PRESS RELEASE

Nur-Sultan 22.01.2021

Asiamoney recognizes ForteBank as the Best Bank in Kazakhstan

For the second time, ForteBank has become the bank of the year in Kazakhstan according to Asiamoney, which is a part of Euromoney Institutional Investor PLC Group. Traditionally, the decision on bestowing the Asiamoney Best Bank Award is made by a team of experienced financial analysts lead by the editor of Euromoney, based on the in-depth analysis of the financial institutions’ operations and the local capital markets research materials. Moreover, actual customer and partner feedback is also taken into account.

The international experts of Asiamoney praised the high-quality realignment of ForteBank processes aimed at supporting its customers during the crisis caused by the pandemic. ForteBank has actively supported the governmental initiative aimed at restructuring the customers which have faced difficulties during the quarantine. For the legal entities, ForteBank is an active participant of the support programs for the industries hit by Covid-19, with preferential lending at 6% per annum.

While commenting on the award, the Chairman of the Management Board of ForteBank Mr. Guram Andronikashvili noted: “We are grateful to Asiamoney for the high assessment of our work during the challenging 2020. Despite the adverse times caused by the pandemic, ForteBank continues to support its customers and to offer high-quality innovative services”.

ForteBank has won prestigious awards by the international business periodicals multiple times. The Banker and Global Finance, both being reputable international publications, recognized ForteBank as the best bank in Kazakhstan for three times.

ForteBank is one of the most stable, solvent and well-capitalized banks in the country. In 2018-2020, ForteBank was recognized as the best bank in Kazakhstan according to Global Finance, and was recognized as the Best Bank in Kazakhstan according to Asiamoney in 2019, receiving the Bank of the Year in Kazakhstan award by The Banker in 2017, 2018 and 2020. AQR results have confirmed the high degree of reliability and stability of ForteBank. The Bank has 20 branches and about 100 outlets.