 ) Net ( loss ) / gain from financial assets and liabilities at fair value through profit or loss and net realised gain from financial assets at fair value through other comprehensive income ( FVOCI ) ; ( 4 ) Total credit loss expense , including credit loss expense on loans to customers , amounts due from credit institutions , financial assets at FVTOCI , cash and cash equivalents and other assets ; ( 5 ) Including loss from impairment of non - financial assets of KZT 0.5 bn ; ( 6 ) Including loss from impairment of non - financial assets of KZT 3.6 bn ; ( 7 ) Including loss from impairment of non - financial assets of KZT 0.05 bn ; ( 8 ) Including loss from impairment of non - financial assets of KZT 1.7 bn ; 1