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. 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%.

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