/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:

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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".

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More details are available on KASE website – see more

[2019-12-04]