The confirmation of the ratings is due to the bank's plans to receive external support, which will strengthen the Bank's competitive position and open up prospects for developing new business areas, allowing for the improvement of the portfolio's quality.
"Compared to the beginning of 2018, our loan portfolio has grown by 6%, indicating a steady and stable development, approximately at the same level as the GDP growth rate of the country. We deliberately decided to pursue a conservative policy, clearing the portfolio of bad loans, and focused not on growth, but on transforming our loan portfolio. Meanwhile, a high margin of safety allows us to easily and promptly cover our obligations, taking into account the bank's own capital, amounting to 67.5 billion tenge, and a portfolio of highly liquid instruments, with an average daily size of about 25 billion tenge," noted Eldar Sarsenov, Chairman of the Management Board of JSC "Nurbank".
Press service of JSC "Nurbank" 2 599 710 (ext) 5465