ForteBank
ForteBank is a Kazakh private bank. The head office is located in the capital Astana, with branches located throughout Kazakhstan.
 | |
 The headquarters of ForteBank in Astana | |
| Industry | Financial services |
|---|---|
| Predecessors |
|
| Founded | February 10, 2015 |
| Headquarters | Astana, Kazakhstan |
Key people | Bulat Utemuratov, Owner Bekzhan Piramatov, CEO |
| Website | forte |
As of January 2023, ForteBank ranks fifth in terms of assets among Kazakh banks.[1]
History
The current bank was created on February 10, 2015, as a result of the merger of three banks - ForteBank, Alliance Bank and Temirbank. The main shareholder of the bank is Kazakh businessman Bulat Utemuratov.[2]
2015
- ForteBank was established through the merger of ForteBank, Alliance Bank, and Temirbank.[3]
2016
- In October, the ForteBank Kulanshi Art Space gallery was opened in collaboration with the Kulanshi Center for Contemporary Art.[4]
- In November, an agreement was signed with the European Bank for Reconstruction and Development to provide a loan of 60 million US dollars for lending to micro, small and medium-sized business projects and to finance women's entrepreneurship under the EBRD's Women in Business program.[5]
2017
May marked the bank's first payment of dividends on its common shares. The total amount of accrued dividends amounted to 4.6 billion tenge.[6]
2018
- In February, Guram Andronikashvili, who previously held the position of First Deputy Chairman of the Board of the bank, was appointed Chairman of the Board of the bank.[7]
- In September, the bank issued 220 billion tenge of coupon bonds, with a rate of 4% and a term of circulation until 2024.[8]
- In December, the bank acquired Kassa Nova Bank.[9]
2019
- In March, the bank became a participant in a program for supporting projects for financing small and medium-sized enterprises through the Asian Development Bank.[10]
2020
- In May, the bank launched ForteMobile in collaboration with Beeline.[11]
- In May, the bank also launched the ForteForex platform for currency trading.[12]
- In August, ForteBank sold Kassa Nova Bank to Freedom Finance.[13]
2021
- In June, the bank launched a new generation of payment cards with enhanced digital capabilities.
- In September, the bank launched a new mobile application for legal entities, the “Forte Business App”, with functions such as of remote registration and opening accounts.
2022
- In January, ForteBank was the first bank to be accredited by the Center for Information Security of the Ministry of Digital Development, Innovation and Aerospace Industry of the Republic of Kazakhstan.
2023
- In March S&P Global Ratings rated ForteBank at the BB-/B level.[14]
- In April, Fitch rated ForteBank at the BB level.[15]
- In September, ForteBank joined the KazakhExport trade program.[16]
- In November, Moody's rated ForteBank at the Ва2 level.[17]
- Also in November, ForteBank and MasterCard launched the "Alem" service for international transfers to an account or card.[18]
- In December, an Executive MBA program was started for ForteBank leaders, in collaboration with Narxoz University.[19]
Business model
ForteBank is a universal bank operating in all market segments (retail, SME, corporate).
Inside the bank there is a division into brands:
- ForteBank — a bank for individuals, offering customers debit cards, credit cards, loans, and deposits.
- ForteBusiness —a bank for legal entities, offering customers corporate cards, accounts, loans, and deposits.
- ForteMarket — a marketplace through which Kazakh stores can sell their goods.
- ForteMobile — mobile services in collaboration with the telecommunications company Beeline.
- ForteForex — a currency trading platform.
References
- ^ Амин Абдулманов (2023-01-26). "Рейтинг банков Казахстана в 2023 году на основе Moody's, S&P и Fitch". BIZ MEDIA (in русский). Archived from the original on 2023-06-01. Retrieved 2023-06-01.
- ^ Александр Воротилов (2014-11-19). "Альянс Банк, Темiрбанк и ForteBank объединятся до конца года". www.forbes.kz. Archived from the original on 2020-10-23. Retrieved 2020-10-21.
- ^ "Три объединенных банка будут называться Forte bank". kapital.kz (in русский). 16 September 2014. Archived from the original on 2020-10-24. Retrieved 2020-10-21.
- ^ Иван Жуков (2016-12-09). "В Астане открылась выставка художников РК "Запах полыни"". www.forbes.kz. Archived from the original on 2020-10-26. Retrieved 2020-10-21.
- ^ Шолпан Жабаева (2017-06-08). "Для программы "Женщины в бизнесе" ЕБРР выделил ForteBank 30 млн долларов". informburo.kz. Archived from the original on 2020-10-24. Retrieved 2020-10-21.
- ^ "ForteBank выплатит дивиденды по простым акциям | Kazakhstan Today". www.kt.kz (in русский). Archived from the original on 2020-10-24. Retrieved 2020-10-21.
- ^ "Назначен новый председатель правления АО "ForteBank"". informburo.kz. 2018-02-09. Archived from the original on 2020-10-26. Retrieved 2020-10-21.
- ^ "ForteBank планирует выпустить облигации на 220 млрд тенге". Курсив - деловые новости Казахстана (in русский). Archived from the original on 2020-10-24. Retrieved 2020-10-21.
- ^ Forbes.kz (2018-12-14). "ForteBank купил Банк Kassa Nova". www.forbes.kz. Archived from the original on 2020-10-26. Retrieved 2020-10-21.
- ^ "ForteBank совместно с Азиатским Банком Развития направит 31 миллиард тенге на развитие предпринимательства". Курсив - деловые новости Казахстана (in русский). Archived from the original on 2020-10-23. Retrieved 2020-10-21.
- ^ tengrinews.kz (2020-05-26). ""Привет! Удобно говорить?" В Казахстане появилась новая мобильная связь ForteMobile". Главные новости Казахстана - Tengrinews.kz (in русский). Archived from the original on 2020-10-26. Retrieved 2020-10-21.
- ^ "ForteBank представил новый сервис по обмену валюты ForteForex". www.nur.kz (in русский). 2020-05-29. Archived from the original on 2020-10-22. Retrieved 2020-10-21.
- ^ "ForteBank продает 100% акций Банка Kassa Nova". kapital.kz (in русский). 8 April 2020. Archived from the original on 2020-10-23. Retrieved 2020-10-21.
- ^ "Агентство S&P вернуло "стабильный" прогноз по рейтингу ForteBank". informburo.kz (in русский). 2023-03-09. Retrieved 2024-02-12.
- ^ "Fitch повысило кредитный рейтинг ForteBank до BB". www.forbes.kz. 2023-09-04. Retrieved 2024-02-12.
- ^ "ForteBank присоединился к программе торгового финансирования KazakhExport". Деловой портал Капитал.кз (in русский). 2023-11-09. Retrieved 2024-02-12.
- ^ "Агентство Moody's изменило прогноз по рейтингу ForteBank на "позитивный"". informburo.kz (in русский). 2023-11-02. Retrieved 2024-02-12.
- ^ "Mastercard и ForteBank запустили новый сервис для быстрых международных переводов". www.forbes.kz. 2023-11-01. Retrieved 2024-02-12.
- ^ "Университет Нархоз и ForteBank запустили программу Executive MBA". www.forbes.kz. 2023-12-19. Retrieved 2024-02-12.