/KASE, July 18, 2024/ – ForteBank JSC (Astana), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE about the following:

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On July 12, 2024, the international rating agency Moody's Investors Service announced its decision to affirm the Bank's long-term deposit rating at "Ba2", the rating outlook is "Positive", and to upgrade the Baseline Credit Assessment (BCA), which is not a rating, from "b1" to "ba3", with the upgrade reflecting improvements in ForteBank's asset quality, profitability and solvency. A consistent strategy, moderate risk appetite and favorable operating environment have helped the bank address some of its historical key lending challenges.

Currently the Bank's ratings are as follows:

• Long-term rating for deposits in local and foreign currencies "Ba2";
• Short-term deposit rating – "NP";
• Long-term counterparty risk rating "Ba1" (cr);
• Short-term counterparty risk rating "NP" (cr);
• Outlook: "Positive"

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[2024-07-18 ]