Tsesnabank, Kazakhstan’s 3rd largest bank, was established in 1992.
The Bank’s core business lines are corporate, SME and retail banking.
Headquartered in Astana, Kazakhstan’s rapidly-developing capital, the Bank’s branch network consists of 22 full-service branches and 146 outlets throughout Kazakhstan.
Tsesnabank is rated ‘B+’ by S&P and ‘B’ by Fitch.
During the 2008 crisis, Tsesnabank paid down its large wholesale foreign borrowings in full (including a Eurobond repaid in February 2010).
Tsesnabank has a long-standing record for global recognition. Tsesnabank won the 2015 award for Best Bank in Kazakhstan for outstanding financial performance from bne IntelliNews. Tsesnabank was recognized by Euromoney as Best Bank in Kazakhstan in both 2013 and 2014. In 2013, it was named Bank of the Year in Kazakhstan by The Banker, and won the 'Investment Angel' World Investment Award in the category 'Most Dynamically Developing Kazakhstan and Foreign Banks' from the World Organization of Creditors. For excellence in banking, Tsesnabank was recognized in the 2011 World Finance 100, becoming the first CIS bank to be included in this global list compiled by World Finance, a UK-based magazine. On the back of this success, Tsesnabank was then recognised at the World Finance awards as the Best Commercial Bank in Kazakhstan 2012. Euromoney named Tsesnabank as one of the ‘Best Managed Banks in Central & Eastern Europe and Central Asia 2007’. Tsesnabank has also received plaudits from the European Bank for Reconstruction and Development for its high-quality loan portfolio.