/KASE, July 18, 2025/ – ForteBank JSC (KASE ticker – ASBN) has announced
the following:
quote
– International rating agency Moody's Ratings affirmed ForteBank's long-term
local and foreign currency deposit ratings at Ba2 with a positive outlook. The
agency also confirmed counterparty ratings, foreign currency senior unsecured
debt rating, and Baseline Credit Assessment (BCA) at ba3.
According to Moody's report, the rating affirmation reflects the bank’s
resilient financial position, including strong capitalisation, ample liquidity,
and solid profitability. Moody's positively assesses ForteBank's ability to
manage risks associated with its announced acquisition of a 100% stake in JSC
"Home Credit Bank" (Kazakhstan). The transaction is expected to close by the
end of 2025, subject to approval of the Agency for Regulation and Development
of the Financial Market of the Republic of Kazakhstan. The transaction will be
financed from the bank’s own resources. An additional contributing factor is
the bank's increasing systemic importance in the context of sector
consolidation.
unquote
The full version of the press release in Qazaq, Russian and English is available
at –
https://kase.kz/files/emitters/ASBN/asbn_relizs_180725_1.pdf
[2025-07-18]