Halyk Bank of Kazakhstan Joint Stock Company (HSBK) Earnings Call Transcripts

Halyk Bank of Kazakhstan Joint Stock Company's Latest Earnings Call - Q1 FY2026

Halyk Bank reported its 1Q 2026 financial results, revealing a net income decline of 14.6% year-on-year, primarily due to increased minimum reserve requirements and tighter retail lending regulations. Revenue growth was supported by a 14.6% increase in interest income, although net interest margin decreased to 7% from 7.5% in the previous year. The bank maintained its full-year guidance, indicating stability despite regulatory pressures, with a focus on digital lending and customer engagement across its platforms.

Reported metrics

Guidance from management

Management maintained full-year guidance, indicating that the performance in the first quarter was in line with expectations. They anticipate continued challenges in retail lending but expect improvement in fee income in subsequent quarters.

What management said

Yes. Regarding the frequency of dividend payments, again, 3 years ago, we changed the frequency from once a year to maximum 2 times payments. We -- according to recent changes in the charter put the possibility to potentially increase that payments up to 4 times a year. But to do that, we still need to make one more step in terms of amending the dividend policy. So we'll be doing that in due course. It's not that we ...

On the other income, actually, it was a one-off profit which was recorded in the first quarter last year related to some work out in our stressed asset SPV, Stress Asset Management Company subsidiary. So that was not something which is specific to our core business.

What analysts pressed on

Analysts expressed concerns about the declining net income and the significant drop in fee and commission income. There are worries regarding the impact of regulatory changes on the BNPL segment and the overall growth trajectory of the retail lending business.

Main topics on the call

• Net Income Decline — Halyk Bank's net income fell by 14.6% year-on-year, attributed to 'increased minimum reserve requirements and tighter regulations in retail lending.' This decline raises concerns about profitability amidst regulatory cha...
• Interest Income Growth — Interest income increased by 14.6% year-on-year, driven by higher average balances of loans to customers. This growth indicates strong demand for lending despite regulatory constraints.
• Digital Ecosystem Engagement — The bank reported 8.5 million monthly active users in its digital ecosystem, reflecting strong customer engagement. 'Overall, these metrics continue to support the strength and scalability of our digital ecosystem.'
• Retail Lending Challenges — Retail loan issuance decreased by 18.3% year-on-year due to tighter underwriting standards and regulatory changes. Management indicated that these factors could continue to impact growth in the near term.

Read the full Halyk Bank of Kazakhstan Joint Stock Company transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 29 Halyk Bank of Kazakhstan Joint Stock Company earnings call transcripts on record, spanning March 13, 2020 to August 18, 2026. Based on this history, Halyk Bank of Kazakhstan Joint Stock Company reports quarterly. The most recent call on file is dated August 18, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

HSBK

Exchange

LSE

Country

GB

Sector

Financials

Industry

Banks

Calls on record

29

First call

March 13, 2020

Most recent

August 18, 2026

Reporting cadence

quarterly