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Growth of ForteBank’s indicators outstrips market dynamics

Aliya Dykanbayeva, CFO, First Deputy Chairman-Management Board at ForteBank JSC:

– ForteBank has strengthened its market position in all client segments, increased its return on equity and improved the quality of its loan portfolio. Noting that, the S&P rating agency upgraded ForteBank’s long-term credit rating from B+ to BB- this July. 

According to the consolidated financial statements under IFRS, ForteBank’s assets grew by 8%. The size of the bank’s loan portfolio exceeded 1 trillion tenge, an increase of 25% against 5.5% on average in the sector. At the same time, lending grew the most in the segment of legal entities – by 31.9%. ForteBank’s retail loan portfolio grew by 17.8%. 

The consolidated net profit of the bank for the half year exceeded 44.5 billion tenge (profit for the 1st half of 2021 amounted to 31.6 billion tenge). 

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