Kazakhstan
LATEST ARTICLES
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Citi is Kazakhstan’s best bank for corporate social responsibility after running initiatives to support the local community and to promote sustainability.
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Halyk Finance wins best investment bank in Kazakhstan. Rated BB+ by Fitch, it has the highest credit rating among domestic banks with no foreign participation.
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International sanctions against Russia and a slowdown in China’s economy have presented difficult challenges for Kazakhstan’s banking industry this year. Nevertheless, the country’s best domestic bank, Forte Bank, put in a good performance.
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Citi is the best international bank in Kazakhstan, with a 25% market share of processed payments through correspondent accounts. It provides Kazakh clients with a variety of cross-border products, such as debt capital markets and services to those considering international expansion.
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The Kazakhstan central bank’s reliance on an oversimplified toolbox to combat rising inflation could threaten its economy in the longer run. Seeking out alternatives and reassessing monetary policy is now more urgent than ever.
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There are few Asiamoney awards categories for Kazakhstan that Halyk Bank doesn’t have a reasonable claim to this year. Its investment and corporate banking franchises are hard to beat, while its role in supporting small and medium-sized enterprises and its prowess in disrupting its own business model deserve a shoutout.
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Citi has operated in Kazakhstan for more than 25 years; even so, the challenges posed by the pandemic, geopolitical events and the most aggressive US Federal Reserve tightening cycle in decades still came as quite a shock.
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Bank CenterCredit, one of Kazakhstan’s oldest commercial banks, has evolved to form the backbone of the corporate system that stabilizes the economy. Its extensive branch network and its universe of correspondent relationships with more than 40 foreign banks have proved indispensable in these last few years.
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Home Credit Bank Kazakhstan has made tech disruption its brand over the years.
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ForteBank is doing more than its fair share of helping Kazakhstan to navigate a difficult global environment.
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ForteBank is doing more than its fair share of helping Kazakhstan to navigate a difficult global environment.
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ForteBank is doing more than its fair share of helping Kazakhstan to navigate a difficult global environment.
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There are few Asiamoney awards categories for Kazakhstan that Halyk Bank doesn’t have a reasonable claim to this year. Its investment and corporate banking franchises are hard to beat, while its role in supporting small and medium-sized enterprises and its prowess in disrupting its own business model deserve a shoutout.
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There are few Asiamoney awards categories for Kazakhstan that Halyk Bank doesn’t have a reasonable claim to this year. Its investment and corporate banking franchises are hard to beat, while its role in supporting small and medium-sized enterprises and its prowess in disrupting its own business model deserve a shoutout.
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Alfa Bank has married its SME focus and its digital ambitions to much success in Kazakhstan, but will its business model be enough to ward off the competition?
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Since Kazakhstan left the Soviet Union and embraced capitalism, its banks have been locked in a boom-bust cycle, but a banker who lamented the passing of Communism has emerged as the industry’s leader. Now Halyk Bank’s Umut Shayakhmetova faces what could be her biggest test yet.
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The Development Bank of Kazakhstan’s state ownership means it is leading the way in corporate social responsibility in the country, and helping the government to reach its goal of becoming carbon neutral by 2060.
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In many countries, the success of banks’ focus on small and medium-sized enterprises is increasingly tied to their digital offerings for this group of clients. Can the SMEs avail of mobile banking services? Can they do most of their banking business online, without going to a physical branch or needing human support? Can they do this safely, through an easy-to-navigate app or platform?
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In many countries, the success of banks’ focus on small and medium-sized enterprises is increasingly tied to their digital offerings for this group of clients. Can the SMEs avail of mobile banking services? Can they do most of their banking business online, without going to a physical branch or needing human support? Can they do this safely, through an easy-to-navigate app or platform?
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Citi’s commitment to Kazakhstan has not wavered in the 25-plus years that it has had a presence in the Central Asian country. It has only become stronger.
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Halyk Bank’s corporate and investment banking franchise is second to none in Kazakhstan, making it our choice for this award for the third year in a row.
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Given its quest to become a high-tech name, Kazakhstan’s fifth-largest bank by assets, deposits and loans has undergone a dramatic culture change in the past couple of years. ForteBank put in the effort and investment to improve its IT infrastructure and as a result, digital processes and initiatives have become a core part of its operations.
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Home Credit proved to be one of Kazakhstan’s savviest and most agile banks during the pandemic, thanks to the digital transformation that it embarked on less than three years ago. Rivals have some doubts – but the shift to digital appears to be paying off.
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The investment by Kazakhstan’s banks in their digital offerings had the first big test when Covid-19 struck; firms responded by rapidly rolling out online services to clients. Their transformation is remarkable, but it also raises an important question: where do they go from here?