Astana, July 23, 2026 – Moody's Ratings has upgraded ForteBank's long-term local and foreign currency deposit ratings from Ba2 to Ba1 and raised the Bank's Baseline Credit Assessment (BCA) from ba3 to ba2. The outlook has been revised to Stable. According to Moody's, the rating upgrade reflects ForteBank's strengthened financial profile and its ability to maintain solid credit fundamentals while successfully executing the strategically important acquisition of Home Credit Bank. Moody's also highlighted ForteBank's effective management of acquisition-related risks, as well as the strengthened diversification of the Bank's business, supported by the expansion of its retail franchise and broader customer base. The agency reaffirmed ForteBank's strong liquidity and funding profile. As of the end of the first quarter of 2026, customer deposits accounted for 75% of the Bank's total liabilities, while cash, cash equivalents and high-quality liquid assets represented nearly 30% of total assets, providing a solid foundation to support the Bank's continued business growth. Over recent years, ForteBank has undergone a period of transformational growth, significantly strengthening its market position, expanding its capital base and increasing the scale of its operations. Moody's upgrade represents further independent recognition of the Bank's continued strategic progress. Timur Issatayev, Chairman of the Board of Directors of ForteBank, commented: «Moody's rating upgrade reinforces our confidence that ForteBank's long-term strategy is delivering tangible results and earning independent recognition. Over the past few years, the Bank has significantly strengthened its market position, successfully completed one of the largest transactions in Kazakhstan's banking sector and maintained a resilient financial profile. We view this upgrade not only as recognition of the progress we have achieved, but also as confirmation that our strategic direction provides a solid foundation for sustainable long-term growth while further strengthening the confidence of our clients, partners and investors.»