Table of Contents
Introduction
Kazakhstan, the world’s biggest land-locked nation, has a strong and developing economy with a well-established banking system. Due to the existence of a stable financial system and favorable business environment the country has become attractive for many international banks. The aim of this article is to present the main 10 banks of Kazakhstan and to give a brief description of each bank and its role in the economy.
1. Kazkommertsbank
Kazkommertsbank, also referred to as KKB, is the biggest bank in Kazakhstan in terms of assets. This bank provides a number of banking services, which include retail, corporate, investment banking and asset management. It has a good branch and ATM network throughout the major towns and has the mandate of providing finance for strategic projects that sustain the economic development of the country.
2. Halyk Bank
Halyk Bank is one of the biggest and most reputable banks of Kazakhstan. It provides all sort of banking and financial services to individuals, small business, and large corporate clients. Halyk Bank is known for its customer relations and also promotes social responsibility and financial literacy within the society.
3. Kaspi Bank
Kaspi Bank is one of the biggest retail banks in Kazakhstan and is famous for its digital banking products. The bank provides a number of services, from internet and mobile banking to contactless cards. This has not only improved the convenience of the customers but has also led to the bank’s rapid expansion in the banking sector.
4. Bank CenterCredit
This bank is a universal one that offers all sorts of banking and financial services to persons and companies. Major on corporate banking, the bank has financed many large projects across the energy, infrastructure and manufacturing sectors and has been recognized for its sound risk management and financial soundness.
5. Eurasian Bank
Eurasian Bank is a new generation bank that is quite popular in Kazakhstan and is known for being client centered. The bank offers a number of products and services, including retail and corporate banking, wealth management. Eurasian Bank is known for its solid risk management, and it encourages entrepreneurship and the development of small enterprises in the region.
6. ForteBank
ForteBank is a growing bank that aims to meet the needs of the customer and to introduce new solutions. It provides all sorts of banking services, from retail, corporate and investment banking. The bank is involved in the promotion of SMEs and provides them with the necessary capital and advisory services to sustain their growth.
7. Bank RBK
Bank RBK is one of the biggest banks in Kazakhstan and is focused on corporate and investment banking. The bank offers a full range of banking and financial services, which include trade and project finance, as well as capital market services. Its active participation in the financing of large infrastructure projects is evidence of its importance in the economic development of the country.
8. Bank Astana Finance
Majoring in retail banking, Bank Astana Finance offers a wide range of products and services, including personal loans, credit cards and home mortgages. The bank has been successful in extending its reach to the unserved market and has established itself as a major player in the banking sector through its focus on financial inclusion.
9. Bank Kassa Nova
Bank Kassa Nova is a microfinance institution that specializes in providing loans to small businesses. It provides product offerings that are tailored to meet the needs of the micro and small enterprises and is involved in the support of business and creation of jobs. Through its microfinance activities the bank has made a significant social performance in Kazakhstan.
10. BankPozitiv Kazakhstan
BankPozitiv Kazakhstan is the branch of the big Russian bank BankPozitiv that provides all the functions of a retail and corporate bank as well as an investment bank. The bank is especially concerned with the development of SMEs by providing them with the necessary funds and consultancy to support their growth and has thus become a major partner in Kazakhstan’s business environment.
