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Baring Vostok believes that financial services are likely to continue to be one of the region’s most rapidly growing sectors, as its banking sector matures and penetration of other financial products increases towards the levels of more developed economies. Since 1994, Baring Vostok funds have invested over $750 million in 11 banks and financial services companies in Russia and Kazakhstan.
Kaspi bank

Kaspi bank

One of the leading retail banks in Kazakhstan
www.kaspi.kz
Location:
Alma-Ata, Kazakhstan
Year of initial investments:
2006
Shareholding:
Controlling stake

Kaspi Bank is now the leading retail bank in Kazakhstan. It has the highest growth in retail deposits and loans, the highest number of credit cards issued, and the fastest growing network of branches. The bank is one of the leading companies in Kazakhstan for brand recognition among all industry sectors.

Kaspi Bank is one of the largest retail banks in Kazakhstan. Baring Vostok Private Equity Fund III purchased a controlling share of the Bank in 2006.

Other projects

News

26 March 2018

Papa John's restaurant chain attracts new investors.

PJ Western, master-franchisee of Papa John's international in Russia, the CIS and Central Europe, announces a deal with the Baring Vostok investment fund to increase its total number of restaurants to 450 by December 2020.
09 February 2018

Tinkoff Bank opens development hub at Skolkovo.

Tinkoff Bank announces the opening of a development hub at the Skolkovo innovation centre. Its team will focus on delivering new business solutions based on blockchain, as well as voice and face recognition technologies.
12 October 2017

TCS Group Holding PLC acquires a majority stake in CloudPayments.

TCS Group Holding PLC, Russia’s leading provider of online retail financial services via its Tinkoff.ru financial supermarket, is pleased to announce the purchase of a 55% controlling stake in CloudPayments, an innovative developer of online payment solutions.
17 July 2012

Expobank switches over to a new technological platform.

Expobank and Center of Financial Technologies Group of Companies have successfully completed the first stage of a large-scale project of transferring the full scope of IT service functions to outsourcing. One of the key project stages has been finished – substitution of the bank’s existing corebanking system with CFT-Bank information complex placed in the facilities of CFT data center.