|
Nurbank Ratings Confirmed at 'B-/B' with Stable Outlook The international rating agency 'S&P Global Ratings' has confirmed the long-term and short-term credit ratings of JSC 'Nurbank' at 'B-/B', with a 'Stable' outlook, and the long-term national scale rating at 'kzBB-'. The agency notes that in 2022 the bank comfortably meets all regulatory requirements for capital adequacy, and its funding and liquidity indicators are in line with average indicators in the banking system and similar Kazakh financial institutions. The confirmation of JSC 'Nurbank's reliability rating at 'B-/B', with a 'Stable' outlook, is evidence of the effectiveness of Nurbank's business development strategy. Since the beginning of the year, Nurbank's SME loan portfolio has grown by 8.2%, the retail loan portfolio by 10%, and the corporate loan portfolio by 6.9%. In the future, we will strengthen the development of the retail direction, improve service quality, and enhance the bank's product line to meet the needs of the Kazakh market,” said Acting Chairman of the Management Board of JSC 'Nurbank' Alexey Mazhuga. Information: As of August 1, 2022, the bank's assets totaled 469.8 billion tenge, the deposit portfolio amounted to 344.4 billion tenge (up by 1.6%), the loan portfolio was 266.4 billion tenge, the standard portfolio increased by 16.2 billion tenge or 7.6% since the beginning of the year, and the problem portfolio decreased by 9.2 billion tenge or 19.5%. The bank's net profit amounted to 2.6 billion tenge. The capital adequacy level, being the main indicator of bank stability, exceeds the regulatory norm by 2 times. Press Service of JSC 'Nurbank' media@nurbank.kz |