Bank RBK says Standard & Poor's affirmed ratings of the bank, outlook changed from "Stable" to "Positive"

/KASE, December 5, 2019/ – Bank RBK (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE about the following: quote 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". unquote More details are available on KASE website: - https://kase.kz/files/emitters/INBN/inbn_reliz_051219_1.pdf - https://kase.kz/files/emitters/INBN/inbn_rating_041219_13739.pdf [2019-12-05]