**Nur-Sultan city, June 5th, 2020** – ForteBank Joint Stock Company located at the address: 8/1, Dostyk str., Nur-Sultan city, Z05P1P0/010017, Republic of Kazakhstan (hereinafter referred to as the “Bank”), hereby informs of the changes in the composition of the Management Board of the Bank.

In accordance with the decision of the Board of Directors of the Bank dated June 4th, 2020 (minutes of the meeting No. 18), **on June 4th, 2020:**

- The powers of Batyrbekov Adil Umirbayevich, a member of the Management Board, Deputy Chairman of the Management Board of the Bank, were terminated (the last day in office – June 3rd, 2020);

- Pirmatov Bekzhan Olzhayevich was elected as a member of the Management Board of the Bank, Deputy Chairman of the Management Board of the Bank;

- Sarsebekov Nurlan Zhumabekovich was elected as a member of the Management Board of the Bank, Deputy Chairman of the Management Board of the Bank.



Information on changes in the composition of ForteBank JSC Management Board

Herewith ForteBank JSC (hereinafter - Bank) informs that the Bank, in accordance with decision made by the Annual General Meeting of Shareholders dated May 4th, 2020 (minutes №01/20) on common shares dividends payment for 2019 in the amount of KZT 0,2372  (zero point twenty-three seventy-two tiyn) per one share, has paid dividends according to available payment details in the amount of KZT 21 108 706 425,33 (twenty-one billion one hundred eight million seven hundred six thousand four hundred twenty-five tenge 33 tiyn), which comprises 99,99% of the total accrued dividends amount, during the period of dividends payment started on May 6th 2020.

Based on the decision made by the Annual General Meeting of Shareholders, the dividends were paid according to the payment details provided by Central Securities Depository JSC as of 00:00, Nur-Sultan time, May 5th 2020. Total amount of the Bank’s common shares dividends for 2019 accrued to be paid to the shareholders was KZT 21 109 677 636,23 (twenty-one billion one hundred nine million six hundred seventy-seven thousand six hundred thirty-six, 23) tenge  . The accrued dividends that have not been distributed due to the absence of the up-to-date payment details of the shareholders shall be transferred by the Bank to the unclaimed dividends account with Central Securities Depository JSC in compliance with the requirements of clause 4 of article 23 of the Law of the Republic of Kazakhstan On the Joint Stock Companies.

Thus, in case of non-delivery of the due and payable dividends, the Bank shareholders should contact Central Securities Depository JSC in order to receive the dividends accrued. 

You may have preliminary consultation with the specialists of Central Securities Depository JSC regarding the receipt of the dividends by using the following contact details:

website: www.kacd.kz;

Call Center: +7 (727) 312 33 04, +7 (777) 150 94 22 (WhatsApp only);

Hotline (free of charge calls from the landline and mobile phones within the Republic of Kazakhstan): 8 800 080 86 68.

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Contacts: 
Investor Relations
Tel. +7 (7172) 58 75 75 (int. 10249)
E-mail: IR@fortebank.com


ForteBank JSC informs on dividends payment on common shares

According to the results of the Asset Quality Review (AQR) carried out by the National Bank of the Republic of Kazakhstan with the involvement of independent audit companies, ForteBank JSC informs its customers, investors and partners that the AQR confirmed the Bank’s strong position and significant excess of the Bank’s capital above regulatory and prudential capital requirements (K1 and K2).
Asset Quality Review (AQR) was carried out in accordance with the methodology of the European Central Bank, which provides unified approaches to asset assessment, conservatism in assessing impairment triggers, completeness of information, independence and thoroughness in audit procedures. The AQR review served as additional stress testing for the credit loss model and collateral assessment used by the Bank, and confirmed their sufficient level of conservatism. Immaterial discrepancies in provision accruals in accordance with IFRS, identified during the AQR as of April 1, 2019, amounted to less than 1.2% of the Bank’s capital and have been considered during the audit.
ForteBank JSC, being a large financial institution in Kazakhstan, supports efforts of the Regulator in elaborating systematic financial regulation and supervision measures and will develop internal systems and processes in accordance with the adopted recommendations.
The results of the AQR will certainly improve the transparency of information on the condition of the banking system of Kazakhstan and will contribute to the sustainable development of the country's financial sector.
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As of December 31, 2019 ForteBank is the third largest bank in Kazakhstan in terms of assets and holds leading positions in terms of capitalization and liquidity. The capital adequacy ratio K1 amounted to 17.0%, K2 - 18.3% (with minimum requirements of 5.5% and 8%, respectively). K4 liquidity level was 165.2%, with a minimum requirement of 30%.

Contacts: 
Investor Relations
Tel. +7 (7172) 58 75 75 (int. 10249)
E-mail: IR@fortebank.com

Media Service
Tel.: +7 (7172) 59 99 99 (int. 10868) 
E-mail: PR@fortebank.com


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