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. 

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.

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

According to S&P analysts: “We have affirmed our ratings on the bank because we expect that its professional management team, supportive shareholder, good level of disclosure, and very limited related-party business will enable it to withstand increased industry risks in the Kazakh banking system. 

According to S&P analysts: “We have affirmed our ratings on the bank because we expect that its professional management team, supportive shareholder, good level of disclosure, and very limited related-party business will enable it to withstand increased industry risks in the Kazakh banking system. We also think that the bank's liquidity is sufficient and well-managed with a good liquidity buffer. Looking ahead, we anticipate that the bank could further develop its broad-based franchise in Kazakhstan.”

 

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

“ForteBank continues to demonstrate positive financial performance and operating results, maintaining a leading position in terms of capital adequacy and liquidity. The financial performance reflects our customers’ high confidence in the bank and the excellent work of the entire team.”
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ForteBank is one of the most stable, liquid and well-capitalized banks in the country, trusted by more than 2,000,000 customers. The bank has 19 branches and about 100 outlets. Mobile application of the bank was recognized as №1 in Kazakhstan and among the top 10 in the CIS according to Markswebb, Russian analytical agency. In 2017, ForteBank was recognized as “Bank of the year in Kazakhstan" by The Banker and the best bank in Kazakhstan by Global Finance.


Contacts:

Investor relations

Phone: +7 (7172) 58 75 75 (ext. 10249)

E-mail: IR@fortebank.com

 

Press office

Phone: +7 (7172) 59 99 99 (ext. 10868, 10975)

E-mail: epeltola@fortebank.com

S&P Global Ratings affirmed ratings of ForteBank, outlook “Positive”

ForteBank JSC (Management Board is located at: 8/1, Dostyk str., Astana city, 010017, Republic of Kazakhstan) (hereinafter the “Bank”) hereby announces the voting results at the Extraordinary General Meeting of the Bank Shareholders (hereinafter the “Meeting”) held on 12 March 2018 from 10.00 to 11.00 by Astana standard time, at the following address: “Semey” Conference Room, 8th floor, 8/1, Dostyk str., Astana city, 010017, Republic of Kazakhstan.

According to the approved agenda, the following issue was considered at the Meeting: “On determining of the number of members, the term of office of the Board of Directors of the Bank, electing of members thereof, determining of the amount and terms of payment of remuneration, as well as reimbursing of expenses to the members of the Board of Directors of the Bank for the performance of their duties.”

Based on the results of voting at the Meeting, the resolutions were passed as follows:

–   the composition of the Board of Directors of the Bank has been determined in the number of five persons with a term of office that expires at the time of the annual general meeting of shareholders of the Bank in 2021;

–   Mr. M. Auezov, Mr. A. Utemuratov and Mr. T. Issatayev were elected as members of the Board of Directors of the Bank, as representatives of interests of Mr. B.Zh. Utemuratov, a shareholder of the Bank;

–   Mr. R. Bekturov and Mr. H. Pandza were elected as members of the Board of Directors of the Bank – Independent Directors of the Bank;

–   the amount of monthly fixed remuneration of the members of the Board of Directors of the Bank has been determined, and it was established that other payments, as well as reimbursement of expenses to the members of the Board of Directors of the Bank, shall be carried out in the amount and in the manner set by the Policy of Remuneration of members of the Board of Directors of ForteBank JSC, and reimbursement of expenses thereof.

For reference.

Total common voting shares of the Bank represented at the Meeting during the whole time thereof – 73,714,243,282 (97.3864 % of the total common voting shares of the Bank).

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