/KASE, December 5, 2019/ – Bank RBK (Almaty), whose securities are officially
listed on Kazakhstan Stock Exchange (KASE), has informed KASE
about the following:
International rating agency S&P Global Ratings (hereinafter – S&P) affirmed
credit ratings of Bank RBK at "В-/В". Outlook on ratings was improved from
"Stable" to "Positive".
"We consider that the management team of Kazakhstan-based Bank RBK is
showing consistent strategy implementation, gradually recovering earnings
generation capacity, and stabilizing its asset quality. We believe that
management's efforts could ultimately lead to sustainably better asset quality
metrics than for most of the bank's domestic peers".
More details are available on KASE website: