Halyk Bank and Click Form Strategic Partnership in Uzbekistan

Halyk Bank of Kazakhstan has signed a strategic agreement with Uzbekistan’s fintech leader Click, acquiring 49% of Click for $176.4 mln. In return, Click’s shareholders will purchase 49% of Halyk’s Uzbek subsidiary, Tenge Bank, for $60.76 mln. Both deals are subject to regulatory approval.

The agreement enables both companies to remain legally independent while collaborating to expand their presence in Uzbekistan’s growing digital finance sector.

Halyk is Central Asia’s largest financial group, with over $37.5 bn in assets and investment-grade credit ratings. Click serves more than 20 mln users in Uzbekistan and offers a wide range of digital services through its SuperApp platform. In 2024, Click recorded 35.3% revenue growth and a 37.5% increase in net profit.

The partnership is expected to boost service offerings across retail, SME, and corporate banking, reaching a combined customer base of more than 32 mln people across Kazakhstan and Uzbekistan.

Both Click and Tenge Bank will continue to operate as independent entities, with existing services and contracts remaining unchanged.

Kursiv Uzbekistan also reports that the HUMO Token project complies with Uzbekistan’s legislation and is based on principles of transparency and legal stability.