ForteBank Joint Stock Stock

ForteBank Joint Stock Company provides various products and services in the financial/banking area.

The company’s primary business is related to commercial banking activities, issue of loans and guarantees, accepting deposits, exchanging foreign currencies, dealing with securities, and transferring cash payments, as well as providing other banking services.

The company provides trust services to individuals, trusts, retirement benefit plans and other institutions, whereby it holds and manages assets or invests funds received in various financial instruments at the instructions of the customer. The company also provides custody services to its customers.

Segments

The company operates through six segments: Corporate Business (CB), Small and Medium Businesses (SMB), Retail Banking (RB), Heritage, Investing Activities, and Other.

CB

This segment includes issuance of loans, attracting deposits, settlement and cash services, transactions on guarantees and other transactions with corporate clients (large entities and individual entrepreneurs).

SMB

This segment includes issuance of loans, attracting deposits, settlement and cash services, transactions on guarantees and other transactions with SMB clients (legal entities and individual entrepreneurs.

RB

This segment includes issuance of loans, attracting deposits, settlement and cash services, exchange transactions, and other transactions with retail clients (individuals).

Heritage

This segment works with loan portfolio of ‘old’ non-performing loans, the loan portfolio sold to collection companies.

Investing Activities

This segment is responsible for financing the company’s operations (repo operations, raising funds from banks and financial institutions, issuance of bonds, and subordinated debt), securities transactions, use of derivative financial instruments and foreign currency transactions.

Other

This segment includes other transactions with debtors/creditors, fixed assets, amounts on transit accounts and other transactions that are not related to segments/business lines (CB, SMB, RB, Heritage, and Investing Activities).

Loans

As of December 31, 2016, the company’s loans included individually significant corporate loans, such as loans to large entities; and individually insignificant corporate loans and loans to individuals, such as corporate loans, mortgage loans, consumer loans, car loans, credit cards, and other loans secured by collateral.

Securities

As of December 31, 2016, the company’s securities included debt instruments, such as government bonds (treasury bills of the Ministry of Finance of the Republic of Kazakhstan); corporate bonds; and bonds of banks.

Deposits

As of December 31, 2016, the company’s deposits included current accounts and demand deposits (retail and corporate customers), time deposits (retail and corporate customers), and guarantee deposits (retail and corporate customers).

Regulation

The company’s activities are regulated by the National Bank of the Republic of Kazakhstan. The company is a member of the Kazakhstan Deposit Insurance Fund.

History

The company was founded in 1993 under the laws of the Republic of Kazakhstan. It was formerly known as Alliance Bank JSC and changed its name to ForteBank Joint Stock Company in 2015.