Kazakhstan's ForteBank buys Home Credit Bank from Czech group PPF
ReutersJun 27, 2025 8:49 AM
ALMATY/PRAGUE, June 27 (Reuters) - Kazakhstan's ForteBank, the fifth-largest lender by assets in the Central Asian country, has bought 100% of Home Credit Bank, part of Czech investment group PPF, the two banks said on Friday, without specifying the value of the transaction.
The deal is expected to close after receiving approval from Kazakhstan's regulators.
In January, ForteBank placed a $400 million five-year debut Eurobond, saying it would use the funds raised to support strategic initiatives and lending.
Home Credit Bank is the only bank from an EU country that operates in Kazakhstan. It ranks twelfth in the country with assets worth 1.099 billion tenge ($2.11 million).
($1 = 520.5000 tenge)
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