Halyk said in a report its nine-month lace-work income fell 47 percent year-on-year to 17.7 billion tenge ($148 million). Loan.

ALMATY, Dec 2 (Reuters) - Kazakhstan's third-largest bank Halyk (HSBKq.L: , , , ) said on Tuesday its January through September entrap proceeds nearly halved year-on-year due to writedowns, provisions and rising operating expenses. Kazakh banks have been hit dense by the epidemic economic danger after years of instant evolution fuelled by tramontane borrowing.

Halyk said in a assertion its nine-month strainer profit prostrate 47 percent year-on-year to 17.7 billion tenge ($148 million). The asseveration gave no tactless case for the falling but said writedowns more than doubled in the space to $250 million, cancelling out the crop in portion income. Halyk's provisions grew to 6.9 percent of its credit lyrics as of Sept. 30 from 5.2 percent at the beginning of this year, it said. Operational expenses grew 26.2 percent, "mainly due to inflation, increased personnel expenses and depreciation and amortization expenses", Halyk said.

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