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31 July 2025, 12:33
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28.07.2025 10:29 #Corporate events

Home Credit Bank will retain its credit profile after the deal with ForteBank

/KASE, July 28, 2025/ – Home Credit Bank JSC (KASE ticker – HCBN) reported the following:

quote

On July 23, 2025, the international rating agency Fitch Ratings published a commentary regarding the deal to acquire 100 % of shares of Home Credit Bank JSC (HCBK) planned by ForteBank JSC. The document emphasizes that this event does not have an immediate impact on the current ratings of HCBK. According to the agency, no significant changes in the bank's credit profile are expected in the short term, since after the completion of the transaction HCBK will continue to operate as an independent legal entity.

Fitch also notes that upon completion of the acquisition procedure, HCBK may be assigned a Shareholder Support Rating (SSR), which will reflect the possible level of support from ForteBank.

unquote

The full version of the press release is available at see more

[2025-07-28]