S&P Global Ratings revised its rating outlook on Kazakhstan’s Nurbank from Stable to Positive, affirming its long-term credit rating at ‘B’ and its national scale rating at ‘kzBB+’.
According to S&P, the revision reflects expectations of improved capital adequacy metrics driven by more moderate growth rates, lower provisioning needs, and higher earnings. As of August 1, 2026, Nurbank’s assets stood at 602 billion tenge, up 37.3 billion tenge since the start of the year, while its deposit portfolio grew by 28.6 billion tenge to reach 424 billion tenge.
