/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 –
https://kase.kz/files/emitters/NRBN/nrbn_rating_270122_001.pdf
[2022-02-02]