March 15, 2019 / 5:10 AM / 5 months ago

Kazakhstan's Halyk Bank sees higher profit in 2019

ALMATY, March 15 (Reuters) - Kazakhstan’s Halyk Bank plans to boost its net income to 270 billion tenge (about $714 million) this year from 254.2 billion tenge in 2018, Chief Executive Umut Shayakhmetova said on Friday.

Kazakhstan’s largest lender by assets has proposed to pay out 40-50 percent of last year’s profit as dividend, Shayakhmetova said. (Reporting by Mariya Gordeyeva, Writing by Olzhas Auyezov, Editing by Sherry Jacob-Phillips)

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