ForteBank Secures $300 Million Syndicated Loan to Finance Real Sector Projects

ForteBank JSC completed the raising of a new $300 million two-year syndicated loan, marking a significant achievement in international funding for the Kazakhstani bank. Compared to its previous similar transaction, the bank not only doubled the volume of financing raised but also extended the loan term, demonstrating growing confidence from international investors in its credit quality. Major international financial institutions, including Abu Dhabi Commercial Bank, acted as arrangers and bookrunners for the deal. The proceeds are planned to be directed toward supporting projects in Kazakhstan's real economy. For ForteBank shareholders (traded on KASE under the ticker ASBN), this is positive news, showcasing the bank's ability to grow international funding in a challenging global environment.