Click–Halyk Bank Deal Remains Uncompleted in 2025

Tashkent, Uzbekistan (UzDaily.com) — Payment service Click and Kazakhstan’s Halyk Bank have failed to complete a deal planned for 2025, according to materials prepared for the annual general meeting of shareholders of Halyk Bank.

In July 2025, the parties announced reciprocal investments: Halyk Bank was to acquire a 49% stake in Click for US$176.4 million, while Click shareholders were expected to purchase a 49% stake in Halyk Bank’s subsidiary, Tenge Bank, for US$60.76 million.

However, as of 31 December 2025, the validity period of the signed transaction documentation had expired, and the deal was not finalized.

The document notes that the parties continue to discuss possible options and terms for further cooperation.

Earlier, in September 2025, Halyk Bank received approval from the Kazakh regulator to acquire a stake in Click.

Final completion of the transaction still requires approvals from the Central Bank of Kazakhstan and the Competition Committee.

As a result, the prospects for integration between Click and Halyk Bank remain uncertain, with any final agreement dependent on regulatory clearance and mutually agreed terms of cooperation.