Page 1

19 November 2021 Joint Stock Company ' Halyk Savings Bank of Kazakhstan ' Consolidated financial results for the nine month and third quarter ended 30 September 2021 Joint Stock Company ' Halyk Savings Bank of Kazakhstan ' and its subsidiaries ( together " the Bank " ) ( LSE : HSBK ) releases consolidated financial information for the nine months and third quarter ended 30 September 2021 . Consolidated income statements Interest income Interest expense Net interest income before credit loss expense Fee and commission income Fee and commission expense Net fee and commission income Net insurance income ( ¹ ) FX operations ( 2 ) Gain / ( loss ) from derivative operations and securities ( 3 ) Other ( expense ) / income , share in profit of associate and income in non - banking activities ( 4 ) Credit loss expense ( Other credit loss expense ) / recoveries of other credit loss expense Operating expenses Income tax expense Non - controlling interest Net profit attributable to common shareholders Net interest margin , p.a. Return on average equity , p.a. Return on average assets , p.a. Cost - to - income ratio Cost of risk on loans to customers , p.a. 9M 2021 637,375 ( 255,666 ) 381,709 108,684 ( 51,774 ) 56,910 34,221 22,995 10,807 13,291 ( 5,473 ) ( 3,633 ) ( 132,132 ) ( 5 ) ( 45,600 ) 333,095 5.3 % 29.0 % 4.1 % 24.1 % 0.2 % 9M 2020 540,387 ( 239,368 ) 301,019 94,579 ( 48,235 ) 46,344 14,260 20,966 8,199 29,981 ( 35,902 ) ( 3,105 ) ( 112,592 ) ( 6 ) ( 24,523 ) 1 244,646 4.8 % 23.8 % 3.4 % 26.0 % 0.9 % Y - O - Y , % 17.9 % 6.8 % 26.8 % 14.9 % 7.3 % 22.8 % 2.4x 9.7 % ( 5 ) Including loss from impairment of non - financial assets of KZT 0.3 bn ; ( 6 ) Including loss from impairment of non - financial assets of KZT 4.2 bn ; ( 7 ) Including loss from impairment of non - financial assets of KZT -0.2 bn ; Including loss from impairment of non - financial assets of KZT 0.6 bn ; ( 8 ) 31.8 % ( 55.7 % ) ( 84.8 % ) 17.0 % 17.4 % 85.9 % 36.2 % 3Q 2021 229,738 ( 90,946 ) 138,792 38,198 ( 18,468 ) 19,730 13,778 6,882 1,788 71 ( 8,727 ) 745 ( 48,502 ) ( 7 ) ( 16,900 ) 107,657 5.5 % 27.5 % 3.9 % 25.4 % 0.9 % 3Q 2020 180,539 ( 87,943 ) 92,596 34,333 ( 16,445 ) 17,888 6,761 9,804 2,210 8,963 ( 1,996 ) 11 ( 37,955 ) ( 8 ) ( 9,629 ) 1 88,652 4.2 % 25.9 % 3.6 % 26.3 % 0.2 % KZT mln Y - O - Y , % 27.3 % 3.4 % 49.9 % 11.3 % 12.3 % 10.3 % 103.8 % ( 29.8 % ) ( 19.1 % ) ( 99.2 % ) 4.4x 67.7x 27.8 % 75.5 % 21.4 % ( 1 ) 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 ; ( 2 ) ( 3 ) Net 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 ; 1