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ForteBank recognized as “Bank of the year in Kazakhstan” by The Banker for the second year in a row

Every year, The Banker selects the best financial institutions from more than 140 countries, basing on the criteria of dynamic growth of a bank, development and implementation of innovative banking technologies, as well as the implementation of strategic projects. The Banker magazine has been published since 1926 and is part of the Financial Times group.

Commenting on the award, Mr. Guram Andronikashvili, Chairman of the Management Board of ForteBank, said:

“We are grateful to The Banker for the appreciation of our achievements. The award for two consecutive years confirms the effective performance and the right strategy. Under difficult market conditions, ForteBank has achieved success in all areas of business, having demonstrated strong growth.”

According to The Banker experts, the main factors that determined ForteBank’s victory were the strengthening of market positions, the growth of key financial indicators, the development of new business areas and high quality customer service.

ForteBank is one of the five largest banks in Kazakhstan in terms of assets, and occupies a leading position in terms of capitalization and liquidity.