ForteBank Honored as the Top Retail Bank of the Year in Kazakhstan
In a significant recognition of its achievements, ForteBank has been honoured with the "Retail Bank of the Year - Kazakhstan" award at the Asian Banking & Finance Retail Banking Awards 2025. The prestigious accolade underscores ForteBank's strategic excellence and financial growth in the retail banking sector.
The bank's robust financial performance played a crucial role in securing this award. In 2024, ForteBank demonstrated a remarkable 37.7% increase in net profit year-on-year, and a 32.1% growth in its total retail loan portfolio. These impressive figures highlight the bank's financial stability and its ability to generate substantial profits.
ForteBank also focused on diversifying its retail lending, particularly in mortgage and auto loans. This strategic move strengthened the bank's position in these sectors, providing more opportunities for its clients.
In addition, the bank made significant investments in key economic sectors such as transport, construction, and agriculture. These investments not only contributed to a broader economic impact but also helped ForteBank's total assets surpass 4 trillion tenge and client funds reach 2.87 trillion tenge in 2024.
The Asian Banking & Finance award annually recognises leading banks in the Asia-Pacific region for achievements in innovation, sustainable development, and significant contribution to the economy. This award affirms ForteBank's strong position in Kazakhstan's retail banking sector, reflecting its commitment to driving economic growth and promoting sustainable development.
It is worth noting that ForteBank has consistently been recognised by top international financial publications, reinforcing its reputation in the marketplace. However, while the bank's mobile app offers convenience, it appears that the award was more based on ForteBank's financial and strategic performance rather than digital app ratings.
In summary, ForteBank's financial growth, diversified retail credit portfolio, strategic sector investments, and overall asset expansion in 2024 were central to winning the prestigious "Retail Bank of the Year - Kazakhstan" award in 2025. The bank continues to make strides in the retail banking sector, positioning itself as a leader in Kazakhstan's financial industry.
[1] Source: ForteBank's official press release, 2025. [2] License No. 1.2.29/197/36 dated 03.03.2020 was issued by AMRF R of AО ForteBank. [3] No information about any changes in leadership, partnerships, or acquisitions was provided in this paragraph. [4] The Asian Banking & Finance award annually recognises leading banks in the Asia-Pacific region for achievements in innovation, sustainable development, and significant contribution to the economy. [5] Source: Independent market research, 2025.
The bank's remarkable financial growth, as shown by a 37.7% increase in net profit year-on-year and a 32.1% growth in its total retail loan portfolio, significantly contributed to ForteBank winning the "Retail Bank of the Year - Kazakhstan" award in 2025. ForteBank's strategic diversification of its retail lending in mortgages and auto loans also strengthened its position in those sectors and provided more opportunities for its clients.
