Jusan Bank: Best Bank Kazakhstan 2021

Jusan Bank is one of the largest and most dynamically developing banks in Kazakhstan. It is continuously enhancing digital technologies to improve the quality and accessibility of services, expanding the product-line, and assisting clients to achieve their financial goals. After the shareholder change and subsequent rebranding from Tsesna Bank in 2019, the Jusan management team has been successfully implementing a new development strategy and stabilisation programme. As a result, Jusan Bank has achieved impressive financial results in a short period. The turnaround over the past two years has been remarkable, with its corporate business and SME deposit portfolio doubling to the equivalent of $2.1bn. The retail client portfolio grew to around 2.5m accounts by October 2021. This growth was largely due to the launch of innovative new products such as a mobile application Jusan, which is actively used by more than 700,000 private customers. A brand-new internet banking system Jusan Business for SMEs that launched last year has already attracted more than 41,000 users.

Advanced functionality means that the Jusan is a truly super app. Today, financial services available on the mobile application range across banking products, investment, and insurance. There is also a line of non-financial services, such as a digital mobile operator Jusan Mobile, and a marketplace with an assortment of goods and services presently covering more than 456,000 items (which can be purchased in instalments over a two-year period). Furthermore, Jusan is the only bank to offer investment services via an application. It is also worth noting that Jusan Bank is not only systematically developing its ecosystem of digital services but is also generally expanding its spheres of influence.

In early September 2021, Jusan Bank completed the merger of Kazakhstani ATFBank, which was bought out last year. Total volume of assets reached the equivalent of some $6.5bn. In the same month, the Jusan group acquired 100 percent of the Russian Asia-Pacific Bank – and went on to acquire a non-controlling interest in Kcell, the leading mobile operator in Kazakhstan. All this creates a highly attractive proposition for clients and fosters increasing trust in the financial institution amongst corporates and the general population. The CFI.co judging panel recognises this outstanding transformation and presents Jusan Bank with the 2021 award for Best Bank (Kazakhstan).

marten

Recent Posts

Dubai World Trade Centre: Champion of Global Business and Trade Ecosystems EMEA 2025

For over four decades, Dubai World Trade Centre (DWTC) has been a cornerstone of Dubai’s…

1 week ago

Krungthai Bank PCL: Best Social Impact Bank Thailand 2025

Krungthai Bank PCL plays a pivotal role in driving sustainable economic and social development in…

2 weeks ago

Région Île-de-France: Best Green Bond Thought Leadership Team Global 2025 & Best in Class Bond Issuer Global 2025

Région Île-de-France demonstrates a steadfast commitment to sustainable finance, playing a pioneering and influential role…

1 month ago

Spectrum Asset Management: Excellence in Preferred Securities Portfolio Management Global 2025

Spectrum Asset Management is a leading institutional manager specialising in preferred and capital securities, with…

1 month ago

Moody’s Ratings: Best Credit Risk Analysis LATAM 2025

Moody’s Ratings is a globally recognised leader in credit ratings, research and risk analysis, with…

1 month ago

La Trobe Financial: Best Investment Management Team Australia 2025

La Trobe Financial has cemented its reputation as Australia’s premier alternative asset manager, demonstrating a…

2 months ago