ForteBank completes purchase of 100 % of Bank Kassa Nova shares
02.05.19 17:47
/KASE, May 2, 2019/ – ForteBank (Nur-Sultan), whose securities are officially
listed on Kazakhstan Stock Exchange (KASE), has informed KASE about the
followingследующее:
quote
ForteBank JSC announces the closure of the transaction for acquisition of 100%
of shares of Bank Kassa Nova JSC. The transaction has been completed after
obtaining the approval of the National Bank of the Republic of Kazakhstan.
"The acquisition of Kassa Nova is one of the steps to implement the strategy of
ForteBank JSC development aimed at the consolidation of the banking assets of
the group. This transaction will allow ForteBank JSC work with certain more
niche segments of the market, and will give Kassa Nova an impetus to further
development, will strengthen the financial performance of the bank, and allow
its customers gain access to technological and product solutions implemented at
ForteBank JSC," Mr. Guram Andronikashvili, Chairman of the Management
Board of ForteBank JSC, commented.
Ms. Sholpan Nurumbetova, Chairwoman of the Management Board of Bank
Kassa Nova JSC, also noted that this event is fully consistent with the bank’s
business development strategy:
"In the period of rapid development and market changes, this transaction is a
successful step to strengthen financial stability and increase the liquidity of
the Bank. Thanks to the access to ForteBank's technological solutions, we will
be able not only to optimize costs, but also to improve the quality of
services. As a result, our employees and customers will receive a full range of
unique services with the most favorable and comfortable conditions."
Bank Kassa Nova JSC will continue to function as a full-fledged subsidiary bank
and fulfill its obligations to depositors, creditors and investors.
At the end of 2018, ForteBank is one of the three largest banks in Kazakhstan in
terms of assets, and occupies a leading position in terms of capitalization and
liquidity. ForteBank mobile application was recognized as №1 in Kazakhstan and
among the top 10 in the CIS according to Markswebb, Russian analytical agency.
For the second consecutive year, ForteBank has been recognized as "Bank of
the year in Kazakhstan" by The Banker and Global Finance.
unquote
[2019-05-02]