ForteBank Business Strategy and Model

ForteBank's business strategy is centered around offering a range of financial services to its customers. The bank provides a variety of products and services, including loans, credit cards, and deposit accounts.

ForteBank's business model is designed to be customer-centric, with a focus on providing personalized financial solutions. The bank aims to build long-term relationships with its customers by offering a wide range of financial products and services.

ForteBank's strategy is also focused on digital transformation, with a goal of becoming a fully digital bank in the near future. This will enable the bank to provide its customers with a seamless and convenient banking experience.

ForteBank's business model is built around its core values of innovation, customer satisfaction, and financial inclusion.

ForteBank offers a range of deposit accounts, including a Basic Savings Account with no minimum balance requirement and a Premium Savings Account that earns higher interest rates.

The bank's deposit accounts are FDIC-insured, ensuring that deposits up to $250,000 are protected in case of bank failure.

ForteBank's online banking platform allows customers to manage their accounts, pay bills, and transfer funds 24/7.

No fees are charged for online banking services, making it a convenient and cost-effective way to manage your finances.

ForteBank's mobile banking app is available for download on both iOS and Android devices, allowing customers to access their accounts on-the-go.

ForteBank offers a range of loan options, including personal loans and lines of credit, with competitive interest rates and flexible repayment terms.

The bank's loan application process is streamlined and can be completed online or in-person at a branch location.

ForteBank is governed by a board of directors that oversees the bank's operations. The current board consists of five members.

The board is led by Talgat Kuanyshov, who serves as the chairman of the board. He is supported by four deputies, each with specific responsibilities.

The deputies include Gauchar Bisembiyeva, who is the first deputy chairman, and Aiydyn Auezkanov, Rauhan Irmakov, and Amirkhan Chikanayev, who all serve as deputies.

The Board of Directors is responsible for overseeing the overall strategy and direction of ForteBank.

Talgat Zhumanovich Kuanyshev serves as the Chairman of the Board, a position he has held since April 2024. He is 52 years old.

The Board of Directors consists of several members, each with their own role and responsibilities. Anuar Utemuratov and Yerlan Tulegenovich Tuyakbayev are two of the Directors/Board Members, having joined the Board in 2014 and 2024, respectively.

Here is a breakdown of the Board of Directors composition:

Marlen Orazbekovich Mirzabekov is also a Chairman of the Board, having held the position since June 2019. He is 54 years old.

ForteBank operates as a universal bank, serving all segments of the market, from retail to corporate and microbusiness.

Their business model is divided into distinct brands, each catering to a specific type of customer.

ForteBank is the primary brand, offering a range of services to individual customers, including debit and credit cards, loans, and deposits.

ForteBusiness is the brand for corporate clients, providing them with corporate cards, accounts, loans, and deposits.

ForteMarket is a marketplace where Kazakhstani stores can sell their products.

ForteMobile is a mobile service launched in partnership with Beeline Kazakhstan.

ForteForex is a platform for trading currencies.

ForteBank's business model encompasses these various brands, allowing them to offer a comprehensive range of services to their customers.

JSC "ForteBank" has a strong presence in the financial market, with its traders holding various access statuses and statuses in the register.

The bank's authorized capital is 332,815 million KZT, as of January 1, 2025, which is consistent with the authorized capital as of October 1, 2024.

JSC "ForteBank" has a diverse team of traders, including Shynybayev Askar Muzaparovich, Kalen Adilet Dayrbekuly, Aidarkhanova Nurgul Assanovna, Atarbayev Anuar Muratkhanovich, Yarkayeva Elmira Anuarovna, and others. Each trader has their own unique ID, such as ALB000TT04 and ALB000TT08.

The bank's financial performance is impressive, with a net income of 159,998 million KZT as of January 1, 2025, and a return on equity (ROE) of 28.49% during the same period.

Here are the bank's key financial indicators as of January 1, 2025:

ForteBank has received numerous awards and recognition for its outstanding performance and services. They were named "Bank of the Year in Kazakhstan" by The Banker in November 2018.

Their innovative approach to retail banking earned them the title of "Most Innovative Bank in Retail Business in Kazakhstan" by The International Banker in December 2018. They have consistently been recognized as one of the top banks in Kazakhstan.

Some of the notable awards they have received include:

Their commitment to excellence has earned them numerous awards and recognition from reputable institutions. ForteBank's dedication to providing top-notch services has made them a leader in the banking industry.