/KASE, November 6, 2020/ – Kaspi Bank (Almaty), whose securities are officially
listed on Kazakhstan Stock Exchange (KASE), has informed KASE as follows:
quote
Moody’s Investors Service (“Moody’s”) raises the outlook on Kaspi.kz (KSPI)
subsidiary Kaspi Bank’s global scale long-term deposit ratings and the overall
issuer outlook to positive from stable. Moody’s also upgraded its national scale
long-term deposit rating to A1.kz from A2.kz and affirmed its national scale
long-term CRR of A1.kz.
Mikheil Lomtadze, Kaspi.kz co-founder and CEO, commented:
“Moody’s decision to move its outlook to positive and upgrade its national scale
deposit rating recognises our growing market share and rapidly diversifying
profitability as our Payments platform scales. All of this is a direct result of
our Super App strategy, which has made our market leading Payments, Marketplace
and Fintech platforms integral to people’s daily lives in Kazakhstan. As we
continue to develop new innovative products and services and play a major role
in Kazakhstan’s digital transformation.”
About Kaspi.kz
The mission of Kaspi.kz is to create innovative products and services that
improve the lives of our favorite customers. At the center of our innovations is
Kaspi.kz, a unique and most popular mobile super application in the country,
which is used by more than 8 million people in Kazakhstan. With the Kaspi.kz
super application our customers make online payments and transfers, manage
their personal finances and make profitable purchases with delivery. Each of
almost 10,000 employees of Kaspi.kz makes every effort every day to improve
the lives of our favorite customers and to constantly surprise by our innovations.
unquote
Detailed information is available on KASE website at:
https://kase.kz/files/emitters/CSBN/csbn_reliz_051120_kz.pdf – in Kazakh;
https://kase.kz/files/emitters/CSBN/csbn_reliz_051120.pdf – in Russian.
[2020-11-06]