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14 May 2026, 17:02
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12.05.2026 15:57 #Corporate events

ForteBank's Board of Directors decided to increase the bank's authorized capital

/KASE, May 12, 2026/ – ForteBank JSC (KASE ticker – ASBN) reported the following:

quote

ForteBank JSC announces that on May 12, 2026, the Bank's Board of Directors decided to issue 4,168,359,147 common shares within the authorized number of shares.

The decision was made to further develop the Bank's business, expand its operations, and strengthen its capital base. The capital increase will allow for expanded business lending, an area that forms the foundation for sustainable economic growth in Kazakhstan.

A list of shareholders with the preemptive purchase right was formed by Central Securities Depository JSC as of the date of the of the Board of Directors' decision – May 12, 2026.

Shareholders have the right to submit an order to buy shares within thirty calendar days from the date of issue notification. Payment for the purchased shares is due within thirty calendar days from the order date. Shares remaining unsold following the preemptive buyback procedure will be offered on the organized or OTC market at the established selling price.

unquote

The full version of the press release in Kazakh and Russian is available at – see more

[2026-05-12]