MFO "Arnur Credit" announces receiving gold certificate from MFR for client protection standards

06.10.23 10:31
/KASE, October 6, 2023/ – MFO "Arnur Credit" LLP (Shymkent), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated October 3, 2023: quote Arnur Credit received a Gold Certificate for Client Protection Standards from MFR The Cerise-SPTF Client Protection Certification is an independent third-party assessment that provides public recognition of financial institutions that meet Client Protection standards. Certification to the Client Protection Principles is highly valued by the responsible financial industry, including many investors and donors, as it is based on the "do no harm to the client" requirement – the minimum that most interested parties expect from the sector. The certification reviews an institution's policies, procedures, management systems, training and marketing practices in eight client protection areas. The standards and indicators have recently been revised and are fully aligned with the latest version of the Universal Standards for Social and Environmental Performance Management. The new certification includes a process to recognize financial institutions based on their performance and progress toward implementing favorable customer protection policies and practices. For this reason, the certification provides three levels of recognition (bronze, silver and gold), depending on the percentage of indicators met. Due to its commitment to customer protection, Arnur Credit has received the Gold Certificate. unquote The complete press release is available on – [2023-10-06]