/KASE, August 4, 2020/ – ForteBank (Nur-Sultan), whose securities are officially
listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following
press release of August 4, 2020:
ForteBank has announced the signing of an agreement for the sale of 100% of Bank
Kassa Nova shares to the investment company FREDOM FINANCE. The closing of
the transaction is planned by the end of 2020 after receiving an approval from
the Agency of the Republic of Kazakhstan for Regulation and Development of the
Financial Market and other necessary permits.
"The creation of Bank Kassa Nova, its consistent development into a stable and
successful financial institution and the subsequent sale is a classic example of
the implementation of the right business strategy, which even in difficult
times from an economic point of view has proven its effectiveness. The
announcement of this deal confirms the stability and reliability of the Bank
with good growth potential. Bank Kassa Nova will continue its work providing
high quality services to its clients", – commented Guram Andronikashvili, the
Chairman of the Management Board of ForteBank.
Bank Kassa Nova is an independent, well-capitalized, medium-sized bank
specializing in providing quality financial services to the small and
medium-sized business sector. Over the past few years, Bank Kassa Nova has
significantly strengthened its financial performance, expanded its product line
and improved the quality of service.
The complete press release is available on KASE website –