ForteBank signs agreement on sale of 100 % of stocks of Bank Kassa Nova

04.08.20 12:22
/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: quote 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. unquote The complete press release is available on KASE website – [2020-08-04]