/KASE, December 4, 2019/ – ForteBank (Nur-Sultan), whose securities are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
the following press release dated December 4, 2019:
quote
On December 3, 2019 international rating agency Fitch Ratings announced its
decision to improve the outlook from "Stable" to "Positive" and confirm the
long-term IDR of ForteBank at "В".
According to Fitch analysts: "ForteBank demonstrates a stable and reasonable
profitability over past few years (ROAA and ROAE – 2.3% and 20% in 9 months
of 2019), which, in our opinion, is a stable indicator. The quality of Forte's
assets is low-risk. Funding and quality of liquidity is rather strong side of
the rating".
unquote
More details are available on KASE website –
http://kase.kz/files/emitters/ASBN/asbn_reliz_041219_1.pdf
[2019-12-04]