Kazakh fintech bank Kaspi.kz reported its second-quarter 2026 results, showing modest net profit growth and an increased recommended dividend from 850 to 1,000 tenge per ADR.
Freedom Finance analysts viewed the report as neutral: while individual segments posted growth in line with forecasts, Turkey’s Hepsiburada delivered weak results. The company reaffirmed its 2026 guidance across all key metrics. Freedom Finance raised its price target for a single ADR from $88 to $93 and maintained its “Hold” rating.
