Jusan Bank: Best Bank Kazakhstan 2022


Jusan Bank has demonstrated the vision and strength to thrive in challenging macroeconomic environments. Over the past three decades, it has gained a deep understanding of consumer banking requirements and responded with an array of product developments and fintech partnerships. It serves retail, business and private banking clients. Jusan Bank refers to 2021 as a breakthrough year of quantitative growth that has laid the foundation for a qualitative transformation of the entire group. It has made significant progress on the recovery of the loan portfolio acquired from troubled Tsesnabank and fast-tracked a merger with ATFBank. Swift integration of services following the merger ensured maximum retention of clients. It has prioritised continuous investments towards the development of Kazakhstan’s financial ecosystem, which has prompted the national bank to recognise Jusan Bank as strategically important. Jusan Bank takes a holistic approach to ensure balanced risk management. It has exceeded regulatory minimums for capital adequacy and current liquidity ratios, respectively at 28 percent and 211 percent. In terms of equity and liquidity, Jusan Bank ranks among Kazakhstan’s top three banks, as underscored by the “stable” outlook assigned by Moody’s. The bank’s governance policies are rooted in responsibility. It has prevented the bankruptcy of two substantial financial institutions, built a modern financial ecosystem from scratch and adopted increasingly ambitious ESG standards. It allocates sizable support for national education and science initiatives. The CFI.co judging panel presents Jusan Bank — a repeat programme winner — with the 2022 Best Bank (Kazakhstan) award.