Ratings

The international rating agency S&P Global Ratings has upgraded its outlook on JSC Nurbank's ratings from «Stable» to «Positive»

The agency’s analysts anticipate that the Capital Adequacy Ratio (CAR) will consistently exceed 7.0% in 2024-2025 compared to previous forecasts at the level of 6.5-6.8%. The «Positive» rating outlook also reflects S&P analysts’ expectations of a possible rating upgrade for the financial institution within the next 12-18 months.

«The revision of the reliability rating outlook of JSC Nurbank from «Stable» to «Positive» by the influential international rating agency S&P Global Ratings confirms that the bank has sufficient capital and liquidity reserves.

The overall positive expectations of the agency’s analysts speak to the bank’s stability and the effectiveness of the chosen course, as well as the accuracy of the strategic decisions made by the bank’s management in the current market conditions,» commented Gulnara Musatayeva, Chairman of the Management Board of Nurbank JSC.

Standard and Poor’s

B-	Long-term rating of the counterparty
B	Short-term rating of the counterparty
Positive	Rating outlook
kzBB	Kazakhstan national rating scale

Ratings Nurbank S&P (.pdf)