Income Statement ForteBank

Stocks

ASBN

KZ000A0F4546

Banks

End-of-day quote Kazakhstan S.E. 11/09/2026			5-day change	1st Jan Change
11.23 ^KZT	-0.18%		-0.27%	-26.31%

08-14	ForteBank Joint Stock Company Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
06-18	ForteBank JSC Elects S. Levin as Member of Management Board	CI

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Published financial data: FORTEBANK

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (KZT)	2022 (KZT)	2023 (KZT)	2024 (KZT)	2025 (KZT)
Interest Income On Loans	192B	259B	371B	517B	672B
Interest Income On Investments	1.15B	1.96B	3.42B	6.08B	9.67B
Interest Income, Total	193B	261B	374B	524B	682B
Interest On Deposits	97.11B	132B	181B	260B	368B
Interest Expense, Total	97.11B	132B	181B	260B	368B
Net Interest Income	95.94B	129B	193B	263B	314B
Gain (Loss) on Sale of Loans	-	-	-4.79B	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	-
Gain (Loss) on Sale of Invest. & Securities - (Rev)	3.88B	-4.17B	-32M	14.87B	3.84B
Income (Loss) on Equity Invest. (Income Block)	-	-	-	-	2.55B
Total Other Non Interest Income	37.63B	77.57B	62.87B	39.85B	37.16B
Non Interest Income, Total	41.52B	73.41B	58.05B	54.72B	43.55B
Revenues Before Provison For Loan Losses	137B	202B	251B	318B	358B
Provision For Loan Losses	9.88B	37.65B	49.72B	41.81B	16.63B
Total Revenues	128B	164B	202B	276B	341B
Salaries And Other Employee Benefits	-	-	-	-	-
Occupancy Expense	-	-	-	-	-
Selling General & Admin Expenses, Total	48.51B	59.23B	75.93B	83.1B	92.56B
(Gain) Loss on Sale of Loans	-	-	-	1.69B	-
Total Other Non Interest Expense	11.89B	6.45B	9.29B	17.01B	18.85B
Non Interest Expense, Total	60.4B	65.68B	85.22B	102B	111B
EBT, Excl. Unusual Items	67.17B	98.71B	116B	174B	230B
Other Unusual Items	-64M	-	-	-	-
EBT, Incl. Unusual Items	67.1B	98.71B	116B	174B	230B
Income Tax Expense	3.04B	627M	24M	14B	38.81B
Earnings From Continuing Operations	64.06B	98.09B	116B	160B	191B
Net Income to Company	64.06B	98.09B	116B	160B	191B
Minority Interest	-	-	-	-	-607M
Net Income - (IS)	64.06B	98.09B	116B	160B	190B
Net Income to Common Incl Extra Items	64.06B	98.09B	116B	160B	190B
Net Income to Common Excl. Extra Items	64.06B	98.09B	116B	160B	190B
Per Share Items
Net EPS - Basic	0.72	1.08	1.29	1.77	2.08
Basic EPS - Continuing Operations	0.72	1.08	1.29	1.77	2.08
Basic Weighted Average Shares Outstanding	89.11B	90.45B	90.45B	90.45B	91.66B
Net EPS - Diluted	0.72	1.08	1.29	1.77	2.08
Diluted EPS - Continuing Operations	0.72	1.08	1.29	1.77	2.08
Diluted Weighted Average Shares Outstanding	89.11B	90.45B	90.45B	90.45B	91.66B
Normalized Basic EPS	0.47	0.68	0.8	1.2	1.56
Normalized Diluted EPS	0.47	0.68	0.8	1.2	1.56
Dividend Per Share	0.54	0.54	0.64	1.1	-
Payout Ratio	82.67	-	42.11	36.31	53.41
American Depositary Receipts Ratio (ADR)	0.25	0.25	0.25	0.25	0.25
Supplemental Items
Effective Tax Rate - (Ratio)	4.53	0.64	0.02	8.03	16.89
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	91M	45M	1.49B	16.14B	46.62B
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	2.95B	582M	-1.47B	-2.14B	-7.81B
Normalized Net Income	41.98B	61.7B	72.79B	109B	143B

Fiscal Period: December	2021 (KZT)	2022 (KZT)	2023 (KZT)	2024 (KZT)	2025 (KZT)
Assets
Cash And Equivalents	254B	368B	488B	883B	826B
Investment Securities, Total	1,105B	971B	1,030B	738B	992B
Trading Asset Securities, Total	2.97B	2.76B	3.02B	2.89B	6.76B
Total investments	1,108B	974B	1,033B	740B	999B
Gross Loans	849B	1,241B	1,472B	1,926B	3,862B
Allowance For Loan Losses	-38.19B	-65.07B	-90.26B	-89.38B	-153B
Other Adjustments to Gross Loans	-2.31B	-2.83B	-4.11B	-7.51B	-17.34B
Net Loans	809B	1,174B	1,378B	1,829B	3,692B
Gross Property Plant And Equipment	88.45B	88.84B	90.64B	91.21B	128B
Accumulated Depreciation	-25.81B	-29.82B	-33.98B	-36.98B	-41.03B
Net Property Plant And Equipment	62.64B	59.02B	56.66B	54.23B	86.74B
Goodwill	-	-	-	-	26.36B
Other Intangibles, Total	14.07B	14.55B	13.87B	15.22B	43.31B
Investment in Real Estate	2.47B	1.61B	1.57B	1.65B	1.06B
Other Receivables	22.93B	22.89B	9.89B	7.85B	19.57B
Restricted Cash	39.34B	49.02B	56.56B	70.38B	251B
Other Current Assets, Total	9.64B	4.09B	9.64B	12.9B	23.1B
Deferred Tax Assets Long-Term (Collected)	-	-	-	-	-
Other Real Estate Owned And Foreclosed	36.16B	30.52B	19.85B	15.08B	7.55B
Other Long-Term Assets, Total	67.56B	92.06B	186B	461B	127B
Total Assets	2,426B	2,789B	3,253B	4,091B	6,102B
Liabilities
Accrued Expenses, Total	7.98B	8.08B	8.76B	11.79B	25.49B
Interest Bearing Deposits	1,734B	2,012B	2,272B	2,868B	4,399B
Non-Interest Bearing Deposits	93M	-	-	-	-
Total Deposits	1,734B	2,012B	2,272B	2,868B	4,399B
Short-Term Borrowings	25.06B	67.98B	164B	435B	164B
Current Portion of Long-Term Debt	40.48B	5.24B	205B	87.71B	191B
Long-Term Debt	318B	328B	133B	76.18B	496B
Long-Term Leases	1.94B	1.77B	1.62B	1.83B	16.18B
Current Income Taxes Payable	-	-	-	513M	-
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities - (Bank / Utility Template)	-	-	-	-	-
Unearned Revenue Non Current	-	3.81B	7.4B	17.11B	8.46B
Deferred Tax Liability Non-Current	13.99B	13.9B	12.73B	10.57B	3.12B
Other Non Current Liabilities	6.55B	5.32B	18.29B	13.7B	23.96B
Total Liabilities	2,148B	2,446B	2,823B	3,523B	5,327B
Common Stock, Total	333B	333B	333B	333B	333B
Additional Paid In Capital	23.65B	23.65B	23.65B	23.65B	31.33B
Retained Earnings	-83.44B	14.64B	82.85B	185B	256B
Treasury Stock	-3.46B	-3.46B	-3.46B	-3.46B	-315M
Comprehensive Income and Other	8.14B	-23.89B	-6.04B	30.2B	155B
Total Common Equity	278B	344B	430B	568B	775B
Minority Interest	-	-	-	-	-
Total Equity	278B	344B	430B	568B	775B
Total Liabilities And Equity	2,426B	2,789B	3,253B	4,091B	6,102B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	90.45B	90.45B	90.45B	90.45B	92.21B
ECS Total Common Shares Outstanding	90.45B	90.45B	90.45B	90.45B	92.21B
Book Value / Share	3.07	3.8	4.75	6.28	6.13
Tangible Book Value	264B	329B	416B	553B	705B
Tangible Book Value Per Share	2.91	3.64	4.6	6.11	5.37
Total Debt	386B	403B	504B	601B	867B
Deposits at Interest - Cash	244B	210B	543B	794B	558B
Net Debt	-16.26B	-16.87B	-228B	-345B	-38.66B
Full Time Employees	-	-	-	-	-
Number Of Offices	-	-	-	-	-

Fiscal Period: December	2021 (KZT)	2022 (KZT)	2023 (KZT)	2024 (KZT)	2025 (KZT)
Net Income	64.06B	98.09B	116B	160B	190B
Depreciation, Depletion & Amortization	6.47B	5.64B	5.92B	5.82B	10.24B
Amortization of Goodwill and Intangible Assets - (CF)	-	-	930M	-	-
Total Depreciation, Depletion & Amortization	6.47B	5.64B	6.85B	5.82B	10.24B
Amortization of Deferred Charges, Total	-	-	2.12B	-	-
Change in Trading Asset Securities	4.18B	1.02B	-203M	102M	14M
Change in Other Net Operating Assets (Collected)	-54.57B	-346B	-191B	-135B	-1,304B
Other Operating Activities	7.26B	51.22B	56.22B	54.97B	-4.18B
Cash from Operations	27.4B	-190B	-9.77B	85.98B	-1,108B
Capital Expenditure	-5.6B	-7.36B	-6.62B	-9.55B	-23.05B
Sale of Property, Plant, and Equipment	3M	71M	4M	92M	2M
Cash Acquisitions	-	-	-	-	-7.05B
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-188B	-14.45B	55.84B	-65.22B	64.35B
Cash from Investing	-194B	-21.74B	49.22B	-74.67B	34.25B
Long-Term Debt Issued, Total	4M	13.3B	12.86B	6.78B	390B
Total Debt Issued	4M	13.3B	12.86B	6.78B	390B
Long-Term Debt Repaid, Total	-2.08B	-38.95B	-14.46B	-224B	-76.9B
Total Debt Repaid	-2.08B	-38.95B	-14.46B	-224B	-76.9B
Issuance of Common Stock	4.34B	-	-	-	222B
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-52.96B	-	-49.03B	-58.21B	-102B
Common & Preferred Stock Dividends Paid	-52.96B	-	-49.03B	-58.21B	-102B
Net Increase (Decrease) in Deposit Accounts - (CF)	331B	256B	263B	485B	839B
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	280B	231B	212B	209B	1,273B
Foreign Exchange Rate Adjustments	7.78B	5.75B	-5.57B	21.19B	-3.07B
Miscellaneous Cash Flow Adjustments	-	-9M	7M	-3M	18M
Net Change in Cash	121B	25.01B	246B	242B	196B
Supplemental Items
Cash Interest Paid	82.47B	115B	161B	242B	352B
Cash Income Tax Paid (Refund)	24M	44M	2.98B	13.71B	49.27B
Net Debt Issued / Repaid	-2.08B	-25.66B	-1.59B	-217B	313B

Fiscal Period: December	2021 (KZT)	2022 (KZT)	2023 (KZT)	2024 (KZT)	2025 (KZT)
Profitability
Return on Assets	2.84	3.76	3.85	4.37	3.75
Return On Equity %	23.68	31.57	30.1	32.13	28.45
Return on Common Equity	23.68	31.57	30.1	32.13	28.36
Shareholders Value Added	31.6B	60.8B	70.95B	100B	110B
Margin Analysis
SG&A Margin	33.84	32.78	33.58	30.09	26.16
Net Interest Income / Total Revenues %	75.2	78.25	95.87	95.32	92.11
EBT Excl. Non-Recurring Items Margin %	52.65	60.05	57.75	63.13	67.35
Income From Continuing Operations Margin %	50.22	59.67	57.73	58.07	55.98
Net Income Margin %	50.22	59.67	57.73	58.07	55.8
Net Avail. For Common Margin %	50.22	59.67	57.73	58.07	55.8
Normalized Net Income Margin	32.91	37.53	36.09	39.46	41.92
Asset quality
Nonperforming Loans / Total Loans %	13.14	8.69	6.6	5.01	6.53
Nonperforming Loans / Total Assets %	4.6	3.87	2.99	2.36	4.13
Nonperforming Assets / Total Assets %	6.09	4.96	3.6	2.73	4.25
NPAs / Loans and OREO	16.68	10.88	7.85	5.75	6.71
NPAs / Equity	53.21	40.27	27.24	19.62	33.5
Allowance for Credit Losses / Net Charge-offs %	53.03	431.27	288.37	166.2	17.06K
Allowance for Credit Losses / Nonperforming Loans %	34.22	60.29	92.85	92.7	60.79
Allowance for Credit Losses / Total Loans %	4.5	5.24	6.13	4.64	3.97
Provision for Loan Losses / Net Charge-offs %	13.72	249.55	158.86	77.73	1.85K
Capital And Funding
Total Average Common Equity / Total Average Assets %	11.98	11.92	12.8	13.59	13.18
Total Average Equity / Total Average Assets %	11.98	11.92	12.8	13.59	13.18
Total Equity + Allowance for Loan Losses / Total Loans %	37.19	32.93	35.33	34.15	24.03
Gross Loans / Total Deposits %	48.99	61.71	64.77	67.14	87.8
Net Loans / Total Deposits %	46.66	58.33	60.62	63.76	83.92
Tier 1 Capital Ratio %	23.1	19.6	20.8	23.9	21.3
Total Capital Ratio %	24.3	20.2	21.2	24.1	21.4
Core Tier 1 Capital Ratio	23.1	19.6	20.8	23.9	15.5
Tier 2 Capital Ratio	1.18	0.64	0.42	0.26	0.12
Coverage Ratio	34.22	60.29	92.85	92.7	60.79
Interbank Ratio	200.12	115.81	104.09	13.65	77.26
Fixed Charges Coverage
EBT + Interest Expense / Interest Expense	1.69	1.75	1.64	1.67	1.63
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	0.95	34.08	50.31	36.14	19.41
Non Interest Income, 1 Yr. Growth %	-15.37	76.82	-23.03	-12.92	-17.89
Provision For Loan Losses, 1 Yr. Growth %	-74.62	280.96	32.07	-15.93	-60.21
Total Revenues, 1 Yr. Growth %	21.33	28.87	21.2	33.75	24.33
Earnings From Cont. Operations, 1 Yr. Growth %	20.95	53.12	18.71	37.71	19.13
Net Income, 1 Yr. Growth %	20.95	53.12	18.71	37.71	18.75
Normalized Net Income, 1 Yr. Growth %	39.88	46.65	17.98	49.7	31.27
Diluted EPS Before Extra, 1 Yr. Growth %	20.96	50.84	18.71	37.71	17.19
Dividend Per Share, 1 Yr. Growth %	-	0	18.72	71.54	-
Gross Loans, 1 Yr. Growth %	1.83	46.15	18.56	30.82	100.58
Allowance For Loan Losses, 1 Yr. Growth %	-54.14	70.37	38.73	-0.97	71.43
Net Loans, 1 Yr. Growth %	7.9	45.07	17.38	32.75	101.88
Non Performing Loans, 1 Yr. Growth %	-48.04	-3.3	-9.92	-0.82	161.41
Non Performing Assets, 1 Yr. Growth %	-44.54	-6.31	-15.44	-4.04	132.82
Total Assets, 1 Yr. Growth %	16.11	14.99	16.63	25.75	49.16
Total Deposits, 1 Yr Growth %	24.82	16.03	12.32	26.84	53.38
Tangible Book Value, 1 Yr. Growth %	4.54	24.88	26.35	32.94	27.53
Common Equity, 1 Yr. Growth %	5.46	23.79	25.03	32.19	36.38
Total Equity, 1 Yr. Growth %	5.46	23.79	25.03	32.19	36.38
Compound Annual Growth Rate Over Two Years
Net Interest Income, 2 Yr. CAGR %	10.69	16.35	41.96	43.05	27.5
Non Interest Income, 2 Yr. CAGR %	1.96	22.33	18.25	-14.82	-16.75
Provision For Loan Losses, 2 Yr. CAGR %	-30.43	-1.68	124.31	5.37	-42.16
Total Revenues, 2 Yr. CAGR %	14.2	25.04	25.74	28.82	28.56
Earnings From Cont. Operations, 2 Yr. CAGR %	23.16	36.09	34.82	27.86	28.08
Net Income, 2 Yr. CAGR %	23.16	36.09	34.82	27.86	27.88
Normalized Net Income, 2 Yr. CAGR %	20.48	43.38	31.54	32.9	40.18
Diluted EPS Before Extra, 2 Yr. CAGR %	23.92	35.08	33.82	27.86	27.04
Dividend Per Share, 2 Yr. CAGR %	-	-	8.96	42.71	-
Gross Loans, 2 Yr. CAGR %	-0.46	21.99	31.63	24.54	61.99
Allowance For Loan Losses, 2 Yr. CAGR %	-27.31	-11.61	53.74	17.21	30.29
Net Loans, 2 Yr. CAGR %	1.51	25.11	30.49	24.83	63.71
Non Performing Loans, 2 Yr. CAGR %	-	-29.11	-6.67	-5.48	61.02
Non Performing Assets, 2 Yr. CAGR %	-	-27.92	-10.99	-10.25	49.47
Total Assets, 2 Yr. CAGR %	8.25	15.55	15.8	21.1	36.96
Total Deposits, 2 Yr CAGR %	13.88	20.34	14.48	19.07	39.48
Tangible Book Value, 2 Yr. CAGR %	9.69	14.26	25.61	29.6	30.21
Common Equity, 2 Yr. CAGR %	10.13	14.26	24.41	28.56	34.27
Total Equity, 2 Yr. CAGR %	10.13	14.26	24.41	28.56	34.27
Compound Annual Growth Rate Over Three Years
Net Interest Income, 3 Yr. CAGR %	24.77	18	26.71	40	34.69
Non Interest Income, 3 Yr. CAGR %	23.3	22.49	5.77	9.64	-16.73
Provision For Loan Losses, 3 Yr. CAGR %	25.5	22.63	8.48	61.73	-23.84
Total Revenues, 3 Yr. CAGR %	24.23	18.89	24.25	29.36	27.05
Earnings From Cont. Operations, 3 Yr. CAGR %	30.07	32.43	30.03	35.78	24.88
Net Income, 3 Yr. CAGR %	30.18	32.43	30.03	35.78	24.75
Normalized Net Income, 3 Yr. CAGR %	38.37	28.73	34.36	37.33	32.35
Diluted EPS Before Extra, 3 Yr. CAGR %	31.17	32.31	29.38	35.1	24.2
Dividend Per Share, 3 Yr. CAGR %	62.22	-	-	26.75	-
Gross Loans, 3 Yr. CAGR %	3.65	13.13	20.84	31.36	45.98
Allowance For Loan Losses, 3 Yr. CAGR %	-19.48	-3.45	2.72	32.77	33.04
Net Loans, 3 Yr. CAGR %	5.46	14.34	22.48	31.24	46.52
Non Performing Loans, 3 Yr. CAGR %	-16.54	-	-23.22	-4.76	32.68
Non Performing Assets, 3 Yr. CAGR %	-16.91	-	-23.98	-8.96	23.32
Total Assets, 3 Yr. CAGR %	12.83	10.45	15.91	19.03	29.81
Total Deposits, 3 Yr CAGR %	17.23	14.59	17.83	18.26	29.55
Tangible Book Value, 3 Yr. CAGR %	10.67	14.53	18.15	28.01	28.91
Common Equity, 3 Yr. CAGR %	11.57	14.51	17.74	26.95	31.12
Total Equity, 3 Yr. CAGR %	11.44	14.51	17.74	26.95	31.12
Compound Annual Growth Rate Over Five Years
Net Interest Income, 5 Yr. CAGR %	17.63	23.69	31.38	27.44	27.03
Non Interest Income, 5 Yr. CAGR %	25.85	31.48	21.26	6.5	-2.35
Provision For Loan Losses, 5 Yr. CAGR %	31.25	237.48	58.31	15.41	-15.65
Total Revenues, 5 Yr. CAGR %	19.11	21.13	24.83	23.07	26.55
Earnings From Cont. Operations, 5 Yr. CAGR %	40.61	37.79	31.95	30.58	29.25
Net Income, 5 Yr. CAGR %	40.29	37.92	32.02	30.58	29.17
Normalized Net Income, 5 Yr. CAGR %	28.94	32.03	35.65	30.38	36.66
Diluted EPS Before Extra, 5 Yr. CAGR %	41.29	38.23	32.22	30.51	28.44
Dividend Per Share, 5 Yr. CAGR %	61.07	44.85	38.34	-	-
Gross Loans, 5 Yr. CAGR %	4.29	11.37	14.05	17.57	35.87
Allowance For Loan Losses, 5 Yr. CAGR %	-7.52	4.27	4.29	4.34	12.97
Net Loans, 5 Yr. CAGR %	5.06	11.8	14.84	18.43	37.55
Non Performing Loans, 5 Yr. CAGR %	-	-	-12.72	-	3.25
Non Performing Assets, 5 Yr. CAGR %	-	-	-14.59	-	-0.52
Total Assets, 5 Yr. CAGR %	14.83	14.06	14.01	14.6	23.91
Total Deposits, 5 Yr CAGR %	16.62	15.41	16.12	16.49	25.93
Tangible Book Value, 5 Yr. CAGR %	8.68	11.64	16.42	20.34	22.84
Common Equity, 5 Yr. CAGR %	9.38	12.17	16.54	19.94	24.09
Total Equity, 5 Yr. CAGR %	9.31	12.1	16.46	19.94	24.09