Wikipedia

ForteBank

ForteBank is a Kazakh private bank. The head office is located in the capital Astana, with branches located throughout Kazakhstan.

ForteBank
IndustryFinancial services
Predecessors
  • ForteBank
  • Alliance Bank
  • Temirbank
FoundedFebruary 10, 2015; 9 years ago (2015-02-10)
HeadquartersAstana, Kazakhstan
Key people
Bulat Utemuratov, Owner Bekzhan Piramatov, CEO
Websiteforte.kz

As of January 2023, ForteBank ranks fifth in terms of assets among Kazakh banks.[1]

History

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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

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  • ForteBank was established through the merger of ForteBank, Alliance Bank, and Temirbank.[3]

2016

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  • 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

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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

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  • 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

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  • In March, the bank became a participant in a program for supporting projects for financing small small and medium-sized enterprises through the Asian Development Bank.[10]

2020

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  • 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

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  • 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

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2023

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  • 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

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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

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  1. ^ Амин Абдулманов (2023-01-26). "Рейтинг банков Казахстана в 2023 году на основе Moody's, S&P и Fitch". BIZ MEDIA (in Russian). Archived from the original on 2023-06-01. Retrieved 2023-06-01.
  2. ^ 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.
  3. ^ "Три объединенных банка будут называться Forte bank". kapital.kz (in Russian). 16 September 2014. Archived from the original on 2020-10-24. Retrieved 2020-10-21.
  4. ^ 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.
  5. ^ 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.
  6. ^ "ForteBank выплатит дивиденды по простым акциям | Kazakhstan Today". www.kt.kz (in Russian). Archived from the original on 2020-10-24. Retrieved 2020-10-21.
  7. ^ "Назначен новый председатель правления АО "ForteBank"". informburo.kz. 2018-02-09. Archived from the original on 2020-10-26. Retrieved 2020-10-21.
  8. ^ "ForteBank планирует выпустить облигации на 220 млрд тенге". Курсив - деловые новости Казахстана (in Russian). Archived from the original on 2020-10-24. Retrieved 2020-10-21.
  9. ^ 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.
  10. ^ "ForteBank совместно с Азиатским Банком Развития направит 31 миллиард тенге на развитие предпринимательства". Курсив - деловые новости Казахстана (in Russian). Archived from the original on 2020-10-23. Retrieved 2020-10-21.
  11. ^ tengrinews.kz (2020-05-26). ""Привет! Удобно говорить?" В Казахстане появилась новая мобильная связь ForteMobile". Главные новости Казахстана - Tengrinews.kz (in Russian). Archived from the original on 2020-10-26. Retrieved 2020-10-21.
  12. ^ "ForteBank представил новый сервис по обмену валюты ForteForex". www.nur.kz (in Russian). 2020-05-29. Archived from the original on 2020-10-22. Retrieved 2020-10-21.
  13. ^ "ForteBank продает 100% акций Банка Kassa Nova". kapital.kz (in Russian). 8 April 2020. Archived from the original on 2020-10-23. Retrieved 2020-10-21.
  14. ^ "Агентство S&P вернуло "стабильный" прогноз по рейтингу ForteBank". informburo.kz (in Russian). 2023-03-09. Retrieved 2024-02-12.
  15. ^ "Fitch повысило кредитный рейтинг ForteBank до BB". www.forbes.kz. 2023-09-04. Retrieved 2024-02-12.
  16. ^ "ForteBank присоединился к программе торгового финансирования KazakhExport". Деловой портал Капитал.кз (in Russian). 2023-11-09. Retrieved 2024-02-12.
  17. ^ "Агентство Moody's изменило прогноз по рейтингу ForteBank на "позитивный"". informburo.kz (in Russian). 2023-11-02. Retrieved 2024-02-12.
  18. ^ "Mastercard и ForteBank запустили новый сервис для быстрых международных переводов". www.forbes.kz. 2023-11-01. Retrieved 2024-02-12.
  19. ^ "Университет Нархоз и ForteBank запустили программу Executive MBA". www.forbes.kz. 2023-12-19. Retrieved 2024-02-12.
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