JSC “Nurbank”

Republic of Kazakhstan, A15E2D3, Almaty, Abaya Ave., 10B
Tel. +7 (727) 250-00-00
Fax.+7 (727) 250-67-03

The international rating agency Standard & Poor's affirmed the long-term and short-term credit ratings of JSC Nurbank at B-/B

13 August

The confirmation of ratings stem from the bank’s plans to obtain external support, which will strengthen the Bank’s competitive position and open up prospects for the development of new business areas, and will improve the quality of the portfolio.

"Compared to the early 2018, our loan portfolio grew by 6%, which indicates a systematic and stable development, approximately at the same level as the country’s GDP growth rates. We intentionally decided to take a conservative course and clear the portfolio from bad loans, and focus on the transformation of our loan portfolio rather than on growth. Besides, good reserves allow us to easily and quickly cover our liabilities, taking into account the amount of the bank’s equity capital of 67.5 billion tenge, and the portfolio of highly liquid instruments, the average daily amount of which is about 25 bln."- said Eldar Sarsenov, Chairman of the Board of JSC Nurbank.

Press Service of JSC Nurbank 2 599 710 (ext.) 5465