ForteBank acquires 100% of the shares of Home Credit Bank

AO ForteBank announces that it has reached a fundamental agreement with the shareholders of AO Home Credit Bank to acquire 100% of the shares of AO Home Credit Bank.

The completion of the transaction is expected after receiving approvals from regulatory authorities, including approvals from the Agency for Protection and Development of Competition and the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market.

Clients of AO ForteBank and AO Home Credit Bank will continue to be served under the same terms — all existing contracts remain in force, and the banks' obligations will be fulfilled in full.