International rating agency Fitch has reaffirmed the ratings of Kaspi.kz and Kaspi Bank at BBB− with a stable outlook.
Mikhail Lomtadze, co-founder and head of Kaspi.kz: "We are proud that Kaspi has again received such a high assessment from an international rating agency. The most important assessment for us is the trust of our beloved customers and partners. Thank you for choosing Kaspi every day!"
Fitch notes Kaspi's unique business model and specifically highlights the mobile application, which combines e-commerce, payments, and financial services for customers and entrepreneurs.
Fitch also notes the high level of capital and effective risk management.
Today, more than 26 million customers and about 1 million entrepreneurs in Kazakhstan and Turkey use Kaspi's services.
