On July 15, 2026, the Kazakhstani fintech holding Kaspi.kz announced the completion of the deal to acquire Turkey’s Rabobank A.Ş. This was reported by Kapital.kz, citing a company statement.
What happened
The agreement to purchase the subsidiary of the Dutch Rabobank Group was signed in March 2025. The Turkish regulator has already issued the necessary approval for the change of ownership.
The main feature of the asset is the presence of a full banking license in Turkey with a complete absence of historical baggage. Rabobank A.Ş. has no loan portfolio, deposits, or branch network.
Country and market
Kazakhstan and Turkey. For Kaspi.kz, this is the second major asset in the Turkish market. Previously, the holding acquired the local marketplace Hepsiburada for $1.12 billion, gradually increasing its stake in the company to 86.74%.
Why it matters
The purchase of the bank is a purely infrastructural step. The holding needs the license to create a financial base around the Hepsiburada e-commerce platform. The model replicates the company’s Kazakhstani experience: the electronic trading platform and the bank will work in tight integration.
Kaspi is transferring its core business model to a new market, buying a clean license for the rapid deployment of an ecosystem without the need to clean up an old loan portfolio.
What’s next
The holding plans to invest about $300 million in the development of fintech products in Turkey. With the acquisition of the license, Kaspi.kz will be able to launch deposit and credit services for Hepsiburada users.
In the future, the company intends to set up cross-border trade: it is expected that Kazakhstani goods will appear on the Turkish platform, and Turkish sellers will gain access to the audience of the Kaspi app.