The international rating agency S&P Global has upgraded the long-term credit rating of Nurbank JSC from 'B-' to 'B' with a stable outlook. The national scale rating has been raised from 'kzBB' to 'kzBB+'.

The reputable international agency has revised Nurbank's standalone credit profile (SACP) from 'b-' to 'b'. S&P Global Ratings experts expect that the bank's capital adequacy will be supported by a decrease in provisioning needs and an increase in profit. They also predict 'moderate growth rates of the loan portfolio and a RAC ratio consistently above 10.0% in 2024–2026'. In this regard, Nurbank's assessment of capitalization and profitability has been revised from 'adequate' to 'strong'.

'The upgrade of Nurbank's rating to 'B' by the influential international agency S&P Global Ratings amid instability and high volatility is a vivid confirmation of the financial institution's resilience. The ratings reflect a sufficient level of capitalization and liquidity, improvement in asset quality, and good profitability. In 11 months of the current year, Nurbank's net profit amounted to 12.9 billion tenge, more than twice the figure for the same period last year. The results obtained prove the effectiveness of our business model and inspire confidence that the upcoming 2025 will also be successful for our bank. Going forward, we plan to develop the transactional business, improve asset quality, and enhance our range of banking products to meet the needs of the Kazakhstani market and current business processes," commented Guldaria Musataeva, Chairperson of the Management Board of Nurbank JSC.