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
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

16 February 2019

Press statement on outcome of court hearing.

Yesterday the Moscow Bassmaniy Court extended its hearing to decide on pre-trial restrictions for Michael Calvey, while leaving him under detention for an additional 72 hours.
15 February 2019

MEDIA RELEASE.

Baring Vostok believes that the detention of its employees and the charges that have been brought are a result of a conflict with shareholders of Vostochniy Bank.
15 February 2019

MEDIA RELEASE.

Yesterday, four Baring Vostok employees, including Michael Calvey, were detained by authorities in Moscow.
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.
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.