The Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market has reissued the license of Home Credit Bank JSC for banking and other operations in connection with a change in the bank’s legal status. The order of the Deputy Chair of the Agency dated December 30, 2025, No. B-345, formally confirmed the updated powers of the financial institution within the framework of the current legislation of the Republic of Kazakhstan, DKNews.kz reports.
However, behind this seemingly formal decision lies a major strategic shift: Home Credit Bank has completed full integration into the ForteBank banking group, becoming its subsidiary after the purchase of 100% of its shares.
Why the license renewal is more than bureaucracy
Renewing the license is not just an administrative procedure. It is a legal confirmation of the bank’s status within its new corporate structure — and it carries three key implications.
- Uninterrupted banking operations. The bank continues to provide a full range of services, including deposits, lending, cash and settlement services, and digital solutions. For clients, this means stability and continuity — the essential foundations of trust.
- Guarantee of legal continuity of obligations. All existing contracts with clients, partners, and counterparties remain valid; the bank retains its rights under previously issued loans and attracted deposits.
- Formal recognition of the new legal status. The bank’s official name now clarifies that it is a subsidiary of ForteBank JSC — part of a broader strategy to strengthen the brand and create operational unity within the financial group.
The ForteBank deal: strategic context
In 2025, ForteBank — one of Kazakhstan’s largest privately owned banks — completed the acquisition of 100% of Home Credit Bank’s shares. As a result, its stake increased from 75% to full control, making ForteBank the sole shareholder.
This is not just a corporate rebranding exercise. It is part of a broader strategy to consolidate Kazakhstan’s banking sector, aimed at:
- strengthening positions in the retail market,
- expanding the product portfolio,
- creating synergy across digital services and technology platforms.
ForteBank is among the country’s largest financial institutions, with an extensive branch network and solid financial indicators. Integrating Home Credit Bank strengthens the group’s position in consumer lending and reinforces its competitiveness in retail banking.
What this means for clients
For individuals and businesses, the impact is minimal — and this is exactly what the bank emphasizes:
- services continue as usual,
- all products and agreements remain in place,
- service conditions in branches and digital channels remain unchanged.
In other words, customers have no reason to worry about disruptions, changes to contracts, or instability in day-to-day banking services.
Looking ahead
Industry experts note that mergers and integrations are becoming a clear trend not only in Kazakhstan, but across Central Asia. They enhance the resilience of the financial system and accelerate the adoption of modern digital products.
In a highly competitive environment — payments, lending, and e-commerce — banks are expected not only to grow in scale but also to innovate.
For Home Credit Bank and ForteBank, this may lead to:
- accelerated digital transformation,
- new offers in retail lending and deposits,
- unique partnership programs built on a unified customer base.
The reissued license marks the final legal step in the integration of Home Credit Bank into the ForteBank financial ecosystem. For clients, it is a signal of stability and uninterrupted service. For the market, it is further evidence that structural changes within Kazakhstan’s banking competition are continuing.
