/KASE, February 2, 2022/ – Nurbank (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release:

quote

Due to a change in the institutional structure of the Republic of Kazakhstan and the revision by "S&P Global Ratings" of the assessment of development trends and sectoral risks of the banking sector, the agency affirmed the ratings of 8 banks of Kazakhstan.

The international rating agency "S&P Global Ratings" affirmed the credit ratings of Nurbank JSC at "B-/B", the outlook is "Stable".

Agency experts noted that their forecast assumes no need for additional capital injections in 2022, growth of the loan portfolio by about 5-7% and the cost of creating additional provisions in the amount equivalent to 3% of the average loan portfolio in the next two years.

unquote

The complete press release is available on – see more

[2022-02-02]