Famous banking companies in Kazakhstan

Kazakhstan is home to a well-developed banking sector with both local and international banks operating in the country. These banks provide a wide range of financial services, including retail banking, corporate banking, investment services, and foreign exchange. Here are some of the most famous banking companies in Kazakhstan:

1. Halyk Bank (People’s Bank of Kazakhstan)

Halyk Bank is the largest and most prominent bank in Kazakhstan, offering a broad range of financial products and services, including personal banking, loans, and investment products. Established in 1923, it has a dominant market share and a strong network of branches across the country. The bank is also actively involved in international banking, with subsidiaries in Kyrgyzstan, Uzbekistan, Georgia, and Russia.

2. Kaspi Bank

Kaspi Bank is one of the most innovative and fastest-growing banks in Kazakhstan. It is particularly popular for its digital banking services and mobile app, which combines banking, payments, and e-commerce solutions. Kaspi.kz, its digital platform, has revolutionized how Kazakhstani consumers interact with financial institutions. The bank’s focus on technology has made it a favorite among younger customers.

3. ForteBank

ForteBank is a major player in Kazakhstan’s banking industry, recognized for its modern approach to banking and high-quality services. It offers a range of services for both retail and corporate clients, including deposits, loans, and cash management. The bank has also invested significantly in digital transformation to meet customer demands for convenient online services.

4. Bank CenterCredit

Bank CenterCredit, established in 1988, is one of the oldest banks in Kazakhstan. It serves individuals, small and medium-sized businesses, and large corporations. Known for its reliable customer service and diverse product portfolio, the bank has maintained a steady presence in the financial sector. Its focus on lending and corporate finance has made it a trusted name among businesses.

5. ATF Bank (Subsidiary of Jusan Bank)

ATF Bank, now part of Jusan Bank, is well-known for its focus on customer satisfaction and innovative solutions. Jusan Bank acquired ATF Bank to expand its footprint and services. The combined entity offers a wide range of retail and corporate banking services. Jusan Bank itself is gaining recognition for its digital innovations and customer-centric approach.

6. Eurasian Bank

Eurasian Bank is a private bank offering a comprehensive range of financial services. It has a significant focus on retail banking and personal loans, especially for car financing. The bank is also involved in SME lending and corporate banking, contributing to the economic development of Kazakhstan. Its regional reach and customer-friendly approach have solidified its position in the market.

7. Sberbank Kazakhstan (Subsidiary of Freedom Bank)

Originally a subsidiary of Russia’s Sberbank, Sberbank Kazakhstan was acquired by Freedom Holding Corporation in 2022. Now operating as Freedom Bank, it continues to serve a wide client base with a focus on retail banking, mortgages, and digital banking services.

8. Tengri Bank

Although relatively smaller, Tengri Bank has built a reputation for catering to specific customer needs. It offers services like personal banking, corporate accounts, and trade financing. The bank has carved out a niche for itself despite facing challenges in a competitive market.

Conclusion

Kazakhstan’s banking sector is characterized by a mix of traditional institutions and modern, tech-driven banks. With strong competition and a focus on innovation, these banks are crucial in supporting the country’s economy and providing customers with diverse financial solutions. Whether through large networks like Halyk Bank or digital-first approaches like Kaspi Bank, the sector continues to evolve to meet the needs of a dynamic market.