ForteBank Joint Stock Company is one of the leading banks of Kazakhstan that has been successfully operating on the market for more than 20 years.
ForteBank JSC has an extensive branch network consisting of 20 branches and more than 100 outlets. It also has a wide network of acquiring devices, consisting of:
Financial indicators of ForteBank over six months of 2021 are presented based on the consolidated financial statement. Based on the results of six months of 2021, ForteBank has demonstrated growth in regards to every key financial and operational indicator.
The assets have grown by 6% and amounted to KZT 2 205 billion. The bank is ranked 5th with the share of 6.5% in regards to assets in the banking sector of Kazakhstan.
The loan portfolio has increased by 0,6% and amounted to KZT 754 billion. The Bank’s share in the banking sector amounts to 5%.
The loan portfolio quality has improved, the delinquent loans share according to the method of the National Bank of the Republic of Kazakhstan as at 01.07.2021 is 6,18%, compared to 7,16% as at the beginning of the year.
The deposit portfolio has grown by 10% and amounted to KZT 1 527 billion. The Bank’s share in the banking sector amounts to 6%.
The liquidity level has a significant reserve, K4 working capital ratio (current assets to short-term obligations ratio) is 185%, given the standard of at least 30%.
Capital and profit
Net profit for six months of 2021 has increased in comparison to the similar period of 2020 by 2%, amounting to KZT 31.6 billion.
The equity capital of the Bank amounted to KZT 243 billion. K1 capital adequacy ratio (the banks equity capital to the risk-weighted assets ratio) is about 19%, given the standard, taking into consideration the conservation buffer, of more than 7.5%.
Key events of 2017:
Key events of 2018:
Key events of 2019:
Key events of 2020:
Key events of 2021: