Joint Stock Company Halyk Savings Bank Of Kazakhstan (LSE:HSBK) and JSC Kazkommertsbank (LSE:KKB) are in the initial stages of a potential transaction. JSC Halyk Savings Bank of Kazakhstan entered into a preliminary discussion with JSC Kazkommertsbank and its majority shareholder, Kenges Rakishev, over a possible transaction, the banks said. No related terms and conditions were disclosed.