Forte Bank, owned by businessman Bulat Utemuratov, is recapitalizing its subsidiary Home Credit Bank. Specifically, the subsidiary will place 1,300 common shares for nearly 10 billion tenge. This was reported by Qazaqyia.kz citing Kursiv Media.
The placement price per security is set at 7.69 million tenge. Based on the announced volume of 1,300 securities, the total amount of financing attracted into the bank's capital will be nearly 10 billion tenge.
The shares will be sold through the preemptive right of the majority shareholder at the set price.
Financier Arman Batayev believes that from the perspective of liquidity and accumulated profit, the bank does not look like an organization that needs money.
According to the National Bank data as of May 1, 2026, Forte's assets amount to 4.97 trillion tenge, liabilities to 4.15 trillion tenge, and equity to 825 billion tenge. The bank earned 6.3 billion tenge in April and 39 billion tenge since the beginning of the year. Home Credit's assets are 1.35 trillion tenge, liabilities 1.1 trillion tenge, and equity 246.1 billion tenge. The bank posted a net profit of 1.6 billion tenge in April, with accumulated profit since the beginning of the year reaching 10.3 billion tenge.
Earlier, the bank reduced yields on a number of deposits and deposit certificates.
Forte previously reported that on May 12, 2026, the Board of Directors decided to place 4,168,359,147 common shares. The decision was made to further develop the business, expand its operations, and strengthen the capital base.
At the end of 2025, ForteBank fully acquired 100% of the shares of Kazakhstan's Home Credit Bank from European shareholders for 273 billion tenge.