- Alma-Ata, Kazakhstan
- Year of initial investments:
- 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.
Baring Vostok Private Equity Fund IV invested 50 million dollars to support further growth of Tinkoff Credit Systems (TCS).