/KASE, January 28, 2022/ – ForteBank (Nur-Sultan), whose securities are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
the following press release dated January 28, 2022:
quote
On January 26, 2022, the international rating agency S&P Global Ratings
announced its decision to affirm the ratings of ForteBank at "B+/B", the rating
on the national scale at "kzBBB+", the outlook remained the same – "positive".
According to S&P analysts: "ForteBank's business position remains strong,
reflecting the fact that the Bank ranks the fifth in the Republic of Kazakhstan
in terms of market share and is characterized by a stable capability of
generating profits. We expect ForteBank JSC to maintain a stable and a
diversified funding profile over the next 12-18 months. The Bank's ratings are
also supported by our view of moderate systemic importance for Kazakhstan's
banking sector".
unquote
The complete press release is available on KASE website –
https://kase.kz/files/emitters/ASBN/asbn_relizs_280122.pdf
[2022-01-28]