Moody's rating agency has improved its outlook on deposit and credit ratings of Kazakhstan's Kazkommertsbank, the largest private bank in the country, from "negative" to "stable."
The agency said the upgrade reflects the gradual stabilization of profitability, a significant increase in liquidity and capital adequacy ratios well above the minimum requirements.
Kazkommertsbank, with a 24 percent market share, provides banking services and other financial products to retail customers and large and medium-sized corporations in all sectors of the Kazakh economy.
Headquartered in Almaty, the bank serves retail clients through a network of branches in 45 cities throughout Kazakhstan under the KAZKOM logo.
In addition, Kazkommertsbank has international banking subsidiaries in Kyrgyzstan, Tajikistan and the Russian Federation.
- Baltic International Bank launches investment packages
- Bank St. Petersburg hosts event for 10-year anniversary of its IPO
- European Investment Bank, ABN Amro sign agreement to support green shipping options
- AccessBank names new chairman of management board
- European Union environmental leaders aim to cut food waste in half by 2030
- ARMBUSINESSBANK hosts high-school students for lessons about banking
- Decreased inflation will lead to economic recovery, EDB report says
- Rosbank named global outperformer, market outperformer in finance magazine
- National Bank of Ukraine cuts key policy rate in effort to boost the economy
- Photo exhibition of flowers on display at UKRSIBBANK BNP bank