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Twelve years have passed since the renaming of “Kaspiy Bank” to Kaspi Bank, but the “Kaspi Zhuma” promotion was canceled due to the pandemic. CEO Mikhail Lomtadze called the organization of mass events irresponsible. In the first nine months of 2020, Kaspi increased its net profit by 42.8% and successfully completed its IPO.
Twelve years have passed since the renaming of “Kaspiy Bank” to Kaspi Bank. However, customers will have to celebrate this milestone without “Kaspi Friday.”The annual shopping festival organized by the marketplace platform was canceled this time due to the coronavirus pandemic.“Unfortunately, we were unable to hold ‘Kaspi Friday’ this year. While the pandemic continues, it would be irresponsible for us to organize such a large event and put the health of our beloved customers at risk,” said CEO Mikhail Lomtadze.No matter how advanced the online experience may be, there is always a desire to physically inspect products. This poses a risk for everyone, not just for the elderly and young people.The bank itself marked the anniversary with numerous achievements. As reported by Reuters, Kaspi increased its net profit by 42.8% in the first nine months of 2020. Additionally, the banking innovator recently successfully completed its initial public offering (IPO).
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