Illustration: AI
Kazakhstan’s banks earned 201.85 billion tenge in September, down 5.6% from August (kursiv.media). Halyk retained the top spot with a profit of 79 billion tenge, while Bereke Bank posted a loss of 5 billion tenge. The five most profitable banks remained unchanged.
What happened
Halyk Bank’s September profit rose 3.6% from August. The bank earned 694 billion tenge from January to September, down 4.6% from the first nine months of 2025.
Kaspi Bank’s September profit fell 5% to 39.9 billion tenge. It earned 349.7 billion tenge over the first three quarters, down 17.3% from the same period last year. A separate article on the history of Kaspi.kz explores the company’s development.
Bank CenterCredit rounded out the top three with a September profit of 18.5 billion tenge, roughly 1 billion tenge less than in August. The bank earned 161 billion tenge over the first nine months, down 19% from a year earlier.
What this means
The three leading banks saw their monthly results diverge: Halyk’s profit rose, while profits at Kaspi and Bank CenterCredit fell. All three, however, earned less from January to September than in the same period last year.
ForteBank returned to fourth place by monthly profit, earning 12.2 billion tenge. Its January–September profit stood at 99.6 billion tenge, down 30% year on year.
Otbasy Bank rounded out the top five, earning 12.2 billion tenge in September and 127 billion tenge since the start of the year. Based on the rounded figures reported, its monthly profit matched ForteBank’s.
How other banks ended September
Citibank Kazakhstan took sixth place. Its profit totalled 8.9 billion tenge for the month and 78 billion tenge for the first nine months. Bank RBK earned 5 billion tenge in September and 40 billion tenge since the start of the year.
Home Credit Bank ranked eighth, earning 5 billion tenge for the month and 36 billion tenge from January to September. ICBC Almaty and VTB also made the top ten most profitable banks.
Bereke Bank, the country’s tenth-largest bank by assets, ended September with a loss of 5 billion tenge. Its January–September result remained positive, however, with a profit of 17.6 billion tenge.
