According to Deputy General Director of KzRating Denis Rybalkin, the rating is due to developed market positions, professional management, established international connections and high level of support from the shareholders and the state.
Constraining factors include high dependence on foreign funds, lack of growth opportunities, asset risk concentration in real estate and susceptibility to credit risk in the medium term.

 

Kazkommertsbank is a one of the largest private universal banks by total assets, focused on corporate services. The Bank has recently become active in retail banking and has an extensive network of regional branches in Kazakhstan. The Bank is the main asset of the group, owned by Mr. Subkhanberdin, which includes insurance, pension, asset management companies and subsidiaries in Kyrgyzstan, Tadzhikistan and Russia. It has an effective corporate governance system and highly skilled management.

KzRating – is an independent rating agency, part of the rating group Global Rating, which also includes RusRating (Russia), AmRating (Armenia) and AzeriRating (Azerbaijan). The agency focuses on rating banks, leasing companies and providing research of the banking sector.
www.KzRating.kz