For the victory in this nomination, Halyk Finance analysts competed with the analytical divisions of HSBC (2nd place) and Renaissance Capital (3rd place). In order to determine the winner, FocusEconomics experts calculated the overall forecast accuracy rating based on a combination of six key parameters (GDP, fiscal balance, inflation, base interest rate, national currency exchange rate and current account balance).
“The award of such a reputable organization as FocusEconomics is another proof of the high quality of the analytical content that our team generates,” said Talgat Ayupov, Chairman of the Board of Halyk Finance JSC.
It should be noted that Halyk Finance's analytical products include regular reports on the banking sector and macroeconomics, forecasts of the major indicators of the economy of Kazakhstan, news flashes and market round-ups. Halyk Finance also covers equity and debt instruments of the local and foreign issuers.
Halyk Finance JSC is the leading investment bank in Kazakhstan, providing full range of investment banking services, including financial consulting and underwriting (arranging the issuance and placement of securities of corporate issuers), corporate finance services (including M&A advisory services for the purchase / sale of shares and shares participation of companies and corporate debt restructuring), brokerage services and securities trading, market maker services on the KASE and AIX trading floors, investment portfolio management, as well as regular analytical services. More than 2500 users, including foreign investment funds, have signed up for Halyk Finance analytical research.
FocusEconomics Analyst Forecast Awards is an annual nomination, the winners of which are recognized as the most accurate forecasters of key macroeconomic indicators of more than 80 countries. Each month, FocusEconomics receives forecast data from more than 1,200 economic experts representing national and international banks, leading financial institutions and research companies to draw up consensus forecasts.
