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ALMATY, March 13 Kazakhstan's second-biggest
lender, Halyk Bank, said it will pay a dividend this
year if a planned takeover of rival Kazkommertsbank (KKB) falls
Halyk, which has this month provisionally agreed to take
over KKB, expects its net income to rise to over 140 billion
tenge ($440 million) this year from 131.4 billion in 2016, Chief
Executive Umut Shayakhmetova told reporters.
"If the deal with KKB happens, then obviously the numbers
will change with respect to assets and profitability," she said.
"If the KKB deal does not happen, the bank (Halyk) may pay a
very large dividend."
Halyk did not pay a dividend from 2015 profit, but in the
previous years, it had paid out at least 25 percent of annual
profits in dividends.
Shayakhmetova did not say how much Halyk would pay for KKB.
Kazakhstan's central bank said separately on Monday that KKB
would sell half of its assets to a state-run 'bad bank' before
its proposed takeover by Halyk.
(Reporting by Mariya Gordeyeva; Writing by Olzhas Auyezov;
Editing by Maria Kiselyova and Louise Heavens)