bank of astana

Bank of Astana JSC was a Kazakhstani financial institution founded in 2008, initially as Bank Astana-Finance JSC. It positioned itself as an innovative digital-first bank, focusing on retail customers and small to medium-sized enterprises (SMEs). The bank was known for its modern mobile banking application and online services. However, it faced significant financial difficulties due to a high portfolio of non-performing loans and poor asset quality. On September 18, 2018, the National Bank of Kazakhstan revoked its banking license for systematic violations of financial regulations and its inability to meet its obligations to depositors, leading to a forced liquidation process.