Slides
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(Moody’s – Baa1 / Fitch – BBB- / S&P – BBB-) August, 2026 HALYK GROUP RESULTS PRESENTATION 1H AND 2Q 2026
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Disclaimer 2 Important notice The information, statements, views and opinions set out in this presentation and any materials distributed in connection with it (collectively, this “Presentation”) are for informational and reference purposes only. This Presentation does not purport to be comprehensive nor render any form or type of advice. This Presentation does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of JSC Halyk Bank of Kazakhstan (the “Bank”, and together with its consolidated subsidiaries, the “Group”) nor shall it or any part of it nor the fact of its distribution form the basis of, or be relied on in connection with, any contract commitment or investment decision in relation thereto nor does it constitute a recommendation regarding the securities of the Bank. Certain information, including but not limited to market data, has been obtained or derived from published or non-published sources prepared by other parties, which in certain cases have not been updated to the date hereof. While such information is believed to be reliable for the purposes of the Presentation, no responsibility is assumed for the accuracy or completeness of such information, and such information has not been independently verified. Furthermore, certain information may have been provided by the Group and has not been independently verified. Accordingly, undue reliance should not be placed on any industry, market or competitive position data presented in this Presentation. The Bank, its advisers and each of their respective members, directors, officers and employees are under no obligation to update or keep current information contained in this Presentation, to correct any inaccuracies which may become apparent, or to publicly announce the result of any revision to the statements made herein except where they would be required to do so under applicable law, and any opinions expressed in them are subject to change without notice. No representation or warranty, express or implied, is given by the Bank or any of its subsidiary undertakings or affiliates or directors, officers or any other person as to the fairness, accuracy or completeness of the information or opinions contained in this Presentation and no liability whatsoever for any loss howsoever arising from any use of this Presentation or its contents otherwise arising in connection therewith is accepted by any such person in relation to such information. Forward-looking statements This Presentation may include certain forward-looking statements relating to management’s beliefs, intentions, current expectations or opinions with respect to, inter alia, the Group’s business, financial condition and results of operations. These statements concern future circumstances and results and other statements that are not historical facts, and may contain the words “anticipate”, “believe”, “intend”, “estimate”, “expect” or words or expressions of similar meaning. The forward-looking statements reflect knowledge and information available at the date of this Presentation and are subject to and involve inherent risks, uncertainties and qualifications and are based on numerous assumptions, in each case whether or not identified in the Presentation. Although the forward-looking statements contained in this Presentation are based on assumptions the Bank’s management believes are reasonable, these assumptions are inherently subject to significant known and unknown risks, uncertainties and contingencies that are difficult or impossible to predict and are beyond the Bank’s control, and therefore no assurance can be provided that any of these statements will come to pass or that any of these expectations, beliefs or projections will be achieved. There are a number of factors and uncertainties that could cause actual results and developments to differ materially from those expressed or implied by these statements. This list of factors is not exhaustive. Past performance of the Group cannot be relied on as a guide to future performance. Forward-looking statements speak only as at the date of this Presentation. The Group, its advisers and each of their respective affiliates and representatives expressly disclaim any obligation or undertaking to release any updates or revisions to any forward-looking statement in this Presentation to reflect actual results, any changes in expectations or any changes in events, conditions, circumstances or factors affecting any forward-looking statement. Accordingly, readers are cautioned not to place undue reliance on such forward-looking statements. Financial information This Presentation may contain alternative performance measures (“APMs”) that are not required by, nor presented in accordance with, International Financial Reporting Standards (“IFRS”). These are based on management accounts and are not and will not be reviewed or audited, and are subject to change. Management uses these APMs to monitor and analyse the Group’s performance and believes they enhance an investor’s understanding of the Group’s financial results. Management also believes that these APMs are commonly used by investors in comparing the performance of other businesses in the industry. These APMs are not defined by IFRS (or any other generally accepted accounting principles) and the Group’s use and definition of these measures may not be comparable to similarly-titled APMs used by other companies due to differences in accounting policies or the calculation methodology. As such, these APMs have limitations as analytical tools and should be considered only in addition to IFRS financial measures; they should not be considered in isolation, or as substitutes for financial information as reported under IFRS. Accordingly, undue reliance should not be placed on the APMs presented in this Presentation. Due to rounding, numbers presented throughout the Presentation may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.
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Speakers 3 Umut Shayakhmetova CEO, Halyk Bank Roman Maszczyk Deputy CEO, Risk-Management, Data Science and Collateral Olga Vuros Deputy CEO, Corporate Banking Nariman Mukushev Deputy CEO, GR, GovTech and Ecosystem Viktor Skryl Strategy Director Almas Makhanov Financial Director Mira Tiyanak Head of FI and IR Murat Koshenov, CFA CFO, Deputy CEO, Finance, Subsidiaries, Compliance and International Activities Dauren Sartayev First Deputy CEO, B2B Banking, Transactional Banking, PR and Marketing, and Acquiring Mikhail Khasin Deputy CEO, IT Rustam Telish IR Team Kiril Bachvarov Deputy CEO, B2C Banking
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Table of contents 1. B2C update 5 2. B2B update 10 3. Halyk Group Financial Results 1H and 2Q 2026 18 4. Appendix – Financial and Operational Performance Details 31
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01 B2C UPDATE
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GovTech Halyk Travel Purchases of plane and train tickets Government services 66 Halyk Super-App: B2C application LifestyleDaily Banking • Cards/ Digital cards • Transfers (P2M, P2P, Direct to account wallet) • P2B payments • Halyk QR • Unified QR B2C Brokerage and Insurance Insurance: • Life insurance • Non-life insurance • Car insurance • Apple Pay/Samsung Pay/ Garmin Pay/Google Pay • Deposits • Loans (unsecured, mortgages, car loans, BNPL) Halyk Invest Retail brokerage Digital sales of entertainment tickets My Home My Auto Loyalty program and Halyk+ KINO.KZ Halyk Marketplace Kundelik Strategic partnership with the leading digital educational platform KZ Retail and institutional brokerage Online shopping platform Car-related insurance coverageHousehold services including utility bill payments Gamified tiered loyalty program E-Pharmacy Online pharmacy Halyk Fresh E-grocery by Halyk Market merchants Halyk Provides End-to-End Banking and Lifestyle B2C Services Halyk Restaurants Discovery, reservation, ordering & bill QR payments
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9.2 10.5 4.9 5.6 1H 2025 1H 2026 2Q 2025 2Q 2026 217.2 234.7 112.0 123.2 1H 2025 1H 2026 2Q 2025 2Q 2026 7 Number of payments and transfers mln Halyk Super-App Customer Metrics as of Jul 1, 2026 Growing penetration of Halyk Super-App MAU(1) 8.6 mln DAU(1) 2.8 mln MTU(2) 6.1 mln Active clients(3) 11.5 mln Strong Digital Engagement of Halyk Super-App Share of active salary cards among country employed population 39.3% Volume of payments and transfers KZT trln (1) MAU/DAU metrics are derived from the Bank’s proprietary tracking system. MAU includes logins to authenticated zone , 10+ seconds in the unauthenticated zone, or service transition within that zone (2) Monthly Transactional User - users who have completed at least one transaction per month (3) Active clients – B2C customers with at least one active product of the Bank +8.1% +10.0% +14.1% +14.3%
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B2C Lending Business 8 Source: Companies’ data Unconsolidated (bank only) basis (1) Consolidated IFRS basis Retail gross loan book (1) KZT bn Portfolio breakdown as of Jul 1, 2026 Portfolio quality as of Jul 1, 2026 NPL 90+ days ratio 9.2% 73.7% 12.7% 0.6% 10.7% 2.2% Unsecured Mortgages Credit cards Auto BNPL 17.8% Market share 1.83 mln Number of borrowers KZT 730 bn +16.8% YoY Loan issuance by volume 88% Share of loans issued digitally, by count 4,329 4,599 4,794 01.07.2025 01.01.2026 01.07.2026 4.2% 10.7% NPL 90+ coverage ratio 81.0% for 2Q ‘2026
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7,495 7,721 7,976 7,893 8,279 01.07.2025 01.10.2025 01.01.2026 01.04.2026 01.07.2026 B2C Deposits 9 Source: Companies’ data Unconsolidated (bank only) basis (1) Consolidated IFRS basis 26.9% Market share 75.0% Share of KZT deposits 95% Share of new deposits opened digitally 255.9 K number of new deposits +10.5% 4.9% KZT bn Retail deposit portfolio(1)
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02 B2B UPDATE
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11 Onlinebank: B2B digital banking and ecosystem solutions Daily Banking • Onboarding • Account management • Cash management • Currency control • FX conversion • FX transfers • Transactions • B2B/B2G/B2C payments, including by mobile phone number Financial services • Loans • Bid bonds and performance bonds • Deposits • Corporate cards • FX contracts • Tax declaration • Integration with CRM • Payroll payments • Custody services Non-financial services • Business registration • GovTech • Data security services • Counterparty check • Counterparty’s bank check for sanctions list inclusion • Insurance (employees insurance, life insurance, car insurance, etc.) • Cloud business • Cash collection arrangement Business-Centric Services Merchant Services • Halyk Marketplace • Halyk QR • Unified QR • Invoicing for payment • C2B payment by mobile phone number • Acquiring • Loans for POS terminal owners • POS related services Investment Banking & Insurance • Brokerage service • Dealing service Cash collection services Leasing Cloud business Info Telecom Services Internet acquiring • Insurance: – life insurance – non-life insurance KZ KZ Halyk Business ID Online-Duken re: Kassa Comprehensive B2B Platform Serving as a One-Stop-Shop for Corporates and SMEs Halyk Restaurants
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3.9 6.8 10.3 14.7 17.1 18.8 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 86.7 3.5 10.6 22.9 49.8 50.8 68.9 12M 2025 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 OnlineDuken unlocks seamless merchant-supplier collaboration, fueling Halyk’s core banking business 1212 Halyk retail customers Distributors Stores (merchants) Seamless connection between merchants and suppliers for ordering, delivery and payment Merchants are incentivized to prioritize Halyk payments over cash and competitor systems B2B platform connecting convenience stores and distributors x6.5 GMV KZT bn +10.2% Number of stores thousands x2.8 +35.6%
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Onlinebank – Leading B2B Digital Banking in Kazakhstan 13 MAU 317.4 k users DAU 144.7 k users Non-credit products Number of Onlinebank KZT payments(2) mln Volume of Onlinebank KZT payments(2) KZT trln MTU(1) 232.2 k users (1) Monthly Transactional User - users who has completed at least one transaction per month (2) Excluding bill QR payments 71.6 89.6 39.8 49.0 1H 2025 1H 2026 2Q 2025 2Q 2026 +25.1% +23.1%26.7 29.4 14.3 15.7 1H 2025 1H 2026 2Q 2025 2Q 2026 +10.1% +9.8% Onlinebank Metrics as of Jul 1, 2026
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Strong Corporate Portfolio Performance 14 15.3% 15.1% 13.1% 11.0% 10.7% 5.3% 3.9% 3.8%3.7% Energy Services Wholesale and retail trade Metallurgy Mining Financial services Machinery Oil and gas Food industry Gross loan portfolio(1) KZT bn Industry breakdown(2) as of July 1, 2026 Share of local currency loans(2) 54.7% (1) Consolidated basis (2) Unconsolidated (bank only) basis (2) +11.3% 6,082 6,822 6,772 01.07.2025 01.01.2026 01.07.2026
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Strong Corporate Business Performance 15 Unconsolidated (bank only) basis (1) Kazakhstan’s largest taxpayers, excluding financial institutions (2) Share in lending of real economy among commercial banks of Kazakhstan to legal entities and individual entrepreneurs Market share as of July 1, 2026 86% Penetration among largest taxpayers 47.6% Share by loans to legal entities 31.0% Share by deposits of legal entities Products penetration as of July 1, 2026 3.0 k Active clients 750 Borrowers (2)(1) 4.5 Bank’s products per client 3.0 mln Total quarterly number of transactions 5.9 Bank’s products per borrower NPL 90 days + ratio 2.6% 01.07.2026 Portfolio quality NPL 90 days + coverage ratio 122.6% 01.07.2026
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1,919 2,294 2,393 01.07.2025 01.01.2026 01.07.2026 SME loan issuance dynamics KZT bn Issue of digital bonds(2) by count, thousands SME gross loan portfolio(1) KZT bn SME Banking: Key Segment Highlights (1/2) 16 163 199 225 109 144 188272 343 413 01.07.2025 01.01.2026 01.07.2026 For limited liability partnerships For individual entrepreneurs 73.6 87.6 80.3 38.6 40.9 38.0 1H 2024 1H 2025 1H 2026 2Q 2024 2Q 2025 2Q 2026 +24.7% +51.9% +20.4% Legal entities digital loan portfolio KZT bn Volume of digital bonds issued, KZT bn Unconsolidated (bank only) basis (1) Consolidated IFRS basis. (2) Digital bid bonds and digital performance bonds Launched in January 2022 1,112 1,376 631 756 1H 2025 1H 2026 2Q 2025 2Q 2026 +23.7% -8.3% +4.3% +19.8% -7.0% 50.2 41.6 22.4 19.438.5 19.1
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SME Banking: Key Segment Highlights (2/2) 17 Unconsolidated (bank only) basis (1) Non-cash transactions processed through Onlinebank, average for the Q’2 2026 Share of loans issued digitally, by count 93% NPL 90 days + ratio 5.0% 01.07.2026 NPL 90 days + coverage 105.8% 01.07.2026 Products penetration as of July 1, 2026 2.7 Bank’s products per active client 5.2 mln Total monthly number of transactions(1) 16.3 trln Total monthly volume of transactions, KZT Portfolio quality
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03 HALYK GROUP FINANCIAL RESULTS 1H AND 2Q 2026
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P&L Summary 19 528,602 447,567 16,890 (13,269) (2,705) (31,896) (18,265) (42,511) (8,012) 18,733 Net income 1H 2025 Net interest income Net fee and commission income Net gain on foreign exchange operations, financial assets and liabilities Net insurance income Other expense/ non-interest income Expected credit loss expense and recovery of other credit loss expense Operating expenses Income tax expense Net income 1H 2026 KZT bn KZT bn 1H 2026 Y-o-Y, abs Y-o-Y, % Net income 447.6 (81.0) (15.3%) Net interest income(1) 657.6 16.9 2.6% Net fee and commission income 54.5 (13.3) (19.6%) Net insurance income(2) (6.1) (31.9) (123.4%) Net gain on foreign exchange operations, financial assets and liabilities (3) 85.2 (2.7) (3.1%) Other non-interest income(4) 13.2 (18.3) (58.0%) Expected credit loss expense and recovery of other credit loss expense (104.0) (42.5) 69.1% Operating expenses (154.6) (8.0) 5.5% Income tax expense (98.3) 18.7 (16.0%) Notes: (1) Before credit loss expense (2) Insurance revenue less insurance service expense, net finance insurance expense and net reinsurance expense (3) Net gain on financial assets and liabilities at fair value through profit or loss, net realised gain/(loss) from financial assets at fair value through other comprehensive income, net foreign exchange gain; (4) Share in profit of associate, income on non -banking activities and other income, net (1) (2)(3) (4)
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Balance sheet metrics 30-Jun-26 Change YTD, % Assets (KZT bn) Total assets 22,036 5.4% Cash and reserves 2,849 11.4% Gross loan portfolio 13,958 1.8% Allowance for expected credit losses 693 14.7% Net loan portfolio 13,266 1.2% Total securities portfolio(1) 4,946 13.8% Average total interest earning assets 19,244 6.2% Liabilities and equity (KZT bn) Total liabilities 18,393 5.7% Total deposits 14,871 3.7% Average total interest-bearing liabilities 16,765 7.9% Total equity (KZT bn) 3,643 4.1% Per share data (KZT) Book value per common share 331.6 3.4% Balance Sheet, Liquidity and Capital 20 (1) Financial assets at fair value through profit or loss, financial assets at fair value through other comprehensive income, debt securities at amortised cost, net of allowances for expected credit losses, on consolidated IFRS basis (2) Net loans to customers / amounts due to customers, on consolidated IFRS basis (3) Cash and cash equivalents, Treasury bonds of the Ministry of Finance of Kazakhstan, Treasury bonds of governments of other countries, Notes of national banks of other countries, Eurobonds of other countries, Bonds of quasi-sovereign banks, Local municipal bonds) / total assets, on consolidated IFRS basis (4) Total principal amount of loans and accrued interest with principal and/or interest overdue by more than 90 days / gross loanportfolio, unconsolidated (Bank only), IFRS) 85.4% 91.4% 89.2% 30.06.2025 31.12.2025 30.06.2026 Loans / deposits ratio(2) 28.0% 22.7% 23.3% 30.06.2025 31.12.2025 30.06.2026 Liquid assets / total assets(3) 3.0% 4.3% 5.3% 30.06.2025 31.12.2025 30.06.2026 NPLs 90 days+ / gross loans(4) 4.8% 4.4% 5.0% 30.06.2025 31.12.2025 30.06.2026 Provisions / gross loans
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Interest Income Interest Income and Interest Expense KZT bn 21 Net Interest Income(1) KZT bn Net Interest Margin(2) % (1) Before credit loss expense (2) Net interest income / average interest earning assets (monthly average balances of cash and cash equivalents (less cash on hand, correspondent and current accounts with the NBRK), financial assets at fair value through profit or loss (less derivative financial instruments), amounts due from credit institutions, financial assets at fair value through other comprehensive income, debt securities at amortized cost, net of allowances for expected credit losses, net loans to customers), on consolidated IFRS basis (649) (789) (345) (388) (401) 1,289 1,446 660 721 725 1H 2025 1H 2026 2Q 2025 1Q 2026 2Q 2026 Interest expense Interest income 7.3% 6.8% 7.1% 7.0% 6.7% 1H 2025 1H 2026 2Q 2025 1Q 2026 2Q 2026 641 658 315 333 324 1H 2025 1H 2026 2Q 2025 1Q 2026 2Q 2026 12.2% 0.5% 9.8% 2.6% (2.7%) 3.0% (1)
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Average Assets’ Rate(1) 22(1) interest income/monthly average balances of assets Loans to customers KZT bn Securities KZT bn 11,496 12,947 11,580 12,874 12,973 17.2% 17.2% 17.4% 17.2% 17.3% 1H 2025 1H 2026 2Q 2025 1Q 2026 2Q 2026 Monthly average balances Average interest rate 1,871 1,751 2,093 1,830 1,719 13.3% 10.2% 13.1% 12.3% 7.7% 1H 2025 1H 2026 2Q 2025 1Q 2026 2Q 2026 Monthly average balances Average interest rate 17,599 19,244 17,841 19,073 19,432 14.7% 15.0% 14.8% 15.1% 14.9% 1H 2025 1H 2026 2Q 2025 1Q 2026 2Q 2026 Monthly average balances Average interest rate Amounts due from credit institutions and interest-earning cash and cash equivalents KZT bn Total interest-earning assets KZT bn 4,232 4,546 4,168 4,368 4,740 8.1% 10.4% 8.2% 10.0% 10.8% 1H 2025 1H 2026 2Q 2025 1Q 2026 2Q 2026 Monthly average balances Average interest rate
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Average Liabilities’ Rate (1) 23(2) interest expense/monthly average balances of liabilities 804 996 791 931 1,037 7.0% 5.7% 7.0% 6.0% 5.6% 1H 2025 1H 2026 2Q 2025 1Q 2026 2Q 2026 Monthly average balances Average interest rate 991 1,638 964 1,673 1,634 7.4% 4.9% 7.0% 4.9% 4.9% 1H 2025 1H 2026 2Q 2025 1Q 2026 2Q 2026 Monthly average balances Average interest rate 13,199 14,132 13,476 13,897 14,306 8.7% 10.0% 9.1% 10.0% 10.1% 1H 2025 1H 2026 2Q 2025 1Q 2026 2Q 2026 Monthly average balances Average interest rate 14,994 16,765 15,231 16,502 16,977 8.7% 9.4% 9.1% 9.4% 9.4% 1H 2025 1H 2026 2Q 2025 1Q 2026 2Q 2026 Monthly average balances Average interest rate Amounts due to customers KZT bn Debt securities issued KZT bn Amounts due to credit institutions KZT bn Total interest-bearing liabilities KZT bn
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Fee and Commission Income 24 (1) Transactional income of individuals, less transactional expenses of individuals and less loyalty program (2) Transactional income of legal entities, less transactional expenses of legal entities and less loyalty program 29,962 20,228 15,072 10,240 9,988 20,709 18,651 10,431 7,781 10,870 14,942 13,453 7,388 6,353 7,100 2,169 2,181 1,113 588 1,593 67,782 54,513 34,004 24,962 29,551 1H 2025 1H 2026 2Q 2025 1Q 2026 2Q 2026 Net Fee and Commission Income(1) KZT mln Fee and Commission Expense(1) KZT mln (19.6%) (13.1%) 40,812 46,173 20,555 22,879 23,294 2,920 3,317 1,438 1,697 1,620 2,803 4,088 1,454 2,195 1,893 46,535 53,578 23,447 26,771 26,807 1H 2025 1H 2026 2Q 2025 1Q 2026 2Q 2026 15.1% 0.1% 14.3% Net transactional income on individuals (2) Net transactional income on legal entities (3) Letters of credits and guarantees issued Other Transactional expenses on individuals Transactional expenses on legal entities Other Fee and Commission Income KZT mln 76,418 73,540 38,081 36,389 37,151 24,205 23,183 12,445 10,526 12,657 14,942 13,453 7,388 6,353 7,100 4,972 6,269 2,567 2,783 3,486 (6,220) (8,354) (3,030) (4,318) (4,036) 114,317 108,091 57,451 51,733 56,358 1H 2025 1H 2026 2Q 2025 1Q 2026 2Q 2026 8.9% Transactional income on individuals Transactional income on legal entities Letters of credit and guarantees issued Other Loyalty program (5.4%) (1.9%) 18.4%
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Operating Costs 25 (1) Including (impairment (loss)/reversal of impairment of non-financial assets (2) Operating expense (operating expenses, impairment of non-financial assets) / operating income (net interest income before credit loss expense, net fees and commissions, other non-interest income less insurance service expense, net finance insurance expense and net reinsurance expense), annualised, on consolidated IFRS basis (3) Operating expense / average monthly assets, annualised, on consolidated IFRS basis 92,693 94,761 47,462 45,673 49,088 16,711 18,691 9,658 8,994 9,697 11,347 13,141 5,725 6,469 6,672 25,856 28,026 14,567 13,453 14,573 146,607 154,619 77,412 74,589 80,030 1H 2025 1H 2026 2Q 2025 1Q 2026 2Q 2026 1.5% 1.5% 1.6% 1.4% 1.5% 1H 2025 1H 2026 2Q 2025 1Q 2026 2Q 2026 Cost-to-Income(1),(2) KZT mln Cost-to-Average Assets(3) % Operating Expenses(1) KZT mln 5.5% 7.3% 3.4% Salaries and other employee benefits Taxes other than income tax, Information services, Advertisement, Professional services Depreciation and amortisation expenses Other 853,775 804,530 435,641 408,888 395,641 146,607 154,619 77,412 74,589 80,030 17.2% 19.2% 17.8% 18.2% 20.2% 1H 2025 1H 2026 2Q 2025 1Q 2026 2Q 2026 Operating income Operating expense Cost-to-income
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Loan Portfolio 26 11,737 13,111 12,759 13,266 594 604 652 69312,330 13,715 13,411 13,958 01.07.2025 01.01.2026 01.04.2026 01.07.2026 Net loans Provisions 1,919 2,294 2,296 2,393 01.07.2025 01.01.2026 01.04.2026 01.07.2026 4,329 4,599 4,596 4,794 01.07.2025 01.01.2026 01.04.2026 01.07.2026 Total Gross Loans KZT bn Total Gross Loans by Sectors KZT bn Total Net Loans by Currencies % 4.1% 13.2% Total Corporate Gross Loans KZT bn Total SME Gross Loans KZT bn Total Retail Gross Loans KZT bn 3.9% 11.3% 4.2% 24.7% 4.3% 10.7% 6,082 6,822 6,519 6,772 1,919 2,294 2,296 2,393 4,329 4,599 4,596 4,794 12,330 13,715 13,411 13,958 01.07.2025 01.01.2026 01.04.2026 01.07.2026 Corporate SME Retail 33.5%16.7%49.7% 6,082 6,822 6,519 6,772 01.07.2025 01.01.2026 01.04.2026 01.07.2026 78.0% 74.8% 75.5% 74.3% 22.0% 25.2% 24.5% 25.7% 01.07.2025 01.01.2026 01.04.2026 01.07.2026 KZT FX 34.3%17.1%48.5% 34.3%17.1%48.6% 35.1%15.6%49.3%
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Cost of Risk 27 (1) Total principal amount of loans and accrued interest with principal and/or interest overdue by more than 90 days / gross loanportfolio, unconsolidated (Bank only), IFRS (2) IFRS provisions/gross loans, on consolidated IFRS basis (3) Including POCI (4) Credit loss expense on loans to customers / monthly average balances of gross loans to customers, annualised, on consolidated IFRS basis 358 413 573 637 715 3.0% 3.3% 4.3% 4.9% 5.3% 01.07.2025 01.10.2025 01.01.2026 01.04.2026 01.07.2026 Amount Ratio NPL 90 days+(1) Dynamics KZT bn Provisioning Rate(2) + Stage 3(3) Coverage Ratio % 4.8% 4.7% 4.4% 4.9% 5.0% 73.4% 68.1% 57.3% 59.2% 58.0% 01.07.2025 01.10.2025 01.01.2026 01.04.2026 01.07.2026 Provisioning Rate Stage 3 Coverage Ratio Cost of Risk(4) KZT bn 66.6 97.7 38.9 49.0 48.2 1.4% 1.4% 1.5% 1.5% 1.4% 1H 2025 1H 2026 2Q 2025 1Q 2026 2Q 2026 Credit loss expense on loans to customers Credit loss expense, as % of loan portfolio
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Asset Quality 28 (1) Stage 3 loans include NPL 90+, restructured loans and other loans with signs of impairment (2) Including POCI 11,267 11,903 12,554 12,176 12,612 01.07.2025 01.10.2025 01.01.2026 01.04.2026 01.07.2026 103,091 103,254 1,960 (820) (977) Problem assets 01.01.2026 Transfers from the Bank Disposals Other Problem assets 01.07.2026 Stage 1 (gross basis) KZT bn 809 898 1054 1101 11946.6% 6.9% 7.7% 8.2% 8.6% 01.07.2025 01.10.2025 01.01.2026 01.04.2026 01.07.2026 Stage 3 Ratio (Stage 3 / Gross Loans) Stage 3(1),(2) (gross basis) KZT bn 1063 1129 1161 1235 1346 8.6% 8.7% 8.5% 9.2% 9.6% 01.07.2025 01.10.2025 01.01.2026 01.04.2026 01.07.2026 Stage 2 + Stage 3 Ratio (Stage 2 + Stage 3 / Gross Loans) Stage 2 + Stage 3(1),(2) (gross basis) KZT bn Work-out of problem loans collateral by SPVs KZT mln
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29 4,591 4,720 4,676 4,151 4,594 1,663 1,723 1,687 1,844 1,998 6,254 6,442 6,362 5,996 6,592 01.07.2025 01.10.2025 01.01.2026 01.04.2026 01.07.2026 Term deposits Current accounts 6,372 6,676 6,781 6,861 7,140 1,123 1,045 1,195 1,032 1,139 7,495 7,721 7,976 7,893 8,279 01.07.2025 01.10.2025 01.01.2026 01.04.2026 01.07.2026 Term deposits Current accounts B2C Deposits B2B Deposits By Types KZT bn By Types KZT bn Funding Base 73.4% 26.6%85.0% 15.0% By Currencies % By Currencies % 70.1% 70.7% 72.7% 72.9% 75.0% 29.9% 29.9% 27.3% 27.1% 25.0% 01.07.2025 01.10.2025 01.01.2026 01.04.2026 01.07.2026 FX KZT 74.2% 71.7% 70.4% 71.8% 67.0% 25.8% 28.3% 29.6% 28.2% 33.0% 01.07.2025 01.10.2025 01.01.2026 01.04.2026 01.07.2026 FX KZT 86.5% 13.5% 73.3% 26.7% 85.0% 15.0% 73.5% 26.5% 86.9% 13.1% 69.2% 30.8% 86.2% 13.8% 69.7% 30.3%
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Capital Position 30 Capital Adequacy Ratios of Halyk Bank, only % k2 minimum = 12% k1-2 minimum = 10.5% k1 minimum = 9.5% (1) The decrease was due to the dividends payments (1) (1) 18.5% 18.0% 18.9% 21.0% 19.0% 18.5% 18.0% 18.9% 21.0% 19.0% 01.07.2025 01.10.2025 01.01.2026 01.04.2026 01.07.2026 k1, k1-2 k2 17,318 18,246 19,074 18,369 19,692 01.07.2025 01.10.2025 01.01.2026 01.04.2026 01.07.2026 Risk-Weighted Assets (RWA), consolidated KZT bn 91% 7.2% 13.7% RWA density RWA 87% 89% 87% 89%
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05 UPDATED OUTLOOK FOR 2026
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Metric 2025 Actual Actual 1H 2026 Previous guidance Updated guidance Retail loans growth, net 10.4% 3.2% 8-10% 8-10% Corporate & SME growth, net 16.4% 0.2% 10-13% 10-13% Total net loan portfolio growth 14.3% 1.2% 9-12% 9-12% Transactional activity F&C income growth, net 11.9% (19.6%) 5-10% (10%) Asset quality Cost of risk, p.a. 1.4% 1.4% area of 1.5% area of 1.5% Profitability Net Income, (KZT bn) 1.06 trln 447.6 area of 1 trln area of 1 trln RoAE, p.a. 32.6% 24.8% area of 29% area of 29% NIM, p.a. 7.1% 6.8% area of 6.8% area of 6.8% C/I, p.a. 17.5% 19.2% 18-20% 18-20% Updated Outlook for 2026 32
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Appendix FINANCIAL AND OPERATIONAL PERFORMANCE DETAILS
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P&L Summary Dynamics KZT mln 34 (1) Interest income calculated using the effective interest method and other interest income (2) Insurance revenue less insurance service expense, net finance insurance expense and net reinsurance expense (3) Net gain on financial assets and liabilities at fair value through profit or loss, net realised gain/(loss) from financial assets at fair value through other comprehensive income, net foreign exchange gain (4) Share in profit of associate, income on non-banking activities, other income, net (5) Including loss from impairment of non-financial assets 1H 2026 1H 2025 Y-o-Y, abs Y-o-Y,% 2Q 2026 1Q 2026 Q-o-Q, abs Q-o-Q, % 2Q 2025 Y-o-Y, abs Y-o-Y,% Interest income (1) 1,446,153 1,289,297 156,856 12.2% 725,041 721,112 3,929 0.5% 660,100 64,941 9.8% Interest expense (788,530) (648,564) (139,966) 21.6% (400,787) (387,743) (13,044) 3.4% (345,233) (55,554) 16.1% Net interest income before credit loss expense 657,623 640,733 16,890 2.6% 324,254 333,369 (9,115) (2.7%) 314,867 9,387 3.0% Fee and commission income 108,091 114,317 (6,226) (5.4%) 56,358 51,733 4,625 8.9% 57,451 (1,093) (1.9%) Fee and commission expense (53,578) (46,535) (7,043) 15.1% (26,807) (26,771) (36) 0.1% (23,447) (3,360) 14.3% Fees and commissions, net 54,513 67,782 (13,269) (19.6%) 29,551 24,962 4,589 18.4% 34,004 (4,453) (13.1%) Net insurance income (2) (6,056) 25,840 (31,896) (123.4%) (14,241) 8,185 (22,426) (274.0%) 10,382 (24,623) (237.2%) Net gain on foreign exchange operations, financial assets and liabilities (3) 85,242 87,947 (2,705) (3.1%) 48,580 36,662 11,918 32.5% 65,531 (16,951) (25.9%) Other non-interest income (4) 13,208 31,473 (18,265) (58.0%) 7,497 5,711 1,786 31.3% 10,857 (3,360) (30.9%) Expected credit loss expense and recovery of other credit loss expense (104,029) (61,518) (42,511) 69.1% (51,218) (52,811) 1,593 (3.0%) (38,580) (12,638) 32.8% Operating expenses (5) (154,619) (146,607) (8,012) 5.5% (80,030) (74,589) (5,441) 7.3% (77,412) (2,618) 3.4% Income tax expense (98,315) (117,048) 18,733 (16.0%) (51,634) (46,681) (4,953) 10.6% (66,063) 14,429 (21.8%) Net income 447,567 528,602 (81,035) (15.3%) 212,759 234,808 (22,049) (9.4%) 253,586 (40,827) (16.1%) Non-controlling interest (1) 2 (3) - - (1) 1 - 2 (2) - Net income attributable to common shareholders 447,568 528,600 (81,032) (15.3%) 212,759 234,809 (22,050) (9.4%) 253,584 (40,825) (16.1%) (6) (6) (6)
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Balance Sheet Summary 35 (1) Cash and cash equivalents and obligatory reserves (2) Treasury bonds of the Ministry of Finance of the Republic of Kazakhstan and Notes of NBRK (3) Financial assets at fair value through profit or loss, financial assets at fair value through other comprehensive income and debt securities at amortized cost, net of allowance for expected credit losses less Treasury bonds of the Ministry of Finance of the Republic of Kazakhstan KZT mln 30-Jun-26 31-Mar-26 Change, abs Change Q-o-Q, % 31-Dec-25 Change, abs Change YTD, % 30-Jun-25 Change, abs Change YTD, % Total assets 22,036,296 21,195,608 840,688 4.0% 20,908,456 1,127,840 5.4% 19,615,712 2,420,584 12.3% Cash and reserves (1) 2,848,731 2,842,119 6,612 0.2% 2,556,579 292,152 11.4% 2,704,311 144,420 5.3% Amounts due from credit institutions 209,657 192,392 17,265 9.0% 181,288 28,369 15.6% 173,881 35,776 20.6% T-bills & NBRK notes(2) 3,070,524 3,119,902 (49,378) (1.6%) 2,502,059 568,465 22.7% 2,620,517 450,007 17.2% Other securities & derivatives(3) 1,875,712 1,559,830 315,882 20.3% 1,845,652 30,060 1.6% 1,695,588 180,124 10.6% Gross loan portfolio 13,958,237 13,410,654 547,583 4.1% 13,714,721 243,516 1.8% 12,330,251 1,627,986 13.2% Allowance for expected credit losses (692,540) (652,123) (40,417) 6.2% (603,804) (88,736) 14.7% (593,695) (98,845) 16.6% Net loan portfolio 13,265,697 12,758,531 507,166 4.0% 13,110,917 154,780 1.2% 11,736,556 1,529,141 13.0% Assets held for sale 15,718 13,861 1,857 13.4% 8,896 6,822 76.7% 9,516 6,202 65.2% Other assets 750,257 708,973 41,284 5.8% 703,065 47,192 6.7% 675,343 74,914 11.1% Total liabilities 18,393,180 17,454,666 938,514 5.4% 17,408,105 985,075 5.7% 16,425,274 1,967,906 12.0% Total deposits, including: 14,870,624 13,888,541 982,083 7.1% 14,338,804 531,820 3.7% 13,748,127 1,122,497 8.2% Individuals’ deposits 8,278,673 7,892,911 385,762 4.9% 7,976,451 302,222 3.8% 7,494,574 784,099 10.5% term deposits 7,139,767 6,860,953 278,814 4.1% 6,781,175 358,592 5.3% 6,372,044 767,723 12.0% current accounts 1,138,906 1,031,958 106,948 10.4% 1,195,276 (56,370) (4.7%) 1,122,530 16,376 1.5% Legal entities’ deposits 6,591,951 5,995,630 596,321 9.9% 6,362,353 229,598 3.6% 6,253,553 338,398 5.4% term deposits 4,593,727 4,151,256 442,471 10.7% 4,675,777 (82,050) (1.8%) 4,590,841 2,886 0.1% current accounts 1,998,224 1,844,374 153,850 8.3% 1,686,576 311,648 18.5% 1,662,712 335,512 20.2% Debt securities 1,185,823 902,828 282,995 31.3% 970,098 215,725 22.2% 959,338 226,485 23.6% Amounts due to credit institutions 1,403,974 1,765,173 (361,199) (20.5%) 1,270,128 133,846 10.5% 972,772 431,202 44.3% Other liabilities 932,759 898,124 34,635 3.9% 829,075 103,684 12.5% 745,037 187,722 25.2% Total equity 3,643,116 3,740,942 (97,826) (2.6%) 3,500,351 142,765 4.1% 3,190,438 452,678 14.2%
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Balance Sheet (Net of FX changes) 36 30.06.2026 30.06.2025 Actual change Net of FX changes Total FCY KZT TOTAL Total FCY KZT TOTAL abs % abs % Financial Assets 6,917,238 14,497,270 21,414,508 5,856,216 13,203,007 19,059,223 2,355,285 12.4% 2,915,318 15.3% Cash and cash equivalents 1,325,979 300,053 1,626,032 694,397 1,667,872 2,362,269 (736,237) (31.2%) (628,883) (26.6%) Obligatory reserves 159,621 1,063,078 1,222,699 177,779 164,263 342,042 880,657 257.5% 893,580 261.2% Financial assets at fair value through profit or loss 286,579 555,591 842,170 348,498 412,977 761,475 80,695 10.6% 103,897 13.6% Amounts due from credit institutions 170,588 39,069 209,657 155,211 18,670 173,881 35,776 20.6% 49,587 28.5% Financial assets at fair value through other comprehensive income 1,086,140 1,572,878 2,659,018 1,576,003 1,094,316 2,670,319 (11,301) (0.4%) 76,635 2.9% Debt securities at amortized cost, net of allowances for expected credit losses 448,542 996,506 1,445,048 311,188 573,123 884,311 560,737 63.4% 597,052 67.5% Net loans 3,405,858 9,859,839 13,265,697 2,585,224 9,151,332 11,736,556 1,529,141 13.0% 1,804,886 15.4% Other financial assets 33,931 110,256 144,187 7,916 120,454 128,370 15,817 12.3% 18,564 14.5% Financial Liabilities 5,952,230 11,709,239 17,661,469 5,165,794 10,693,161 15,858,955 1,802,514 11.4% 2,284,418 14.4% Amounts due to customers 4,245,738 10,624,886 14,870,624 3,831,376 9,916,751 13,748,127 1,122,497 8.2% 1,466,240 10.7% Amounts due to credit institutions 708,248 695,726 1,403,974 629,311 343,461 972,772 431,202 44.3% 488,543 50.2% Financial liabilities at fair value through profit or loss 496 4,346 4,842 2,507 5,467 7,974 (3,132) (39.3%) (3,092) (38.8%) Debt securities issued 979,067 206,756 1,185,823 685,119 274,219 959,338 226,485 23.6% 305,752 31.9% Other financial liabilities 18,681 177,525 196,206 17,481 153,263 170,744 25,462 14.9% 26,974 15.8%
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Balance Sheet (Net of FX changes) 37 30.06.2026 31.12.2025 Actual change Net of FX changes Total FCY KZT TOTAL Total FCY KZT TOTAL abs % abs % Financial Assets 6,917,238 14,497,270 21,414,508 6,360,058 13,946,006 20,306,064 1,108,444 5.5% 1,465,443 7.2% Cash and cash equivalents 1,325,979 300,053 1,626,032 692,626 1,001,805 1,694,431 (68,399) (4.0%) 35 0.0% Obligatory reserves 159,621 1,063,078 1,222,699 163,086 699,062 862,148 360,551 41.8% 368,789 42.8% Financial assets at fair value through profit or loss 286,579 555,591 842,170 386,037 534,909 920,946 (78,776) (8.6%) (63,986) (6.9%) Amounts due from credit institutions 170,588 39,069 209,657 158,480 22,808 181,288 28,369 15.6% 37,173 20.5% Financial assets at fair value through other comprehensive income 1,086,140 1,572,878 2,659,018 1,120,846 1,164,346 2,285,192 373,826 16.4% 429,882 18.8% Debt securities at amortized cost, net of allowances for expected credit losses 448,542 996,506 1,445,048 504,010 637,563 1,141,573 303,475 26.6% 326,624 28.6% Net loans 3,405,858 9,859,839 13,265,697 3,298,158 9,812,759 13,110,917 154,780 1.2% 330,557 2.5% Other financial assets 33,931 110,256 144,187 36,815 72,754 109,569 34,618 31.6% 36,369 33.2% Financial Liabilities 5,952,230 11,709,239 17,661,469 5,495,393 11,260,258 16,755,651 905,818 5.4% 1,213,013 7.2% Amounts due to customers 4,245,738 10,624,886 14,870,624 4,060,609 10,278,195 14,338,804 531,820 3.7% 750,943 5.2% Amounts due to credit institutions 708,248 695,726 1,403,974 653,799 616,329 1,270,128 133,846 10.5% 170,399 13.4% Financial liabilities at fair value through profit or loss 496 4,346 4,842 1,418 7,015 8,433 (3,591) (42.6%) (3,565) (42.3%) Debt securities issued 979,067 206,756 1,185,823 760,343 209,755 970,098 215,725 22.2% 266,255 27.4% Other financial liabilities 18,681 177,525 196,206 19,224 148,964 168,188 28,018 16.7% 28,982 17.2%
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Key Financial Indicators 38 (1) Net loans to customers / amounts due to customers, on consolidated IFRS basis (2) Allowance for expected credit losses/ gross loan portfolio, on consolidated IFRS basis (3) Credit loss expense on loans to customers / monthly average balances of gross loans to customers, annualised, on consolidated IFRS basis (4) Net interest income / average interest earning assets (monthly average balances of cash and cash equivalents (less cash on hand, correspondent and current accounts with the NBRK), financial assets at fair value through profit or loss (less derivative financial instruments), amounts due from credit institutions, financial assets at fair value through other comprehensive income, debt securities at amortized cost, net of allowances for expected credit losses, net loans to customers), on consolidated IFRS basis 30-Jun-26 31-Mar-26 31-Dec-25 30-Sep-25 30-Jun-25 Amounts due to customers / total liabilities 80.8% 79.6% 82.4% 82.6% 83.7% Loans / deposits ratio (1) 89.2% 91.9% 91.4% 87.7% 85.4% Liquid assets / total assets 23.3% 25.9% 22.7% 24.7% 27.7% IFRS Provisioning rate (2) 5.0% 4.9% 4.4% 4.7% 4.8% k1 capital adequacy ratio 19.0% 21.0% 18.9% 18.0% 18.5% k1-2 capital adequacy ratio 19.0% 21.0% 18.9% 18.0% 18.5% k2 capital adequacy ratio 19.0% 21.0% 18.9% 18.0% 18.5% 2Q 2026 1Q 2026 4Q 2025 3Q 2025 2Q 2025 RoAE, p.a. 23.5% 25.9% 29.4% 34.3% 32.2% RoAA, p.a. 3.9% 4.5% 4.8% 5.6% 5.3% Cost of risk (3), p.a. 1.4% 1.5% 1.3% 1.4% 1.5% NIM (4), p.a. 6.7% 7.0% 6.9% 7.1% 7.1% Cost-to-Income , p.a. 20.2% 18.2% 19.2% 16.3% 17.8%
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Halyk Bank’s Market Position 39 (1) Excl. banks with negative income (2) After credit loss expense, excl. negative net interest income (3) Excl. banks with negative equity Source: NBK (unconsolidated), Halyk Bank 35.5% 35.4% 40.2% 4Q 2025 1Q 2026 2Q 2026 30.6% 29.9% 34.5% 4Q 2025 1Q 2026 2Q 2026 22.5% 19.6% 21.2% 4Q 2025 1Q 2026 2Q 2026 Net Income(1) Net Interest Income(2) Net F&C Income Equity(3) Total Assets Gross Loans Net Loans Total deposits Total Corporate Deposits Total Retail Deposits 33.3% 33.5% 32.8% 1-Jan-26 1-Apr-26 1-Jul-26 28.6% 28.9% 28.6% 1-Jan-26 1-Apr-26 1-Jul-26 30.5% 29.8% 30.0% 1-Jan-26 1-Apr-26 1-Jul-26 31.0% 30.1% 30.1% 1-Jan-26 1-Apr-26 1-Jul-26 28.5% 28.3% 28.5% 1-Jan-26 1-Apr-26 1-Jul-26 30.0% 29.6% 31.0% 1-Jan-26 1-Apr-26 1-Jul-26 27.5% 27.4% 26.9% 1-Jan-26 1-Apr-26 1-Jul-26 #1 #1#1 #1 #1#1 #2 #2#2 #1 #1#1 #1 #1#1 #1 #1#1 #1 #1#1 #1 #1#1 #1 #1#1 #1 #1#1