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.
International credit rating agency S&P Global Ratings has affirmed the credit ratings of JSC Nurbank at 'B-/B', with a 'Stable' outlook.
Agency experts noted that their forecast does not imply the need for additional capital injections in 2022, an increase in the loan portfolio of approximately 5-7%, and expenses for creating additional provisions equivalent to 3% of the average loan portfolio over the next two years.
“In the current complex geopolitical and economic situation, it is extremely important to keep the situation under control and maintain the Bank's reliability and stability at the previous level.
The bank has a good liquidity cushion; we see growth in the deposit portfolio (up 15.3% in 2021), the share of the mass-market segment has increased - all this ensures Nurbank's reliability,” said Chairwoman of the Board of JSC Nurbank Gulnara Musatayeva.
This year, the bank plans to increase the loan portfolio by 9%, expand the client base in the deposit portfolio, thereby ensuring a 7% growth in the deposit portfolio, and increase commission income. The plans include consistently enhancing the bank's competitiveness, maintaining the most comfortable conditions for clients with an emphasis on developing the retail business as an integral attribute of a universal bank.
Press Service of JSC Nurbank
media@nurbank.kz