Astana, 26 October 2023 – ForteBank Joint Stock Company, located at the address: 8/1, Dostyk str., Astana city, Z05P1P0/010017, Republic of Kazakhstan (hereinafter – the “Bank”), hereby announces the changes to the Management Board of the Bank.

In accordance with the resolution of the Board of Directors of the Bank dated 23 October 2023 (minutes of the meeting No. 31 (z)), starting from 23 October 2023, Mr. Ravshan Irmatov is elected as a member of the Management Board of the Bank – Deputy Chairperson of the Management Board (CFO).


Changes to the Management Board of ForteBank JSC

Astana, September 22, 2023 – ForteBank Joint Stock Company located at the address: 8/1, Dostyk str., Astana city, Z05P1P0/010017, Republic of Kazakhstan (hereinafter the “Bank”), hereby informs that the powers of  Mrs. Aliya Dykanbayeva as a member of the Management Board – the First Deputy Chairwoman of the Management Board (CFO) of the Bank, shall be terminated early starting from September 29, 2023, upon her own initiative.

Changes to the membership of the Management Board of ForteBank JSC

Astana, September 21, 2023 – ForteBank Joint Stock Company, located at the address: 8/1, Dostyk str., Astana city, Z05P1P0/010017, Republic of Kazakhstan (hereinafter – the “Bank”), hereby reports 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 as of September 18, 2023, (minutes of the meeting No. 27 (z)), starting from September 18, 2023, Mr. Astan Sagitov is elected as a member of the Management Board of the Bank – Managing Director.


Information on changes in the membership of ForteBank, JSC Management Board

Fitch international rating agency has upgraded ForteBank's Long-Term Issuer Default Ratings to 'BB' with a 'Stable' Outlook. According to the release of the agency, Forte's rating upgrade reflects the Bank's improved asset quality, which is supported by an only moderate share of loans in total assets at 42% at the end of the first half of 2023.

Fitch draws attention to the Bank's intrinsic strengths, in particular, solid capital and liquidity buffers and robust operating profitability. Forte has demonstrated strong performance in the past four years, with operating profit averaging 4.7% of risk-weighted assets.

A positive factor is the balance of Forte’s portfolio by segments. Forte has good access to the largest Kazakh corporates, including export-oriented companies, in addition to its focus on consumer finance and SME lending.

“In the past 12 months, Forte's rating has been upgraded for the second time, which is a rare event. Fitch's assessment shows how accurately the expert community understands Forte's effective strategy and policies in the market. The 'BB' rating is one of the highest in the sector and is the result of a significant improvement in the bank's performance, reflects our financial strength and demonstrates that Forte is a strong and reliable bank for clients in any segment,” commented Bekzhan Pirmatov, Chairman of the Management Board of ForteBank.

Forte is the fourth largest private bank in Kazakhstan in terms of assets, has a wide branch network in all regions of the country.



Fitch upgrades ForteBank to 'BB'


Hereby ForteBank, JSC (hereinafter – the Bank) informs that the Bank, in accordance with the decision made by the Annual General Meeting of Shareholders on May 2, 2023 , starting from May 4, 2023, makes payment of the dividends on the common shares of the Bank for 2022, accrued in the amount of KZT 49 034 392 342,84 , at the rate of KZT 0,5421 per one common share, including the amount of taxes payable as required by legislation of the Republic of Kazakhstan. The distribution of dividends among the shareholders is carried out to the shareholders, in accordance with the register provided by the Central Securities Depository, JSC as of 00:00, Astana time, May 3, 2023.

As of May 31, 2023, the Bank has distributed to its shareholders having up-to-date details in the register the dividends in the amount of KZT 49 032 165 688,33 (pretax), which comprises to more than 99,99% of the total amount of accrued dividends. The dividends in the amount of KZT 2 226 654,51 are remained unpaid due to absence of the up-to-date details of the shareholders (including payment details) in the shareholders register system of Central Securities Depository, JSC.

In case of non-delivery of the dividends, the Bank shareholders may contact directly to the Bank up to and including July 31, 2023, to receive the dividends that have been unpaid due to absence of the up-to-date details. After August 1, 2023, the accrued dividends that have been unpaid due to the absence of the up-to-date details of the shareholders will be transferred by the Bank to the account of unclaimed dividends held with the Central Securities Depository, JSC, in accordance with the requirements of paragraph 4 of article 23 of the Law of Republic of Kazakhstan “On Joint Stock Companies” and the paragraph 2 of the clause 40-1, chapter 3-1 of the Rules for Operation of the Central Depository , where shareholders may apply for the receipt of the dividends. 

For the preliminary consultation, you can contact:
- ForteBank, JSC via e-mail ir@fortebank.com or by calling the number +7 (7172) 59 99 99 (ext. 10248, 10123);
- Central Securities Depository, JSC by the contact details from: https://kcsd.kz/.






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