Kazakhstan Greenlights Fortebank's Participation In Home Credit Bank
The decision was made following a review of the submitted documents and an assessment of compliance with Kazakhstan's regulatory requirements.
Earlier, ForteBank and the shareholders of Home Credit Bank reached an agreement on the sale of 100 percent of the bank's shares. The regulator's approval brings the transaction closer to completion.
Home Credit Bank is one of the largest retail banks in Kazakhstan, with a focus on consumer lending and digital services. ForteBank, one of the country's leading universal banks, has been expanding its retail segment in recent years.
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