Halyk Bank and Click deal collapsed

The deal for Halyk Bank to acquire a 49% stake in Uzbekistan’s payment system Click collapsed, as the closing deadline expired on December 31, 2025, according to materials prepared for the bank’s annual general meeting.

The structure initially planned a stake swap

1. Halyk Bank would acquire 49% of Click
2. Click would receive 49% in Halyk’s subsidiary Tenge Bank

The deal could have strengthened Halyk Bank’s position in Uzbekistan and integrated banking infrastructure with one of the country’s largest payment systems.

The parties continue to discuss possible cooperation options.