Press Releases of JSC 'Nurbank': Current Information and Official Statements

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

As of November 13, 2024, by the decision of the Board of Directors, Eldar Rashitovich Sarsenov has been appointed as the Chairman of the Board of Directors of JSC «Nurbank».

According to management reports as of September 1, 2024, Nurbank's assets reached 497.4 billion tenge, up 6.8% from the start of the year. The net income for eight months amounted to 9 billion tenge, almost doubling the same period last year.

Nurbank has joined the UN Global Compact, which includes over 24,000 companies and organizations from 167 countries.

S&P Global Ratings affirmed NurBank's long-term and short-term credit ratings at 'B-/B' and upgraded the national scale rating from 'kzBB-' to 'kzBB'.

Nurbank has joined the Instant Payment System (IPS). IPS allows for transfers in tenge between clients of participating Kazakhstani banks 24/7. Transfers are carried out using a mobile phone number. Card numbers and other details are not required.

Joint Stock Company "Development Bank of Kazakhstan" (hereinafter - DBK) together with JSC "Nurbank" and JSC "Bank CenterCredit" signed a tripartite letter of intent to provide financing within a syndicated loan for LLP "RG Brands Kazakhstan". The financing will be directed towards expanding capacities to increase new production lines and export products to the Republic of Uzbekistan.

The international rating agency S&P Global Ratings has affirmed JSC Nurbank's credit ratings at 'B/B' with a stable outlook.

Dear clients, recently a new type of financial fraud has emerged. We urge you to be cautious to prevent potential financial losses.

JSC Nurbank announces the results of voting at the Bank's Annual General Meeting of Shareholders (hereinafter referred to as the Meeting), which was held on May 26, 2022.

JSC 'Nurbank' and De Montfort University Kazakhstan (DMU Kazakhstan) have signed a Memorandum of Mutual Cooperation. The joint activities of the parties will focus on establishing partnership relations, developing long-term and mutually beneficial cooperation in the framework of joint scientific and financial projects, as well as initiatives for the training of highly qualified personnel in the financial and banking sector.

Due to changes in the institutional structure of the Republic of Kazakhstan and the revision of the S&P Global Ratings' assessment of development trends and sector risks of the banking sector, the agency has confirmed the ratings of 8 Kazakh banks.