August 21, 2019 / 8:24 AM / a month ago

Kazakh Halyk Bank raises 2019 profit guidance to $776 mln

ALMATY, Aug 21 (Reuters) - Kazakhstan’s Halyk Bank has raised its 2019 consolidated net income guidance to 300 billion tenge ($776.84 million) from 270 billion tenge, Russia’s Interfax news agency quoted chief executive Umut Shayakhmetova as saying on Wednesday.

Shayakhmetova said Kazakhstan’s biggest lender now factored in a lower cost-to-income ratio. ($1 = 386.1800 tenge) (Reporting by Olzhas Auyezov. Editing by Jane Merriman)

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