**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.*


Asiamoney recognizes ForteBank as the Best Bank in Kazakhstan

**Nur-Sultan city, January 5th, 2021** – 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”), Сerebв reports tСe МСanРes Тn tСe composition of the Management Board of the Bank.

In accordance with the resolution of the Board of Directors of the Bank dated December 29th, 2021
(minutes of the meeting No.43), starting from January 5th, 2021, Sholpan Mukashkyzy Nurumbet is
elected as the member of the Management Board of the Bank – Deputy Chairwoman of the Management
Board.

**Contacts:**

Investor Relations
Tel. +7 (7172) 59 99 99 (int. 10249)
E-mail: IR@fortebank.com

Information on changes in the Management Board of ForteBank JSC

ForteBank announces the closure of the transaction for the sale of 100% of the common shares of Bank Kassa Nova to the Freedom Finance Investment Company.
In August 2020, ForteBank has announced the signing of an agreement of sale of 100% of the common shares of Bank Kassa Nova. Acquisition of an approval from the Agency of the Republic of Kazakhstan for Regulating and Development of the Financial Market and other required clearances has preceded the closing of the transaction.

Bank Kassa Nova is an independent, well-capitalized medium-sized bank specializing in rendering high quality financial services.


*ForteBank is one of the most stable, solvent and well-capitalized banks in the country. AQR results have confirmed the high degree of reliability and stability of ForteBank. In 2020, ForteBank became the Bank of the year in Kazakhstan according to The Banker. 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.*

Press office
Phone: +7 (7172) 59 99 99 (int. 10868)
E-mail: epeltola@fortebank.com

ForteBank sells 100% of Bank Kassa Nova shares

**PRESS RELEASE**

Nur-Sultan city
20.12.2020
 
Moody’s upgrades ratings of ForteBank

Moody’s Investors Service (“Moody’s”) announced its decision to upgrade once again the long-term deposit ratings of ForteBank to Ba3 from B1, the outlook is stable. In July, 2019 Moody’s upgraded the long-term deposit ratings to B1 from B3 (by two notches at one go), the outlook – stable.
According to Fitch analysts, the upgrade of the ratings recognizes the consistent improvements of the Bank’s solvency metrics along with strong liquidity despite business pressures related to the coronavirus containment measures and the economic contraction in Kazakhstan. ForteBank displayed strong profits and modest loan growth in recent years, which enabled the Bank to notably improve its solvency. ForteBank’s liquidity also remains healthy. The Bank was rapidly growing its deposit base while being conservative with loan origination.

**Mr. Guram Andronikashvili**, Chairman of the Management Board of ForteBank, commented on the news:

*“Moody’s international ratings agency estimates ForteBank’s team work in creating one of the most stable banks in the country. In November, 2020 Fitch Ratings also upgraded the outlook on ForteBank’s ratings. In spite of the challenging market conditions caused by global pandemic, ForteBank keeps on demonstrating stable financial and operational results. Ratings upgrade confirms the right direction of the development strategy chosen, efficiency and clients’ confidence in the bank.”*

ForteBank is one of the most stable, liquid and high-capitalized banks in the county. AQR results confirmed high reliability and stability of ForteBank. In 2020 ForteBank became the bank of the year in Kazakhstan for the third time according to The Banker magazine. In 2018-2020 Fortebank was recognized as the best bank in Kazakhstan according to Global Finance and the best bank in Kazakhstan in 2019 according to Asiamoney.

Contacts:

Investor relations
Phone: +7 (7172) 58 75 75 (int. 10249)
E-mail: IR@fortebank.com

Press office

Phone: +7 (7172) 59 99 99 (int. 10868)
E-mail: epeltola@fortebank.com


Moody’s upgrades ratings of ForteBank

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 notifies on the changes in the membership of the Management Board of the Bank.

In accordance with the resolution of the Board of Directors of the Bank dated November 26th, 2020 (minutes of the meeting No.38), starting from November 27th, 2020, Vladimir Kirushko is elected as the Member of the Management Board of the Bank – Deputy Chairman of the Management Board.

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

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