Halyk Bank AO : Interim Condensed Consolidated Financial Information (Unaudited) for the nine months ended 30 September 2016

Interim Condensed Consolidated Financial Information (Unaudited)

For the nine months ended 30 September 2016

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STATEMENT OF MANAGEMENT'S RESPONSIBILITIES FOR THE PREPARATION AND APPROVAL

OF THE INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION

FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2016 (UNAUDITED) 1

INDEPENDENT AUDITOR'S REPORT ON REVIEW OF THE INTERIM CONDENSED

CONSOLIDATED FINANCIAL INFORMATION 2

INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2016 (UNAUDITED):

Interim consolidated statement of financial position (unaudited) 3

Interim consolidated statement of profit or loss (unaudited) 4

Interim consolidated statement of other comprehensive income (unaudited) 5

Interim consolidated statement of changes in equity (unaudited) 6-7

Interim consolidated statement of cash flows (unaudited) 8-9

Selected explanatory notes to the interim condensed

consolidated financial information (unaudited) 10-52

Statement Of Management's Responsibilities For The Preparation And Approval

Of The Interim Condensed Consolidated Financial Information For The Nine Months Ended 30 September 2016 (Unaudited)

Management is responsible for the preparation of the interim condensed consolidated financial information that presents fairly the consolidated financial position of JSC Halyk Bank ("the Bank") and its subsidiaries (collectively - "the Group") as at 30 September 2016, the results of its operations for the three and nine months then ended, and cash flows and changes in equity for the nine months then ended, in accordance with International Accounting Standard 34 "Interim Financial Reporting"

("IAS 34").

In preparing the interim condensed consolidated financial information, management is responsible for:

• Properly selecting and applying accounting policies;

• Presenting information, including accounting policies, in a manner that provides relevant, reliable, comparable and understandable information;

• Providing additional disclosures when compliance with the specific requirements inIAS 34 are insufficient to enable users to understand the impact of particular transactions, other events and conditions on the Group's consolidated financial position and financial performance; and

• Making an assessment of the Group's ability to continue as a going concern. Management is also responsible for:

• Designing, implementing and maintaining an effective and sound system of internal controls,

  throughout the Group;

• Maintaining adequate accounting records that are sufficient to show and explain the Group's transactions and disclose with reasonable accuracy at any time the consolidated financial position of the Group, and which enable them to ensure that the interim condensed consolidated financial information of the Group comply withIAS 34;

• Maintaining accounting records in compliance with the Republic of Kazakhstan legislation;

• Taking such steps as are reasonably available to them to safeguard the assets of the Group; and

• Preventing and detecting fraud and other irregularities.

The interim condensed consolidated financial information of the Group for the nine months ended 30 September 2016 was authorized for issue by the Management Board on 14 November 2016.

1

Delmtte, LLP

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Republic of Kazakhstan Tel. +7 (727) 258 13 40

Fax.+7 (727) 258 13 41

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INDEPEN DENT AU DITOR'S REPORT ON REVIEW

OF TH E INTE RIM CON DENSED CONSOLIDATED FINANCIAL IN FORMATION

To the Shareholders and Board of Directors of JSC Halyk Bank: Introduction

We have reviewed the accompanying interim consolidated statement of financial position of JSC Halyk Bank ("the Bank") and its subsidiaries (collectively - "the Group") as at

30 September 2016 and the related interim consolidated statements of profit or loss, and other comprehensive income for the three and nine months then ended, and interim consolidated statements of changes in equity and cash flows for the nine months then ended, and a summary of significant accounting policies and other explanatory notes.

Management of the Group is responsible for the preparation and presentation of this interim condensed consolidated financial information in accordance withInternational Accounting Standard 34 " nterim Financial Reporting" (" AS 34"). Our responsibility is to express a conclusion on this interim condensed consolidated financial information based on our review.

Scope of review

We conducted our review in accordance with nternational Standard on Review Engagements 2410 "Review of nterim Financial nformation Performed by the

Independent Auditor of the Entity". A review of the interim condensed consolidated financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures . A review is substantially less in scope than an audit conducted in accordance with

International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly , we do not express an audit opinion.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim condensed consolidated financial information is not prepared, in all material respects, in accordance with AS 34 " nterim Financial Reporting".

14 November 2016 Almaty , Kazakhstan

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