On September 21, 2017, Fitch Ratings affirmed Tsesnabank's long-term credit rating at ‘B’ with Stable Outlook and withdrew the ratings.
Currently, Tsesnabank is not required to maintain two international credit ratings for its investors and creditors. The ratings were withdrawn on Tsesnabank’s initiative.
Tsesnabank has a long-term credit rating of ‘B+’ from S&P Global Ratings affirmed in May 2017.
Tsesnabank was established in 1992 with head office in Astana, Republic of Kazakhstan. Tsesnabank is the 3rd largest bank in the country in terms of assets, loans and deposits. The Bank provides a wide range of services to corporate, SME and retail businesses. Currently, Tsesnabank’s regional network includes 21 branches and 144 customer service outlets throughout Kazakhstan. Tsesnabank’s loan portfolio quality is the best one among the top 10 Kazakh banks. The Bank’s NPL level is less than 5%.
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