ForteBank reported a net profit of KZT 191.0 billion for 2025, with return on equity (ROE) reaching 32.9% - one of the highest levels in Kazakhstan’s banking sector.
Throughout the year, the Bank strengthened its market position, increasing its share to 10% across total assets, loan portfolio, and deposit base. A key milestone was the completion of the acquisition of Home Credit Bank Kazakhstan, reinforcing ForteBank’s position in the retail segment and creating additional opportunities for business scaling.
Total assets grew by 49% year-on-year to KZT 6.1 trillion. Net interest income increased by 19.5% to KZT 313.9 billion, driven by loan portfolio expansion and improved asset yields. Equity rose by 36% to KZT 774.9 billion, supporting a strong capital buffer well above regulatory requirements. The deposit base expanded by 50% to KZT 4.3 trillion, reflecting high customer confidence and stable funding.
The loan portfolio more than doubled, growing by 103% year-on-year. Retail lending was the primary driver, with the portfolio nearly tripling on the back of growth in consumer loans, including the contribution of Home Credit Bank, auto lending, and digital sales channels. SME and corporate segments also demonstrated steady growth, supported by increased financing in priority sectors of the economy. ForteBank recorded the highest loan portfolio growth among second-tier banks. The integration of Home Credit Bank contributed significantly to the retail business, accounting for 44% of the retail loan portfolio and 32% of the retail deposit base.
Asset quality remained solid, with the non-performing loan (NPL) ratio at 4.7% and a coverage ratio of 86%, significantly above market averages.
The Bank continues to maintain a strong capital position, with a K2 capital adequacy ratio of 21.4%, comfortably exceeding regulatory requirements. In 2025, ForteBank further strengthened its capital base through the successful placement of USD 400 million in perpetual subordinated bonds (Additional Tier 1).
Digital transformation remains a key pillar of ForteBank’s strategy. The Bank continues to expand its digital ecosystem, increase the share of online sales and transactions, and enhance operational efficiency through advanced analytics and technology development.
Looking ahead to 2026, ForteBank plans to sustain its growth momentum, focusing on the development of its digital ecosystem, further integration and scaling of Home Credit Bank, expansion of retail and SME offerings, and maintaining strong profitability and capitalization. The Bank remains committed to sustainable growth and operational excellence.

About ForteBank
ForteBank is one of the largest private banks in Kazakhstan, providing a wide range of services to corporate, retail, and SME clients. The Bank consistently ranks among the leaders in terms of assets and capital, actively implements digital solutions, supports sustainable financing, and has received international awards for innovation and quality of customer service. 
License of the Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan: No. 1.2.29/197/36 dated February 3, 2020, issued to ForteBank JSC.
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Press Contacts
ForteBank JSC
press@fortebank.com
+7 (7172) 599 999
Investor Relations Contact
ForteBank JSC
ir@fortebank.com




Growth, Scaling, and Deal of the Year: ForteBank Reports Annual Results

Astana, April 21, 2026 – Joint Stock Company ForteBank announces the outcomes of its Annual General Meeting of Shareholders, during which decisions were made regarding changes to the composition of the Board of Directors.
Following the early termination of his term, Fyodor Viktorovich Popandopulo has stepped down from the Board of Directors on his own initiative.
By decision of the shareholders, Oraz Alievich Zhandosov has been elected to the Board of Directors as an independent director. His term will commence on April 21, 2026, and will continue until the expiration of the current Board’s term, i.e., until the Annual General Meeting of Shareholders in 2028.
“Fyodor Viktorovich played an important role in strengthening the Bank’s corporate governance framework and advancing its strategic agenda. His professionalism, deep financial expertise, and independent perspective contributed to well-balanced decision-making at the Board level. We sincerely thank him for his work and his contribution to ForteBank’s sustainable development.
We are pleased to welcome Oraz Alievich to the Board of Directors. I am confident that his experience will make a meaningful contribution to further strengthening corporate governance and enhancing the Bank’s overall effectiveness,” said Timur Issatayev, Chairman of the Board of Directors of ForteBank.



ForteBank announces changes to its Board of Directors

ForteBank, JSC (hereinafter – the Bank), with the location of its executive body (Management Board) at the following address: 8/1, Dostyk Street, Yessil district, Astana city, Z05P1P0/010017, the Republic of Kazakhstan, hereby announces the voting results at the Annual General Meeting of the Bank Shareholders (hereinafter the "Meeting") held on April 20, 2026 from 10.00 a.m. to 11.00 a.m. by Astana time, at the following address: "Astana" Conference Room, 8th floor, 8/1, Dostyk Street, Astana city, Z05P1P0/010017, the Republic of Kazakhstan.
In accordance with the approved agenda, the following agenda items were considered at the Meeting, and the following resolutions were adopted as a result of the voting.
* * *
Item 1 of the Agenda " On the Approval of the Bank’s audited annual financial statements for 2025"
Approve the attached  audited consolidated and separate financial statements of the Bank for the year ended on December 31, 2025.
* * *
Item 2 of the Agenda "On the Approval of the procedure for the distribution of the Bank’s net income for 2025 and the amount of the dividend per common share of the Bank"
1.	Not to distribute net income of the Bank for 2025.
2.	Retain net income of the Bank at the disposal of the Bank.
* * *
Item 3 of the Agenda "On the Report of the Board of Directors of the Bank for the past financial year"
Approve the Report of the Board of Directors of the Bank for the past financial year.
* * *
Item 4 of the Agenda "On shareholders’ enquiries regarding the actions of the Bank and its officers, and the results of their review "
Take note of the information from the Bank’s Management Board that, in 2025, the Bank received 15 enquiries from 13 of its shareholders (regarding shareholdingand disposal of shares, dividend accrual, taxation and submission of additional materials to the general meeting of shareholders) to which the Bank provided responses with clarifications. No enquiries were received regarding the actions of the Bank or its officers.* * *
Item 5 of the Agenda "On the amount and structure of remuneration of the members of the Bank’s Board of Directors and the Management Board of the Bank in 2025"
Take note of the information on the amount and composition of remuneration of the members of the Bank’s Board of Directors and the Management Board in 2025.
* * *
 
Item 6 of the Agenda "On determining the amount of variable remuneration of the Chairperson and members of the Board of Directors based on the Bank performance results for 2025"
Determine the amounts of variable remuneration of the Chairperson and members of the Board of Directors for the results of the Bank based on the Bank’s performance results for 2025, in accordance with the attached document.
* * *
Item 7 of the Agenda "On the election of Mr. O. Zhandossov as a member of the Board of Directors of the Bank – Independent Director "
1.	Elect Mr. Oraz Zhandossov on April 21, 2026, as a member of the Board of Directors of the Bank – Independent Director.
2.	Determine that the term of office of Mr. Oraz Zhandossov as a member of the Board of Directors of the Bank shall expire simultaneously with expiration of the term of office of the Board of Directors of the Bank as a whole, that is, on the date of the annual general meeting of shareholders of the Bank in 2028, in accordance with the resolution of the annual general meeting of shareholders of the Bank dated April 29, 2025 (minutes № 01/25).
3.	Determine the amount of annual fixed remuneration of the member of the Board of Directors of the Bank, excluding taxes and other deductibles established by the legislation of the Republic of Kazakhstan, in accordance with the provided attached document.
4.	Determine that payment of the fixed remuneration to the member of the Board of Directors shall be performed on a monthly basis, on or before the third day of each month following the month for which the settlement is made.
5.	Determine that other payments, as well as reimbursement of costs of the member of the Board of Directors of the Bank, shall be performed as per the Policy for Remuneration and Reimbursement of Members of the Board of Directors of ForteBank JSC.
* * *
*Using or quoting the information contained herein shall be allowable only with obligatory reference to the source and with prior approval of ForteBank (press@fortebank.com)


On voting results at the Annual General Meeting of Shareholders of ForteBank, JSC

ForteBank Joint Stock Company (hereinafter referred to as the “Bank”) with its executive board (Management Board) located at the address: 8/1, Dostyk str., Yessil district, Astana city, Z05P1P0/010017, the Republic of Kazakhstan, hereby notifies its shareholders of the convening of the Annual General Meeting of shareholders of the Bank (hereinafter the “Meeting”), initiated by the Board of Directors of the Bank (Minutes of meeting No. 10 dated March 18, 2026) pursuant to Article 35.1, 35.2, Article 37.1, 37.3.3 and Article 41 of the Law of the Republic of Kazakhstan “On Joint Stock Companies” (hereinafter the Law “On Joint Stock Companies”).
The Meeting will be held on April 20, 2026, at 10.00 a.m. (Astana time), at the following address: “Astana” Conference Room, 8th floor, 8/1, Dostyk str., Astana city.
The participants shall be registered on April 20, 2026, from 09.00 a.m. to 09.45 a.m. (Astana time) at the venue of the Meeting.
The register of the Bank shareholders eligible to participate at the Meeting will be compiled as at 00.00 a.m. (Astana time) on March 27, 2026.
In the absence of a quorum, the adjourned Meeting will be held on April 21, 2026, at 10.00 a.m. (Astana time) at the same address and with the same agenda. The participants of the adjourned Meeting will be registered on April 21, 2026, from 09.00 a.m. to 09.45 a.m. (Astana time) at the venue of the Meeting.
* * *
Agenda of the Meeting 
1.	On the Approval of the Bank’s audited annual financial statements for 2025.
2.	On the Approval of the procedure for distribution of the Bank’s net income for 2025, on the amount of the dividend per common share of the Bank.
3.	On the Report of the Board of Directors of the Bank for the past financial year.
4.	On the appeals of shareholders to the actions of the Bank and its officials, and the results of consideration thereof.
5.	On the amount and structure of remuneration of members of the Board of Directors and the Management Board of the Bank in 2025.
* * *
The agenda of the Meeting is subject to amendments and/or supplements as stipulated by the law.
Pursuant to Article 44.4 of the Law “On Joint Stock Companies”, the materials on issues of the agenda of the meeting shall have been prepared and will be available for familiarization by shareholders not later than 10 days prior to the date of the Meeting at the location of the Management Board of the Bank.
Upon request of a shareholder of the Bank, the materials on issues of the agenda of the Meeting shall be sent thereto within three business days from the day of the request receipt, provided that the costs for making copies of documents and delivery of documents shall be borne by the shareholder.
For more information on the Meeting, please contact: +7 (7172) 59 99 99, extension 10200.
* * *
We hereby offer the shareholders of the Bank to get acquainted with the following procedure for the Meeting.
In accordance with article 17.5 of the Republic of Kazakhstan Law “On Banks and Banking Activities in the Republic of Kazakhstan”, legal entities incorporated in offshore zones the list whereof is established by the competent authority (see: resolution of the Management Board of the Agency of the Republic of Kazakhstan for regulation and development of financial market dated February 24, 2020, № 8 On establishing a list of offshore zones for the purposes of banking and insurance business, operation of the professional participants of stock market and other licensable types of activity on the stock market, business of the joint stock investment funds and business of organizations performing micro-financial activities), shall not be able to directly or indirectly own and (or) use, and (or) dispose the voting shares of the Republic of Kazakhstan banks.
Pursuant to para. 5-1 of the said article, the shareholder participating in the general meeting of shareholders shall submit a statement which indicates the compliance with Clause 5 of the present article by its shareholders (participants), in case the bank has no information on country of residence of such shareholders (participants). 
A shareholder who has not submitted the above stated statement is not allowed to participate in the general meeting of shareholders. 
In this regard, at registration, participants of the Meeting shall submit documents confirming their eligibility to participate in the Meeting and vote on issues considered at the Meeting.
The shareholders (representatives thereof) who arrived shall be registered before opening of the Meeting. Each shareholder is required to have his (her) identity document. A representative of the shareholder must submit a power of attorney confirming the authority thereof to participate and vote at the Meeting, or a document confirming the right to act without the power of attorney on behalf of a shareholder and represent the interests of such shareholder.
A shareholder (representative of a shareholder) arrived to take part in the Meeting held in-person is to be registered.
A shareholder (representative of a shareholder) who has not been registered shall not be counted in determining the quorum and shall not be entitled to vote.
The Meeting opens at the announced time if a quorum is present.
The Meeting shall hold elections of the chairperson and the secretary of the meeting, determines the form of voting – open or secret (by poll).
In accordance with Article 50.1 of the Law “On Joint Stock Companies”, voting on the agenda of the annual general meeting of shareholders is carried out under the principle of “one share – one vote”, except for providing each person eligible to vote at an annual general meeting of shareholders with one vote on the procedural issues of holding the general meeting of shareholders.
The Chairperson shall not be entitled to interfere with the speeches of those eligible to participate in the discussion of the agenda issue, except for cases when such speeches result in violation of the rules of the meeting or when the dispute on this issue is over.
The meeting shall be entitled to take a decision on suspension of its work and on extension of the period of work, including postponing consideration of certain issues on the agenda of the general meeting of shareholders to the following day.
The meeting may be declared closed only after consideration of all the issues of the agenda and adoption of resolutions thereon.
In accordance with Article 52.1 of the Law “On Joint Stock Companies”, the minutes of the general meeting of shareholders shall be drawn up and signed within three business days after the closing of the general meeting of the shareholders.
The Meeting shall be held in accordance with Articles 35-37, 39-48, 50-52 of the Law “On Joint Stock Companies”, Articles 17.5 and 17.5-1 of the Law “On Banks and Banking Activities”, and Article 15 of the Bank Charter.
* * *
We invite the shareholders of the Bank to participate in the Annual General Meeting of shareholders of the Bank.


The Annual General Meeting of Shareholders’ of ForteBank Joint Stock Company will be held on April 20, 2026.

ForteBank Joint Stock Company (hereinafter referred to as the “Bank”) with its executive board (Management Board) located at the address: 8/1, Dostyk str., Yessil district, Astana city,
Z05P1P0/010017, the Republic of Kazakhstan, in accordance with the resolution of the Board of Directors of the Bank (Minutes of absentee vote No.2 dated January 23rd, 2026), hereby notifies its shareholders of cancellation of the Extraordinary General Meeting of shareholders of the Bank, which was scheduled for 10.00 a.m. on February 26th, 2026.


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