Halyk Bank targets 2021 net income of over 400B tenge

JSC Halyk Savings Bank of Kazakhstan aims to increase net income to more than 400 billion tenge in 2021.

The lender's net income for full year 2020 stood at 352.7 billion tenge, up from 334.5 billion tenge in 2019.

Halyk Bank is also targeting total net loan portfolio growth of about 16% and a net interest margin of roughly 5.0% in 2021, it said in a March 15 presentation.

As of March 15, US$1 was equivalent to 418.86 Kazakhstan tenge.